What's in the Offing for United Airlines (UAL) in Q4 Earnings?

Asia's Tech News Daily

United Airlines UAL is scheduled to report fourth-quarter 2021 earnings numbers on Jan 19, after market close.

The company has incurred losses for seven consecutive quarters as coronavirus concerns continue to weigh on air-travel demand.

Let’s see how things are shaping up for this earnings season.

>, Click to get this free report, Zacks Investment Research” title=”fourth-quarter 2021 earnings numbers on Jan 19, United Airlines Holdings Inc price-eps-surprise, United Airlines Holdings Inc Quote, Earnings ESP, Earnings ESP Filter, Zacks Earnings Calendar, See 3 crypto-related stocks now >>, Click to get this free report, Zacks Investment Research”> – Zacks

Factors to Note

Despite being below the pre-pandemic levels, air-travel demand has significantly improved from the lows of 2020. This is expected to have boosted United Airlines’ passenger revenues in the soon-to-be-reported quarter. A strong Thanksgiving holiday travel period is likely to have aided its performance. The Zacks Consensus Estimate for fourth-quarter passenger revenues indicates a surge of more than 100% from the year-ago reported number. It also suggests a 2.1% increase from the sequential quarter’s reported figure.

However, the spate of flight cancellations from Christmas Eve through the end of the year due to Omicron-induced woes and inclement weather conditions might have pushed up UAL’s unit costs, hurting the bottom line in turn. Evidently, the Zacks Consensus Estimate for fourth-quarter CASM, excluding fuel, third-party business expenses, profit-sharing and special charges, shows a 5.1% increase from the third-quarter 2021’s reported number.

With fuel expenses comprising a major chunk of airline expenditures, rising fuel costs might have further dampened United Airlines’ bottom line in the fourth quarter. The Zacks Consensus Estimate for average fuel price per gallon implies an 11.7% increase from the sequential quarter’s reported number. The company predicts fuel price to be $2.39 per gallon in the fourth quarter, higher than $2.14 reported in the third quarter.

With air-travel demand continuing to be below the pre-pandemic levels, United Airlines expects total revenues to decline 25-30% in the fourth quarter from the comparable period in 2019.

United Airlines Holdings Inc Price and EPS Surprise

>, Click to get this free report, Zacks Investment Research” src=”https://sgp1.digitaloceanspaces.com/vnexplorer.net/enter/node01/wp-content/uploads/2022/01/14102146/image-whats-in-the-offing-for-united-airlines-ual-in-q4-earnings-164210530675692.png” title=”fourth-quarter 2021 earnings numbers on Jan 19, United Airlines Holdings Inc price-eps-surprise, United Airlines Holdings Inc Quote, Earnings ESP, Earnings ESP Filter, Zacks Earnings Calendar, See 3 crypto-related stocks now >>, Click to get this free report, Zacks Investment Research”>

United Airlines Holdings Inc price-eps-surprise | United Airlines Holdings Inc Quote

Earnings Whispers

Our proven model predicts an earnings beat for United Airlines this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of beating estimates. You can see the complete list of today’s Zacks #1 Rank stocks here.

Earnings ESP: United Airlines has an Earnings ESP of +6.58% as the Most Accurate Estimate is pegged at a loss of $2.09, while the Zacks Consensus Estimate is poised at a loss of $2.24. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: United Airlines carries a Zacks Rank #3.

Highlights of Q3 Earnings

United Airlines incurred a loss (excluding $2.46 from non-recurring items) of $1.02 per share in the third quarter of 2021, narrower than the Zacks Consensus Estimate of a loss of $1.65. Operating revenues of $7,750 million surpassed the Zacks Consensus Estimate of $7639.7 million. The top line surged more than 200% year over year with passenger revenues accounting for 85.6% of the top line, soaring more than 300% to $6,637 million.

Other Stocks to Consider

Investors interested in the broader Transportation sector may also consider C.H. Robinson Worldwide CHRW, Southwest Airlines LUV and Landstar System LSTR as these stocks too possess the right combination of elements to beat on earnings this reporting cycle.

C.H. Robinson currently has an Earnings ESP of +7.82% and a Zacks Rank #3. The company will report fourth-quarter 2021 results on Feb 2.

Favorable pricing and higher volumes, owing to improved freight market conditions are expected to have aided C.H. Robinson’s fourth-quarter performance.

Southwest Airlines has an Earnings ESP of +172.73% and is currently a #3 Ranked player. The company will release fourth-quarter 2021 results on Jan 27.

Southwest Airlines expects to be profitable in the fourth quarter of 2021 owing to a strong Thanksgiving holiday travel period, higher fares and benefits from the co-brand credit card agreement with Chase.

Landstar System has an Earnings ESP of +3.19% and is Zacks #3 Ranked, presently. The company will release fourth-quarter 2021 results on Jan 26.

Landstar’s fourth-quarter performance is expected to have benefited from higher truck rates and strong freight demand.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.


Bitcoin, Like the Internet Itself, Could Change Everything

Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.

Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. 

See 3 crypto-related stocks now >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

 

United Airlines Holdings Inc (UAL): Free Stock Analysis Report

 

Southwest Airlines Co. (LUV): Free Stock Analysis Report

 

C.H. Robinson Worldwide, Inc. (CHRW): Free Stock Analysis Report

 

Landstar System, Inc. (LSTR): Free Stock Analysis Report

 

To read this article on Zacks.com click here.

 

Zacks Investment Research

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

86% of last year's new investors plan to put even more money in stocks in 2022, survey says

Oscar Wong | Moment | Getty Images The stock market's newest investors appear to like what they've seen so far. Among individuals who began investing last year, 86% plan to ... Read more »

Here's why your 401(k) employer match may not be yours just yet

Carlina Teteris | Moment | Getty Images If you're a 401(k) plan saver, odds are you are getting a “match” from your employer. But there's a catch — that free ... Read more »

Bank of America tops profit estimates on better-than-expected credit costs

Bank of America on Wednesday topped analysts' estimates for profit on record asset management and investment banking fees, and the release of $851 million in loan loss reserves. Here are ... Read more »

9 best smartwatches that do much more than tell the time

We considered health tracking, battery life, wearability and value for money (iStock/The Independent) The current smartwatch market is confusing and full of economic jeopardy when it comes to finding a ... Read more »

56% of Americans can't cover a $1,000 emergency expense with savings

JGI/Jamie Grill | Tetra images | Getty Images Most Americans are still struggling to build solid savings accounts nearly two years into the coronavirus pandemic. Some 56% of Americans are ... Read more »

1 surging former penny stock to buy in 2022!

British Pennies on a Pound Note Penny stocks are often seen as risky investments. I like to look for these small-cap contrarian options for my holdings. One could be a ... Read more »

Housebuilder Crest Nicholson sets aside £28.8 million to cover fire safety costs

Crest Nicholson boss Peter Truscott (Crest Nicholson) House builder Crest Nicholson has set aside £28.8 million to cover the potential cost of fire safety work on its past developments. The ... Read more »

This FTSE 100 stock has dipped! Here's why it's now a bargain

macro shot of computer monitor with FTSE 100 stock market data in trading application Flutter Entertainment (LSE:FLTR) shares have tumbled in the past few months. Despite that, I believe it ... Read more »

Some states offer assistance to families unable to afford funeral costs

GRECLAURENTIU | iStock | Getty Images Financial help is often available to families unable to afford the funeral and burial costs for a loved one, but they may not realize ... Read more »

It's costly to care for aging relatives. Here's how to get a tax break this season

Peter Zander | Getty Images Caring for aging relatives or family members with special needs can be tough on your finances. But you may qualify for federal or state-level tax ... Read more »

GSK's top scientist jumps ship in new blow for pharmaceutical firm

Hal Barron to leave just as pressure builds on GSK to come up with new medicines Pharmaceuticals company GSK’s chief scientific officer is jumping ship, dealing a blow to the ... Read more »

Dow rebounds 100 points on the back of strong earnings, rising for the first time in 4 days

Traders work on the floor of the New York Stock Exchange (NYSE) on January 18, 2022 in New York City.Spencer Platt | Getty Images The major averages rose for the ... Read more »

Norway is increasing financial support for laid-off workers and freelancers

The governing parties and the Socialist Left Party (SV) reached an agreement to increase the support schemes for laid-off workers, freelancers, and the self-employed by just over NOK 830 million. ... Read more »

BetMGM to turn a profit next year

FILE PHOTO: General view inside a deserted Ladbrokes shop in Harpenden (Reuters) – BetMGM is expected to turn a profit next year, while revenue in 2022 is likely to exceed ... Read more »

Here's how the new IRS life expectancy tables affect required withdrawals from IRAs, 401(k) plans

Tara Moore | Getty Images Anyone facing required minimum withdrawals from retirement accounts should note there's been a change to calculating those amounts. Starting this year, new IRS life expectancy ... Read more »

Here's what happens to your credit card debt as interest rates rise

boonchai wedmakawand | Moment | Getty Images Putting your purchases on plastic is about to cost you even more. The Federal Reserve is expected to raise rates three or four ... Read more »

Here's how rising interest rates may affect your bond portfolio in retirement

Marko Geber | DigitalVision | Getty Images Many retirees rely on bonds for income, lower risk and portfolio growth. However, as the Federal Reserve prepares to raise interest rates, some ... Read more »

BharatPe Co-Founder Ashneer Grover To Take Voluntary Leave Till March-End

Ashneer Grover, co-founder and managing director of BharatPe, will take voluntary leave from the company till March end. “He has informed the board of his decision to take voluntary leave from ... Read more »

KPMG fined £3m for ‘serious failings' in Conviviality audit

Photograph: Reinhard Krause/Reuters KPMG has been fined £4.3m for failures during its audit of the Bargain Booze owner Conviviality and severely reprimanded in the latest blow to its reputation. The ... Read more »

How To Avoid Spam Calls And Focus On Important Ones

It is not unusual to get a call from an unknown or unfamiliar number. Unfortunately, even with today’s technological advances, answering a call is never a good idea if you ... Read more »

Morgan Stanley is set to report fourth-quarter earnings — here's what the Street expects

James Gorman, chairman and chief executive officer of Morgan Stanley, speaks during a Bloomberg Television interview in Beijing, China, on Thursday, May 30, 2019.Giulia Marchi | Bloomberg | Getty Images ... Read more »

Matchlog Raises $3 Million In Pre-Series A

MatchLog, a digital first container logistics optimisation platform, has raised $3 million in its pre-Series A round through Blue Ashva Capital, a leading Singapore and India-based VC, Rainmatter Climate and ... Read more »

3 Trustworthy High-Yield Dividend Stocks to Buy Now

High-Yield Dividend Stocks to Bank On Trust is hard to earn in the stock market, especially with all of the different factors going on that have led to a turbulent ... Read more »

3 Heavily Shorted Stocks With Squeeze Potential

The intense magnitude of 2021’s biggest short squeezes has attracted much interest from retail traders on the subject. There will almost certainly be more fireworks in 2022, but from where ... Read more »

Norwegian government and SV reach agreement on raising the electricity subsidy from 55 to 80%

The Norwegian government and the Socialist Left Party (SV) have reached an agreement on raising the electricity subsidy. The compensation level will increase from 55 to 80% from January. “The ... Read more »

Next-gen Community Investing Platform Threedots Raises $4 Million Led By Kalaari Capital

Threedots, a next-gen community investing platform, has raised $4 million in Seed round of funding led by Kalaari Capital. The round also saw participation from Better Capital, iSeed, Cloud capital, ... Read more »

TikTok owner ByteDance dissolves its investment arm

TikTok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken November 27, 2019.Dado Ruvic | Reuters BEIJING — TikTok owner ByteDance has disbanded ... Read more »

Statistics Norway: Large increase in the export price of salmon

The export price of fresh salmon last week averaged NOK 72.05 per kilo, an increase of 7% last week compared with the week. Measured in quantity, 17,600 tonnes of fresh ... Read more »

Procter & Gamble is a Hold For Now But Look to Buy in the Second Half

Growth for the consumer staples giant is a question of when, not if  Procter & Gamble (NYSE:PG) is down about 4% in the first weeks of 2021. Still, the stock ... Read more »

Heavy Selling: Indexes Toward Correction Levels

Another trading day deep in the red this Tuesday has sent the small-cap Russell 2000 index into correction territory, -3% for the day and -14% from its highs set just ... Read more »

UK watchdog to restrict advertising of cryptoassets

FILE PHOTO: The logo of the new Financial Conduct Authority is seen at the agency’s headquarters in the Canary Wharf business district of London LONDON (Reuters) – Britain's financial watchdog ... Read more »

Iron Ore Leads Industrial Metals Higher as China Pledges Support

1 / 2Iron Ore Leads Industrial Metals Higher as China Pledges Support (Bloomberg) — Iron ore led gains among industrial metals as China vows to use more monetary policy tools ... Read more »

UK has around 2,000 ‘Isa millionaires', figures show

The UK has around 2,000 “<a href="/tag/isa-millionaires“>Isa millionaires”, sitting on pots worth an average £1,412,000, HM Revenue and Customs (HMRC) figures show. Within the total, around 60 investors hold pots ... Read more »

NAV Oslo: Unemployment unchanged after corona relief

According to NAV Oslo, the easing of some of the infection control measures has had little effect on the unemployment figures. The figures are unchanged compared to last week. “The ... Read more »

Richemont sales jump shows luxury revival

FILE PHOTO: High jewellery are displayed at luxury goods maker Cartier store on Place Vendome in Paris ZURICH (Reuters) -Cartier owner Richemont said strong demand for its jewellery and watches ... Read more »

Number of fake banknotes hits record low in 2021 amid pandemic

SEOUL, Jan. 19 (Yonhap) — The number of fake South Korean banknotes touched a record low in 2021 due largely to the coronavirus pandemic, the central bank said Wednesday. The ... Read more »

Housing prices to further stabilize on monetary tightening: finance minister

SEOUL, Jan. 19 (Yonhap) — Housing prices are expected to further stabilize due largely to the central bank’s rate hikes and the Federal Reserve’s push for faster monetary tightening, Finance ... Read more »

Stock futures rise slightly after sell-off on Wall Street, more bank earnings ahead

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 10, 2022.Brendan McDermid | Reuters U.S. stock futures rose slightly in overnight ... Read more »

Almost nine out of ten cars sold so far this year in Norway were electric

Two weeks into 2022, among the new passenger cars sold, nine out of ten are electric cars, sales of new passenger cars will decline, according to the Road Traffic Information ... Read more »

What happens to your digital assets and cryptocurrency when you die? Even with a will, they may be overlooked

freemixer | E+ | Getty Images If you're like most Americans, you do not have a formal plan for what will happen to your assets when you die. Just 46% ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic