United Airlines Holdings Inc. [NASDAQ:UAL] will report earnings after markets close on Wednesday, January 20th.
UAL Earnings Forecast For The Current Quarter
United Airlines Holdings Inc. [UAL] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $3.44B and earnings per share of -$6.6 for Dec 2020. Looking further ahead, the company is expected to report revenue of $4.06B at an EPS of -$4.98 for Mar 2021. The estimates represent a downside of 62.10% and 80.50% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
UAL Earnings Estimates For The Current Year
For the financial year, United Airlines Holdings Inc. [NASDAQ:UAL] is expected to bring in revenue of $15.41B. The returns are nearly $-27.85 billion lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at -26.77, lower than that of FY19 by -$38.82. Estimates put this year’s earnings growth at -322.20%, 78.10% for the next, and at an annual -22.74% over the next 5-year period. As for sales, forecasts are for a decrease of -64.40% in the current fiscal year and a further 62.10% over the following year.
UAL Price Performance
On Wall Street, United Airlines Holdings Inc. [NASDAQ:UAL] finished Friday’s session down -5.18% at $43.89. The stock went up to $45.98 at the same session while its lowest single day price was $43.88. In the last five days, it saw a rise of about 1.39%, United Airlines Holdings Inc. shares gained by almost 1.48% since the beginning of the year. However, the share price has dropped to as low as -51.29% below its one year high. On 01/14/21, the company shares recorded $46.80, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $41.43. The company’s shares have declined by -50.98% in the past year. The 50-day SMA achieved is $43.55 while the 200-day SMA is $35.52. Volume dropped to 13.21 million from 16.31 million in the previous session.
UAL Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 43.89 level, and in case of violation of this particular level, it will cause more drop to 43.19 level. On the upper level, 47.39 is still the key resistance. The stock may increase to the subsequent resistance at 46.68. The Relative Strength Index (RSI) pinned on the 14-day chart is 49.45, implying a neutral technical stance while the MACD stands at 1.13, meaning price will increase in the next trading period. Percent R indicator moved to 54.19%, implying low price movement. Stochastic %K at 74.76% suggest holding the stock.
Is United Airlines Holdings Inc. [NASDAQ:UAL] a Good Buy Right Now?
It should be noted that UAL technical indicators for short, intermediate as well as long term progress have placed an overall average of 88% as Buy. The average signal changed from 72% Buy in the last week and compares with 100% Buy in the past month. Data from United Airlines Holdings Inc.’s Trend Spotter indicated that the signals were Strongest. The stock current average is 12.7 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 18.21 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 21.98 million shares.
What is the short interest in United Airlines Holdings Inc.?
Short interest in the United Airlines Holdings Inc. stock has surged, increasing by 1.85 million shares to total 13.75 million shares on Dec 30, 2020. The interest had seen shares on Nov 29, 2020 stand at 15.6 million, data from Yahoo Finance shows. The decrease of -13.45% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 5.41% of the overall float for the stock.
United Airlines Holdings Inc.’s Biggest Shareholders: Who Owns United Airlines Holdings Inc. [UAL]?
Filings by PRIMECAP Management Co. showed that the firm now holds a total of 28,882,160 shares or roughly 9.87% of the outstanding UAL shares. This means their shares have reduced by -415,640 from the 28,882,160 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $1,232,347,897. Details in the latest 13F filings reveal that BlackRock Fund Advisors acquired their 11.29% stake valued at $572,480,961 while SSgA Funds Management, Inc. added theirs at $381,110,523. During the last quarter, BlackRock Fund Advisors raised 1,342,858 of its shares in United Airlines Holdings Inc. while SSgA Funds Management, Inc. bought 980,766 shares. The PAR Capital Management, Inc.’s holdings currently number 7,638,291 shares at $335244591.99. According to the firm’s last 13F report, Geode Capital Management LLC shares in the company at filing stood at 4,871,814 shares, roughly $210,705,956.
What are analyst thoughts on United Airlines Holdings Inc.?
Looking forward to the United Airlines Holdings Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for United Airlines Holdings Inc. stock at $45.00 within the next 12 months, which represents almost 2.47 per cent growth from its previous closing price of $43.89. The highest analysts’ target for United Airlines Holdings Inc. stock projections is $69.00 and the lowest one is $32.00. Still, 23 analysts sharing their consensus rating for UAL stock in 2021 agree that it is a Hold.