FMP
Jul 18, 2024 12:30 PM - Davit Kirakosyan
Image credit: FMP
United Airlines (NASDAQ:UAL) reported disappointing Q2 results on Wednesday, with both revenue and forward guidance falling short of Wall Street expectations due to weakening demand for air travel.
The airline posted adjusted EPS of $4.14 on revenue totaling $14.99 billion. This performance missed analyst forecasts, which had projected EPS of $3.98 on revenue of $15.11 billion.
The dip in revenue comes at a challenging period for the airline sector. Various U.S. airlines have recently indicated that this summer and mid-August could mark a critical juncture.
United's cost per available seat mile (CASM) decreased by 4.8% in Q2 compared to the same period last year, reflecting some operational efficiencies.
Looking forward, United Airlines provided Q3 guidance, forecasting adjusted EPS between $2.75 and $3.25, which is below the Street estimate of $3.59. For the full year, United Airlines anticipates adjusted EPS to be in the range of $9.00 to $11.00.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 16, 2024 8:06 PM - Gordon Thompson
On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...