|Bid||88.79 x 1200|
|Ask||88.79 x 800|
|Day's Range||86.16 - 89.48|
|52 Week Range||56.51 - 91.39|
|Beta (3Y Monthly)||1.43|
|PE Ratio (TTM)||12.47|
|Earnings Date||Oct 16, 2018 - Oct 22, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||95.23|
United Continental had an upbeat earnings report and the Big Three legacy airlines were upgraded by Deutsche Bank.
Booming travel demand is enabling United to raise fares even as it beefs up flights at major hubs. United also is making progress in enhancing premium offerings and wooing budget travelers with cheaper “basic economy” fares that offer fewer amenities. The airline’s string of positive results “appears supportive of the elevated growth strategy in contrast to our fears,” Raymond James Financial Inc. analyst Savanthi Syth wrote Wednesday in a note to clients.
With new Housing Starts, Building Permits and Mortgage Application data, we continue to collect new Q3 earnings results, particularly from UAL, ABT and USB.
United shares surged Wednesday after the third-largest U.S. carrier raised its profit outlook for the year on higher fuel costs.
United raised its profit outlook for the year to a range of $8 to $8.75 from $7.25 to $8.75 a share. The airline says it is offsetting most of the increase in fuel prices with higher ticket prices, more demand. United is the third-largest U.S. airline.
Strong passenger revenues aid United Continental's (UAL) third-quarter top line. The earnings guidance for full-year 2018 is also encouraging.
Here are some of the companies with shares expected to trade actively in Wednesday’s session. Stock movements noted by ticker reflect movements during regular trading hours; premarket trading is specified separately.
Sometimes the market needs a breather. Stocks were trading lower one day after all three major stock market indexes powered steadily higher on earnings reports.
Check out the companies making headlines before the bell: Netflix NFLX – Netflix reported quarterly profit of 89 cents per share , easily beating the consensus estimate of 68 cents a share. Revenue was in line with Street forecasts, and the important metric of net subscriber additions was well above analysts' expectations for the video streaming service.
Linenberg raised his ratings on Delta Air Lines, United Continental and American Airlines from holds after both Delta and United showed third-quarter fuel recapture rates of 85 percent and 100 percent respectively, “far better than even our most optimistic projections,” he wrote. The analyst, who downgraded the airline stocks in July, added that strong passenger demand in the U.S. and in transatlantic markets is supporting the internal levers airlines can use to manage fuel costs.
United Continental Holdings Inc. boosted its profit outlook for the year as higher fares and cost cuts offset surging fuel prices in the third quarter. The No. 3 U.S. carrier by traffic said Tuesday that growth at hubs in Chicago, Denver and Houston helped fuel a 6.1% increase in passenger-unit revenue, exceeding the 4%-to-6% increase United had forecast. The carrier raised the midpoint of its profit outlook for all of 2018 for a third time this year.
It's that time again! "Mad Money" host Jim Cramer rang the lightning round bell, which means he gave his take on callers' favorite stocks at rapid speed. BlackRock Inc. BLK : "The stock got hit today, down $18. Kratos Defense & Security Solutions Inc. KTOS : "No. This stock is up too much.
Jim Cramer flies through his take on callers' favorite stocks, including that of a money management giant run by the reputable Larry Fink.
United (UAL) delivered earnings and revenue surprises of -0.97% and 0.43%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
United Airlines (:UAL.N) posted solid third-quarter profit on Tuesday and raised its 2018 outlook for the third time this year, helped by its strategy to add flights at three mid-continent U.S. hubs: Chicago, Denver and Houston. The growth, coupled with tighter cost control and higher ticket prices and fees, have helped the Chicago-based carrier counter a surge in crude oil prices. United earned $3.13 per share, excluding the impact of tropical storms, which the carrier said diluted earnings per share by about 7 cents in the quarter.
Analysts had projected just 673,800 and 4.46 million, respectively, according to FactSet consensus estimates. The company also posted adjusted earnings per share of 89 cents. Analysts polled by Refinitiv had expected earnings per share of $3.40 on $19.10 billion in revenue.
United is the third-largest U.S. airline. United executives will hold a call with analysts at 10:30 a.m. ET on Wednesday. Shares of United Airlines' parent company rose more than 5 percent in aftermarket trading after it posted results Tuesday for the quarter that closed Sept. 30.
United's net income during the third quarter, which included the peak summer travel season, surged 29.6 percent from a year ago on strong travel demand and higher airfares.
In the past, deep dives for the carrier’s volatile shares have been good buying opportunities, research shows.
Profits could take a back seat as the market’s gimlet eye likely will be more focused on what the company reports about jet fuel costs, which are up about 24% year to date.
American Airlines entered its first burger contest at a New York food festival but the New York Mets took the crown. American used the event to promote the signature item on the menu at its first-class lounge ar New York's John F. Kennedy International Airport. The airline is one of several that has scrambled to improve food for high-paying travelers.
The largest ultra-low-cost carrier in the United States is poised to post a strong increase in unit revenue and profit for the third quarter of 2018.