United Airlines Earnings Report Imminent, Investor Expectations High UAL will share its third-quarter earnings on Tuesday after the market closes, drawing considerable attention from investors. Forecasts from Wall Street predict an earnings per share (EPS) of $3.13 and total revenues of $14.78 billion.

Having surged by 60.71% over the past year and 56.02% year-to-date, excitement is palpable regarding UAL’s upcoming performance.

This article examines the current stock trends of United Airlines and compares them against Wall Street’s projections.

UAL Stock Trends Before Q3 Earnings – Strong Yet Potentially Overextended

United Airlines’ stock is exhibiting robust bullish momentum, currently priced at $63.53. The stock trades above essential exponential moving averages (five, 20, and 50-day), indicating sustained buying interest.

Chart created using Benzinga Pro

The price is notably elevated compared to its eight-day ($59.88), 20-day ($56.76), and 50-day ($48.79) simple moving averages, supporting an optimistic outlook. The 200-day SMA at $47.11 also reinforces this positive view as the current price remains well above it.

Chart created using Benzinga Pro

The Moving Average Convergence Divergence (MACD) reading of 3.55 indicates a continuation of upward momentum. However, the Relative Strength Index (RSI) at 79.65 reflects an overbought situation, suggesting investors should tread carefully.

This overbought condition could lead to consolidation or profit-taking in the short term, a factor for investors to keep in mind.

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Current Analyst Recommendations for United Airlines

United Airlines Ratings Overview: Analysts have a consensus rating of Buy for United Airlines stock, with a price target set at $71.37. Recent analyses from firms such as Susquehanna, Jefferies, and TD Cowen indicate an average price target of $75, suggesting a potential 16.55% increase.

As United Airlines gets ready to release its earnings report, investors will be assessing both its financial performance and the stock’s momentum moving forward.

UAL Stock Performance: United Airlines’ stock closed Monday’s trading session at $63.53, reflecting a 2.80% increase.

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