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.
Read Also: Jim Cramer Says Earnings Season Will Fuel Market’s Record Run, But Warns Of This ‘Horrendous’ Headwind That Could Apply Brakes To Rally
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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