What To Expect From United Airlines’s (UAL) Q2 Earnings

Airline company United Airlines Holdings (NASDAQ:UAL) will be announcing earnings results this Wednesday afternoon. Here’s what you need to know.

Airline company United Airlines Holdings (NASDAQ:UAL) will be announcing earnings results this Wednesday afternoon. Here's what you need to know. United Airlines beat analysts' revenue expectations last quarter, reporting revenues of $14.61 billion, up 10.6% year on year.

It was a mixed quarter for the company, with a beat of analysts' EPS estimates but a miss of analysts' EBITDA estimates. It reported 63.39 billion revenue passenger miles, up 6.5% year on year. Is United Airlines a buy or sell going into earnings?

Read our full analysis here, it's free for active Edge members. This quarter, the market is expecting United Airlines's revenue to grow 15.6% year on year, improving from the 1.7% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings.

United Airlines has missed Wall Street's revenue estimates multiple times over the last two years. Looking at United Airlines's peers in the consumer discretionary segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Carnival delivered year-on-year revenue growth of 5.3%, meeting analysts' expectations, and Delta reported revenues up 18.7%, topping estimates by 3.9%.

Carnival's stock price was unchanged after the resultswhile Delta was down 2.8%. Read our full analysis of Carnival's results here and Delta's results here. Investors in the consumer discretionary segment have had steady hands going into earnings, with share prices flat over the last month.

United Airlines's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $153.97 (compared to the current share price of $120.89). ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who's building AI, one company is already using it to print money.

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