Shares of United Airlines (NASDAQ:UAL) gained in after-hours trading after the company reported earnings for its first quarter of Fiscal Year 2023. Earnings per share came in at -$0.63, which beat analysts’ consensus estimate of -$0.73 per share.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Sales increased by 51% year-over-year, with revenue hitting $11.43 billion. This was essentially a match for analyst expectations.
For the second quarter of 2023, management looks for earnings per share figures between $3.50 and $4.00 per share. Further, for the full year, the company expects earnings between $10 and $12 per share.
Overall, Wall Street has a consensus price target of $60.27 on United Airlines, implying 39.61% upside potential, as indicated by the graphic above.