United Continental Holdings (NYSE:UAL) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
United Continental Holdings Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.98 in the quarter versus EPS of $-0.87 in the year-earlier quarter.
Revenue: Rose 1.38% to $8.72 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: United Continental Holdings reported adjusted EPS loss of $0.98 per share. By that measure, the company beat the mean analyst estimate of $-1.09. It beat the average revenue estimate of $8.69 billion.
Quoting Management: “Our co-workers pulled together in the first quarter to significantly improve our operational performance and customer service despite challenging weather and high load factors, and I want to thank them for their hard work,” said Jeff Smisek, chairman, president and chief executive officer. “Although this was a difficult quarter financially, I’m very proud of our team.”
Key Stats (on next page)…
Revenue increased 0.22% from $8.7 billion in the previous quarter. EPS decreased to $-0.98 in the quarter versus EPS of $-0.58 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.89 to a profit $1.99. For the current year, the average estimate has moved down from a profit of $3.79 to a profit of $3.78 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)