United Continental Holdings, Inc. (UAL), a provider of passenger and cargo transportation services, is a company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on UAL’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that United Continental Holdings could be a solid choice for investors.
Current Quarter Estimates for UAL
In the past 30 days, 6 estimates have gone higher for United Continental Holdings with 1 downward revision in the same time period. The trend has been pretty favorable too, with estimates increasing from $1.10 per share 30 days ago, to $1.39 a share today, a move of 26.4%.
Current Year Estimates for UAL
Meanwhile, United Continental Holdings’s current year figures have seen 8 estimates moving higher in the past month, compared to no downward revision. The consensus estimate trend has also seen a boost for this time frame, increasing from $4.48 per share 30 days ago to $5.14 per share today, an increase of 14.7%.
Bottom Line
The stock has also started to move higher lately, adding 5.5% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.
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