United Continental Holdings (NASDAQ:UAL) is expected to report Q3 earnings Thursday, October 21 before the market open, with a conference call scheduled for 9:30 am ET.
Guidance
Analysts are looking for EPS of $2.16 on revenue of $5.91B. The consensus range is very wide at $1.92-$2.30 for EPS, and $5.40B-$9.40B for revenue, according to First Call. United recently merged with Continental and this will be the first earnings report for the combined firm. Both companies reported positive traffic results in September with United up 7.6%, and Continental showing a 3.1% rise.
Analyst Views
Recent sentiment on the street has also been positive. On October 15, Citigroup initiated the shares with a Buy rating and a target price of $34. On October 4, both Stifel Nicolaus and Soleil initiated the stock with a Buy with price targets of $40 and $31, respectively.
