United Continental Holdings (UAL) is expected to report Q2 earnings Thursday, July 21 before the market open, with a conference call scheduled for 10:30 am ET.
Analysts are looking for EPS of $1.47 on revenue of $9.72B. The consensus range is wide at $1.35-$1.99 for EPS, and $9.64B-$9.96B for revenue, according to First Call. United recently merged with Continental and this will be the second earnings report for the combined firm. Recent traffic figures have been weak, with May and June results down 0.3% and 0.9% respectively. Sentiment on the street has been positive.
On June 8, Soleil raised its target price to $39 from $36 and maintained a Buy rating on the stock. They cited better than expected May revenues. Despite this, the shares have fallen approximately 25% since late May, moving from $27 to around $20. They are currently approaching their 52-week low of $19.08