Earnings Preview: United Continental Holdings

| About: United Continental (UAL)

United Continental Holdings (NYSE:UAL) is expected to report Q1 earnings Thursday, April 26 before the market open, with a conference call scheduled for 11:00 am ET.


Analysts are looking for EPS of ($1.03) on revenue of $8.58B. The consensus range is wide at ($1.30)-(7c) for EPS, and $8.54B-$8.64B for revenue, according to First Call. The company posted mixed Q4 results, beating EPS and narrowly missing revenue estimates. On its conference call, management expected 2012 core passenger demand to "remain stable," but said cost pressures would persist. Quarterly traffic figures have been mixed, with January down 3.2%, but February and March up 3.4% and 1%, respectively. On March 13, CEO Jeffery Smisek said he was comfortable with bookings for March, and that overall business was "doing well." The shares have traded in a choppy pattern since late January, approaching 52-week highs in early February, then falling 20% into mid-March. They have rallied approximately 15% since then and currently sit at approximately the same level as they did prior to the release of Q4 results three months ago.

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