JUMP REPORT
Avg Daily Volume: 2,405,884 Market Cap: 21.91B
Sector: None Short Interest: 7.61
EARNINGS EXPECTATIONS:
THIS QTR: EPS: 4.08/share REV: 11,340/M
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LAST QTR: EPS: .95/share ACTUAL: 1.15/share (BEAT)
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NEXT QTR: EPS: 3.64/share REV: 11,450/M
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FULL YR: EPS: 11.33/share REV: 43,300/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 83% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 5.35, 8.06, 7.3
POTENTIAL JUMP MOVE: 8%
Links To Latest News and Headlines
Moody’s Investors Service (“Moody’s”) affirmed its debt ratings for United Airlines Holdings, Inc. and United Airlines, Inc. (together “United”), including the Ba2 corporate family, Ba2-PD probability of default, Ba1 senior secured and Ba3 senior unsecured. The ratings outlook is negative.
United Airlines Holdings (NASDAQ: UAL) late last week delivered quarterly earnings loaded with near-term pain, with a sprinkle of long-term optimism thrown in. Investors initially focused on the near-term issues, sending shares down on Friday, but on Monday, United shares climbed 5% as the markets digested the airline’s outlook. Airlines still have “12 to 15 months of pain, sacrifice, and difficulty ahead,” CEO Scott Kirby said on a post-earnings call with investors.
Steep losses are on the table for airlines, but Wall Street will be looking to their guidance and signs that they are closing the gap between revenue and cost to reach cash-flow break-even.
United Airlines (UAL) aims to expand operations to 19 popular destinations in Mexico, the Caribbean and Latin America for winter travel.
Shares of air carriers enjoyed broad gains ahead of Monday's open, as data from the Transportation Security Administration showed that the number of daily travelers on Sunday topped the 1 million mark for the first time in mid-March. The U.S. Global Jets ETF rose 1.1% in premarket trading. Among the more active U.S. air carriers, shares of American Airlines Group Inc. [s; aal] advanced 1.1%, United Airlines Holdings Inc. gained 0.4%, Delta Air Lines Inc. tacked on 0.3%, Southwest Airlines Co. rose 0.7%, JetBlue Airways Corp. climbed 0.9% and Spirit Airlines Inc. hiked up 0.9%. TSA throughput data showed that 1,031,505 people went through TSA checkpoints on Sunday, the most since March 16. In comparison, the post-COVID-19 pandemic daily low was 87,534 travelers on April 14. The daily average of travelers for the week ended Sunday was 878,513, the most since the week ended March 15. The Jets ETF has dropped 44.5% year to date through Friday, while the S&P 500 has gained 7.8%.
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