Analysts Offer Predictions for United Airlines Q3 Earnings

Key Points

• United Airlines' Q3 2025 earnings per share (EPS) estimates have been revised upward from $2.54 to $2.62 according to Zacks Research, with a consensus full-year estimate of $12.96 EPS.
• Several research firms, including UBS and Bank of America, have raised their price targets on United Airlines' shares, reflecting positive sentiment with a consensus target price of $111.43.
• The company's recent earnings report showed an EPS of $3.87, beating analyst estimates, while revenue also climbed by 1.4% year-over-year.

United Airlines Holdings Inc (NASDAQ:UAL - Free Report) - Analysts at Zacks Research raised their Q3 2025 earnings estimates for United Airlines in a research report issued to clients and investors on Wednesday, August 6th. Zacks Research analyst M. Basu now expects that the transportation company will post earnings per share of $2.62 for the quarter, up from their prior forecast of $2.54. The consensus estimate for United Airlines' current full-year earnings is $12.96 per share. Zacks Research also issued estimates for United Airlines' Q4 2025 earnings at $2.42 EPS, Q1 2026 earnings at $0.95 EPS, Q2 2026 earnings at $4.04 EPS, Q3 2026 earnings at $4.10 EPS, Q4 2026 earnings at $3.01 EPS, FY2026 earnings at $12.10 EPS, Q1 2027 earnings at $2.43 EPS and FY2027 earnings at $13.25 EPS.

A number of other brokerages have also commented on UAL. Cantor Fitzgerald set a $88.00 price target on shares of United Airlines in a report on Tuesday, April 22nd. Cowen reiterated a "buy" rating on shares of United Airlines in a report on Tuesday, July 15th. Sanford C. Bernstein reiterated an "outperform" rating on shares of United Airlines in a report on Tuesday, May 13th. TD Cowen lifted their price target on shares of United Airlines from $101.00 to $127.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Finally, Barclays reiterated an "overweight" rating and set a $100.00 price target (up previously from $94.00) on shares of United Airlines in a report on Tuesday, July 15th. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $111.43.

United Airlines Price Performance

Shares of NASDAQ UAL traded up $8.58 during midday trading on Friday, reaching $97.91. 8,188,353 shares of the company were exchanged, compared to its average volume of 8,115,376. The stock's 50-day moving average price is $83.87 and its 200-day moving average price is $82.14. The stock has a market cap of $31.70 billion, a P/E ratio of 9.81, a PEG ratio of 1.16 and a beta of 1.48. United Airlines has a one year low of $40.13 and a one year high of $116.00. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 1.56.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.81 by $0.06. The business had revenue of $15.24 billion for the quarter, compared to analysts' expectations of $15.31 billion. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The firm's quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the firm posted $4.14 earnings per share.

Insider Activity

In other news, President Brett J. Hart sold 24,772 shares of the business's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $89.50, for a total transaction of $2,217,094.00. Following the completion of the sale, the president directly owned 283,638 shares of the company's stock, valued at $25,385,601. The trade was a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michelle Freyre sold 900 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $92.13, for a total transaction of $82,917.00. Following the sale, the director directly owned 829 shares of the company's stock, valued at approximately $76,375.77. The trade was a 52.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,672 shares of company stock worth $4,144,411. Company insiders own 0.63% of the company's stock.

Institutional Investors Weigh In On United Airlines

A number of institutional investors have recently added to or reduced their stakes in UAL. Vanguard Group Inc. grew its position in shares of United Airlines by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 37,330,017 shares of the transportation company's stock valued at $2,972,589,000 after acquiring an additional 368,401 shares during the period. Capital International Investors lifted its stake in United Airlines by 6.3% in the 4th quarter. Capital International Investors now owns 21,261,443 shares of the transportation company's stock worth $2,064,825,000 after purchasing an additional 1,257,443 shares in the last quarter. Sanders Capital LLC lifted its stake in United Airlines by 46.4% in the 4th quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company's stock worth $1,344,671,000 after purchasing an additional 4,390,721 shares in the last quarter. Capital World Investors increased its holdings in shares of United Airlines by 22.4% in the 4th quarter. Capital World Investors now owns 9,788,405 shares of the transportation company's stock worth $950,461,000 after buying an additional 1,791,654 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of United Airlines by 1.0% in the 2nd quarter. Geode Capital Management LLC now owns 8,819,876 shares of the transportation company's stock worth $704,994,000 after buying an additional 90,350 shares during the last quarter. 69.69% of the stock is owned by institutional investors.

United Airlines Company Profile

United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, flight academy, and maintenance services for third parties.