Citigroup analyst Stephen Trent maintains United Airlines Holdings (NASDAQ:UAL) with a Buy and lowers the price target from $76 to $71.
Citigroup lowers United Airlines Holdings (NASDAQ:UAL) price target from $76 to $71 Read Post »
American Airlines Group (AAL) reported Q3 adjusted earnings Thursday of $0.38 per diluted share, down from $0.69 a year earlier. Analysts polled by Capital IQ expected $0.26. Total operating revenue for the quarter ended Sept. 30 was $13.48 billion, compared with $13.46 billion a year earlier. Analysts surveyed by Capital IQ expected $13.54 billion. For Q4, the airline said it expects break-even adjusted earnings per diluted share. Analysts surveyed by Capital IQ expect earnings of $0.09. For 2023, the company said it now expects adjusted EPS of $2.25 to $2.50 per diluted share, down from its prior outlook of $3 to $3.75. Analysts polled by Capital IQ expect $2.36.
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: NFLX is realizing profitable growth in the video streaming market. We raise our EPS estimates in 2023 by $0.35 to $12.20 and ’24’s by $0.80 to $15.80; NFLX post Q3 2023 at $3.73, a $0.25 consensus beat. We lower our target to $485 from $520 using a forward TEV/EBITDA of 24.2x, well below historic averages. Even with the market dislocation in linear networks, we think NFLX is positioned to drive membership growth, higher revenue, and free cash flow (guidance raised to $6.5B from $5.0B in ’23). NFLX realized 8% Y/Y revenue growth in Q3 and expects to see higher revenue in Q4. We estimate total revenue at $33.6B in ’23 and $38.2B in ’24. By regions, NFLX grew UCAN +4% (44% of total revenue), EMEA +13% (33%),
CFRA Keeps Strong Buy Opinion On Shares Of Netflix, Inc. Read Post »
Oppenheimer analyst Jason Helfstein reiterates Amazon.com (NASDAQ:AMZN) with a Outperform and maintains $170 price target.
Oppenheimer maintains Amazon.com (NASDAQ:AMZN) $170 price target Read Post »
Netflix Guides For Q4 EPS of $2.15 on Revenue of $8.69 Billion, Vs CIQ Analyst Consensus of $2.20/Share on Revenue of $8.76 Billion。
Tesla Posts Q3 EPS of $0.66 on Revenue of $23.35 Billion, Vs CIQ Analyst Consensus of $0.73/Share on Revenue of $24.1 Billion。
Netflix Says Updating FY23 Operating Margin Guidance Forecast To 20%, The High End Of Prior 18% To 20% Forecast。
Netflix Says Updating FY23 Operating Margin Guidance Forecast To 20% Read Post »
Netflix (NFLX) reported Q3 earnings late Wednesday of $3.73 per diluted share, up from $3.10 a year earlier. Analysts polled by Capital IQ expected $3.50 per share. Revenue for the quarter ended Sept. 30 was $8.54 billion, up from $7.93 billion a year earlier. Analysts surveyed by Capital IQ expected $8.54 billion. The streaming giant said its global paid net additions stood at 8.76 million in Q3, compared with 2.41 million a year earlier. Analysts polled by Visible Alpha were expecting 6 million. Netflix said it expects Q4 EPS of $2.15 on revenue of $8.69 billion. Analysts polled by Capital IQ are looking for EPS of $2.24 and revenue of $8.77 billion.
Netflix Q3 Earnings, Revenue Increase; Additions Beat Forecasts Read Post »
United Airlines expects to end FY2024 with a similar level of capacity as seen in FY2023, even though it won’t be a year of capacity growth across the Atlantic, chief commercial officer Andrew Nocella says in a call with analysts. The airline anticipates little to no growth on domestic flying for the 1H, but it does predict a faster-than-expected shake-up in the domestic market, which will lead to an improvement in margins over the medium-to-long-term, CEO Scott Kirby says.
United Airlines Sees Similar Capacity Levels in FY24 Read Post »
United Airlines plans to significantly boost its first class seats offering in the upcoming years as customers think differently about paying higher prices to travel in the midst of an inventory-led environment. The airline seeks to increase its first class seats per departure from 9 in 2019 to 16 by 2027, representing an 80% chief commercial officer Andrew Nocella says in a call with analysts. Six years ago, United Airlines didn’t offer premium products that many of its best customers were willing to pay for, but the company is now making quick progress in correcting this disconnect in its commercial plans, Nocella adds.
United Airlines’ Strategy to Take Advantage of Inflation Read Post »
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: Our 12-month target of $41, down $19, is 4.5x our ’24 EPS estimate (cut to $9.13 from $11.38; ’23 to $9.87 from $11.30), below its peer forward average of 4.9x, which we believe is merited due to its above-peer average floating-rate debt ($11B vs. peer average of ~$3B) and lofty capex needs (~$9B vs. peer average of $4B in ’24). Q2 EPS of $3.65 vs. $2.81 beat consensus by $0.24. Q2 revenues grew ~13 Y/Y. The stock fell ~10% today, which we think is due to rising unit costs (labor and fuel) and the impact of the recent Israeli conflict (2% of total capacity per UAL). In Q3, UAL finalized a labor contract with its pilots (valued at $10B, lifting pay by as much as 40% over
CFRA Keeps Hold Opinion On Shares Of United Airlines Holdings, Inc. Read Post »
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lower our 12-month target by $10 to $300, on a 2025 P/E of 48x, justified by long-term growth expectations. We drop our adjusted EPS estimates by $0.25 to $3.30 for 2023, by $0.50 to $4.75 for 2024, and by $0.95 to $6.25 for 2025. TSLA posted Q3 adjusted EPS of $0.66 vs. $1.05 (-37%), well below the $0.73 consensus. Revenue rose 9% to $23.35B ($790M below consensus) and gross margin contracted 720 bps to 17.9% (10 bps below consensus). Despite the miss, TSLA reiterated 2023 volume guidance of 1.8M units and said that while the Cybertruck is in pilot production, its annual installed Cybertruck production capacity is now in excess of 125K units, which we think should reassure investors concerned about the ramp-up of the highly-anticipated
CFRA Maintains Buy Opinion On Shares Of Tesla, Inc. Read Post »