In its upcoming report, United Airlines (UAL) is predicted by Wall Street analysts to post quarterly earnings of $0.80 per share, reflecting an increase of 633.3% compared to the same period last year. Revenues are forecasted to be $13.48 billion, representing a year-over-year increase of 7.5%.

The current level reflects a downward revision of 12% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.

Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.

While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.

In light of this perspective, let's dive into the average estimates of certain United metrics that are commonly tracked and forecasted by Wall Street analysts.

Analysts forecast 'Operating revenue- Passenger revenue' to reach $12.11 billion. The estimate suggests a change of +7.1% year over year.

The collective assessment of analysts points to an estimated 'Operating revenue- Other operating revenue' of $857.49 million. The estimate points to a change of +2.7% from the year-ago quarter.

According to the collective judgment of analysts, 'Operating revenue- Cargo' should come in at $425.38 million. The estimate points to a change of +8.8% from the year-ago quarter.

It is projected by analysts that the 'Passenger load factor - Consolidated' will reach 82.5%. Compared to the present estimate, the company reported 80.1% in the same quarter last year.

The consensus among analysts is that 'Total revenue per available seat mile (TRASM)' will reach 18.01 cents. Compared to the present estimate, the company reported 17.5 cents in the same quarter last year.

Analysts' assessment points toward 'CASM-ex (excluding special charges, third-party business expenses, fuel, and profit sharing)' reaching 13.54 cents. Compared to the present estimate, the company reported 13.13 cents in the same quarter last year.

Analysts predict that the 'ASMs (Available seat miles)' will reach 74.19 billion. Compared to the current estimate, the company reported 71.67 billion in the same quarter of the previous year.

The combined assessment of analysts suggests that 'PRASM (Passenger revenue per available seat mile)' will likely reach 16.30 cents. Compared to the present estimate, the company reported 15.79 cents in the same quarter last year.

The consensus estimate for 'RPMs (Revenue passenger miles)' stands at 61.61 billion. The estimate compares to the year-ago value of 57.43 billion.

The average prediction of analysts places 'Fuel gallons consumed' at 1,061.98 MGal. Compared to the current estimate, the company reported 1,025 MGal in the same quarter of the previous year.

Analysts expect 'Average yield per RPM' to come in at 19.54 cents. Compared to the present estimate, the company reported 19.7 cents in the same quarter last year.

Based on the collective assessment of analysts, 'Cost per ASM (CASM)' should arrive at 17.07 cents. The estimate compares to the year-ago value of 17.36 cents.

View all Key Company Metrics for United here>>>

Over the past month, United shares have recorded returns of -2.3% versus the Zacks S&P 500 composite's -5.3% change. Based on its Zacks Rank #3 (Hold), UAL will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

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