United Airlines Holdings (UAL) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Adjusted EPS
- $2.54
- Estimate
- $2.57
- Surprise
- -1.3%
- Score at report (before → after)
- 5.7 → 5.7/10
Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.
How the report landed
United Airlines Holdings (UAL) missed the $2.57 estimate with adjusted EPS of $2.54 — a modest 1.3% shortfall. TrendMatrix's engine moved from Buy (Wait) (5.7/10) to Sell at 5.7/10 after the report.
Coverage in the report window
- UPDATE: United Airlines Holdings Sees Q4 Adj EPS $0.50-$1.50 vs $1.92 Est; Q4 Revenue expected to be more than $18.476B — benzinga, 2026-10-20
Where TrendMatrix's rating stands now
TrendMatrix currently rates UAL Sell at 5.7/10.
3 of the last 4 quarters beat the estimate; this quarter's -1.3% surprise compares with a +5.4% four-quarter average.
What supports the rating
- Strong earnings beat streak (3/4)
- Attractive valuation
What argues against it
- Concentration risk — Supplier: Boeing and Airbus
- Concentration risk — Hedge Coverage: fuel hedge (0.0%)
- V7 low-quality RISK_OFF penalty: -0.5 (Q=4.1)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $97.77
- Price target
- $137.15
- Stop
- $91.70
- Upside to target
- +40.3%
- Reward-to-risk
- 4.7:1
At 9.0× trailing and 7.8× forward earnings, consensus estimates imply little change in earnings power.
Risk check: RSI 27 — a level conventionally read as oversold; trading volume is running 1.6× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-10-21 — shown for context, not personalized investment advice.
UAL at TrendMatrix's latest read
Industrial quarters are order-book stories — backlog and book-to-bill color how the market reads the reported number.
- Industry
- Airlines
- Market cap
- $31.73B
- P/E (fwd)
- 7.8
- P/E (ttm)
- 9.0
- 52-week range
- $84.64–$138.77
- Off 52-week high
- 29.5%
- RSI (14)
- 27
- Volume vs avg
- 1.60×
- Score today
- 5.7/10