Zacks: Brokerages Anticipate Wheels Up Experience Inc. (NYSE:UP) to Post -$0.25 EPS

Wall Street brokerages forecast that Wheels Up Experience Inc. (NYSE:UPGet Rating) will announce earnings of ($0.25) per share for the current quarter, according to Zacks. Three analysts have provided estimates for Wheels Up Experience’s earnings, with the highest EPS estimate coming in at ($0.14) and the lowest estimate coming in at ($0.31). The company is expected to report its next earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Wheels Up Experience will report full-year earnings of ($0.88) per share for the current year, with EPS estimates ranging from ($1.07) to ($0.51). For the next year, analysts expect that the firm will post earnings of ($0.57) per share, with EPS estimates ranging from ($0.84) to ($0.30). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Wheels Up Experience.

Wheels Up Experience (NYSE:UPGet Rating) last announced its earnings results on Thursday, March 10th. The company reported ($0.29) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.05). The company had revenue of $345.04 million during the quarter, compared to analysts’ expectations of $280.17 million.

Several research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Wheels Up Experience from a “sell” rating to a “hold” rating in a research report on Friday, March 25th. Credit Suisse Group lowered their price objective on shares of Wheels Up Experience from $11.00 to $8.50 and set an “outperform” rating on the stock in a research report on Friday, March 11th. Raymond James lowered their price objective on shares of Wheels Up Experience from $9.00 to $6.00 and set an “outperform” rating on the stock in a research report on Friday, March 11th. BTIG Research lowered their price objective on shares of Wheels Up Experience from $10.00 to $9.00 in a research report on Tuesday, January 18th. Finally, Wolfe Research assumed coverage on shares of Wheels Up Experience in a research report on Wednesday, February 16th. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Wheels Up Experience currently has a consensus rating of “Hold” and a consensus target price of $10.06.

Several large investors have recently modified their holdings of UP. Delta Air Lines Inc. acquired a new stake in shares of Wheels Up Experience during the 4th quarter valued at $241,285,000. Franklin Resources Inc. acquired a new stake in shares of Wheels Up Experience in the 3rd quarter valued at $51,575,000. State Street Corp lifted its stake in shares of Wheels Up Experience by 815.4% in the 4th quarter. State Street Corp now owns 5,075,886 shares of the company’s stock valued at $23,552,000 after purchasing an additional 4,521,390 shares during the last quarter. TimesSquare Capital Management LLC acquired a new stake in shares of Wheels Up Experience in the 3rd quarter valued at $18,058,000. Finally, Third Point LLC acquired a new stake in shares of Wheels Up Experience in the 3rd quarter valued at $16,475,000. 33.89% of the stock is owned by institutional investors.

Wheels Up Experience stock opened at $3.03 on Wednesday. Wheels Up Experience has a 1 year low of $2.90 and a 1 year high of $15.00. The firm’s 50 day moving average price is $3.30 and its two-hundred day moving average price is $4.49.

About Wheels Up Experience (Get Rating)

Wheels Up Experience Inc provides private aviation services primarily in the United States. The company offers a suite of products and services, which include multi-tiered membership programs, on-demand flights across various private aircraft cabin categories, aircraft management, retail and wholesale charter, whole aircraft acquisitions and sales, corporate flight solutions, special missions, signature events and experiences, and commercial travel.

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