These 5 Companies Just Cut Their Guidance

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In this article, we discuss 5 companies that just cut their guidance. If you want to see more stocks that recently slashed guidance, check out These 10 Companies Just Cut Their Guidance

5. United Airlines Holdings, Inc. (NASDAQ:UAL)

Number of Hedge Fund Holders: 31

United Airlines Holdings, Inc. (NASDAQ:UAL) is a Chicago-based airline that offers air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. On July 21, United Airlines Holdings, Inc. (NASDAQ:UAL)’s CEO announced that the company is in for a rough ride. In Q2, the company’s EPS of $1.43 missed consensus estimates of $1.88. The CEO warned about the industry-wide impact of a recessionary scenario, soaring fuel costs, and operational challenges for the upcoming 6 to 18 months. The company expects Q3 revenue to jump 11% and capacity to plummet 11% compared to Q3 2019, Q4 capacity to drop 10% versus Q4 2019, and 2022 full-year capacity to be down by 13%. 

According to Insider Monkey’s data, 31 hedge funds were bullish on United Airlines Holdings, Inc. (NASDAQ:UAL) at the end of Q1 2022, compared to 35 funds in the prior quarter. PAR Capital Management is one of the leading stakeholders of the company, with 3.10 million shares worth $143.7 million. 

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