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American Airlines (AAL) Dips More Than Broader Markets: What You Should Know
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American Airlines (AAL - Free Report) closed at $13.35 in the latest trading session, marking a -0.82% move from the prior day. This change lagged the S&P 500's daily loss of 0.61%. Meanwhile, the Dow lost 0.42%, and the Nasdaq, a tech-heavy index, added 0.17%.
Heading into today, shares of the world's largest airline had lost 7.87% over the past month, lagging the Transportation sector's gain of 1.39% and the S&P 500's gain of 0.89% in that time.
Investors will be hoping for strength from American Airlines as it approaches its next earnings release. In that report, analysts expect American Airlines to post earnings of $0.57 per share. This would mark year-over-year growth of 140.14%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.72 billion, up 34.9% from the year-ago period.
AAL's full-year Zacks Consensus Estimates are calling for earnings of -$0.18 per share and revenue of $48.49 billion. These results would represent year-over-year changes of +97.85% and +62.28%, respectively.
Any recent changes to analyst estimates for American Airlines should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 5.2% higher. American Airlines is holding a Zacks Rank of #3 (Hold) right now.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 85, which puts it in the top 34% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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American Airlines (AAL) Dips More Than Broader Markets: What You Should Know
American Airlines (AAL - Free Report) closed at $13.35 in the latest trading session, marking a -0.82% move from the prior day. This change lagged the S&P 500's daily loss of 0.61%. Meanwhile, the Dow lost 0.42%, and the Nasdaq, a tech-heavy index, added 0.17%.
Heading into today, shares of the world's largest airline had lost 7.87% over the past month, lagging the Transportation sector's gain of 1.39% and the S&P 500's gain of 0.89% in that time.
Investors will be hoping for strength from American Airlines as it approaches its next earnings release. In that report, analysts expect American Airlines to post earnings of $0.57 per share. This would mark year-over-year growth of 140.14%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.72 billion, up 34.9% from the year-ago period.
AAL's full-year Zacks Consensus Estimates are calling for earnings of -$0.18 per share and revenue of $48.49 billion. These results would represent year-over-year changes of +97.85% and +62.28%, respectively.
Any recent changes to analyst estimates for American Airlines should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 5.2% higher. American Airlines is holding a Zacks Rank of #3 (Hold) right now.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 85, which puts it in the top 34% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.