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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 the most recent trading day at $12.32, moving -1.68% from the previous trading session. This change lagged the S&P 500's 1.2% loss on the day. Elsewhere, the Dow lost 1.1%, while the tech-heavy Nasdaq lost 2.86%.
Coming into today, shares of the world's largest airline had lost 11.39% in the past month. In that same time, the Transportation sector lost 3.21%, while the S&P 500 lost 4.77%.
American Airlines will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.57, up 140.14% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.72 billion, up 34.9% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.18 per share and revenue of $48.49 billion. These totals would mark changes of +97.85% and +62.28%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for American Airlines. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 5.2% higher within the past month. American Airlines is currently a Zacks Rank #2 (Buy).
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 37, putting it in the top 15% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many 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 the most recent trading day at $12.32, moving -1.68% from the previous trading session. This change lagged the S&P 500's 1.2% loss on the day. Elsewhere, the Dow lost 1.1%, while the tech-heavy Nasdaq lost 2.86%.
Coming into today, shares of the world's largest airline had lost 11.39% in the past month. In that same time, the Transportation sector lost 3.21%, while the S&P 500 lost 4.77%.
American Airlines will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.57, up 140.14% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.72 billion, up 34.9% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.18 per share and revenue of $48.49 billion. These totals would mark changes of +97.85% and +62.28%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for American Airlines. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 5.2% higher within the past month. American Airlines is currently a Zacks Rank #2 (Buy).
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 37, putting it in the top 15% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.