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American Airlines Group (AAL) Beats on Q3 Earnings
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American Airlines Group (AAL - Free Report) came into existence following the Dec 2013 merger of AMR (American Airlines' parent group) and US Airways. The Fort Worth, Texas based company serves customers with more than 6,700 daily flights in more than 50 nations across the globe.
American Airlines Group has a healthy track record with respect to earnings. The company has delivered positive earnings surprises in each of the last four quarters, with an average beat of 4.27%.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: American Airlines Group beat on earnings. Adjusted earnings per share came in at $2.80, easily beating the Zacks Consensus Estimate of $1.68. Quarterly earnings increased over 1% on a year over year basis.
Revenue: Revenues of $10,594 million were 1.1% below the year-ago figure. Quarterly revenues edged past the Zacks Consensus Estimate of $10,549 million.
Key Stats: American Airlines Group’s results in the quarter benefited from low fuel costs. However, higher labor costs hurt the bottom line. During the quarter, the company returned $669 million billion to its shareholders through the payment of $53 million in dividends and buyback of shares worth $616. Furthermore, the carrier also declared a dividend of $0.10 per share. The dividend will be paid on Nov 21, 2016, to the shareholders on Nov 7. We are impressed by the company’s efforts to reward shareholders through stock repurchases and dividend payments.
Stock Price: The earnings beat pleased investors. Consequently, shares of the company were up in pre-market trading at the time of writing.
Check back later for our full write up on this American Airlines Group earnings report later!
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American Airlines Group (AAL) Beats on Q3 Earnings
American Airlines Group (AAL - Free Report) came into existence following the Dec 2013 merger of AMR (American Airlines' parent group) and US Airways. The Fort Worth, Texas based company serves customers with more than 6,700 daily flights in more than 50 nations across the globe.
American Airlines Group has a healthy track record with respect to earnings. The company has delivered positive earnings surprises in each of the last four quarters, with an average beat of 4.27%.
Zacks Rank: Currently, American Airlines Group has a Zacks Rank #3 (Hold), but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: American Airlines Group beat on earnings. Adjusted earnings per share came in at $2.80, easily beating the Zacks Consensus Estimate of $1.68. Quarterly earnings increased over 1% on a year over year basis.
AMER AIRLINES Price and EPS Surprise
AMER AIRLINES Price and EPS Surprise | AMER AIRLINES Quote
Revenue: Revenues of $10,594 million were 1.1% below the year-ago figure. Quarterly revenues edged past the Zacks Consensus Estimate of $10,549 million.
Key Stats: American Airlines Group’s results in the quarter benefited from low fuel costs. However, higher labor costs hurt the bottom line. During the quarter, the company returned $669 million billion to its shareholders through the payment of $53 million in dividends and buyback of shares worth $616. Furthermore, the carrier also declared a dividend of $0.10 per share. The dividend will be paid on Nov 21, 2016, to the shareholders on Nov 7. We are impressed by the company’s efforts to reward shareholders through stock repurchases and dividend payments.
Stock Price: The earnings beat pleased investors. Consequently, shares of the company were up in pre-market trading at the time of writing.
Check back later for our full write up on this American Airlines Group earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>