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American Airlines (AAL) Gains As Market Dips: What You Should Know
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In the latest trading session, American Airlines (AAL - Free Report) closed at $20.35, marking a +0.2% move from the previous day. This move outpaced the S&P 500's daily loss of 0.86%.
Coming into today, shares of the world's largest airline had lost 14.84% in the past month. In that same time, the Transportation sector lost 2.47%, while the S&P 500 gained 3.22%.
Investors will be hoping for strength from AAL as it approaches its next earnings release. In that report, analysts expect AAL to post earnings of -$2.45 per share. This would mark year-over-year growth of 68.67%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.15 billion, up 340.84% from the year-ago period.
AAL's full-year Zacks Consensus Estimates are calling for earnings of -$8.74 per share and revenue of $28.13 billion. These results would represent year-over-year changes of +55.54% and +62.27%, respectively.
It is also important to note the recent changes to analyst estimates for AAL. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 0.03% lower. AAL is holding a Zacks Rank of #3 (Hold) right now.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 230, putting it in the bottom 10% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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American Airlines (AAL) Gains As Market Dips: What You Should Know
In the latest trading session, American Airlines (AAL - Free Report) closed at $20.35, marking a +0.2% move from the previous day. This move outpaced the S&P 500's daily loss of 0.86%.
Coming into today, shares of the world's largest airline had lost 14.84% in the past month. In that same time, the Transportation sector lost 2.47%, while the S&P 500 gained 3.22%.
Investors will be hoping for strength from AAL as it approaches its next earnings release. In that report, analysts expect AAL to post earnings of -$2.45 per share. This would mark year-over-year growth of 68.67%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.15 billion, up 340.84% from the year-ago period.
AAL's full-year Zacks Consensus Estimates are calling for earnings of -$8.74 per share and revenue of $28.13 billion. These results would represent year-over-year changes of +55.54% and +62.27%, respectively.
It is also important to note the recent changes to analyst estimates for AAL. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 0.03% lower. AAL is holding a Zacks Rank of #3 (Hold) right now.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 230, putting it in the bottom 10% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.