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American Airlines (AAL) Stock Sinks As Market Gains: What You Should Know
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American Airlines (AAL - Free Report) closed at $17.89 in the latest trading session, marking a -0.22% move from the prior day. This change lagged the S&P 500's 2.07% gain on the day. Meanwhile, the Dow gained 1.4%, and the Nasdaq, a tech-heavy index, added 0.49%.
Prior to today's trading, shares of the world's largest airline had lost 19.42% over the past month. This has lagged the Transportation sector's loss of 3.19% and the S&P 500's loss of 2.08% in that time.
American Airlines will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of -$1.72, up 55.44% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $9.09 billion, up 125.79% from the year-ago period.
AAL's full-year Zacks Consensus Estimates are calling for earnings of -$8.65 per share and revenue of $29.55 billion. These results would represent year-over-year changes of +56% and +70.46%, respectively.
It is also important to note the recent changes to analyst estimates for American Airlines. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. Within the past 30 days, our consensus EPS projection has moved 0.09% lower. American Airlines is currently sporting a Zacks Rank of #3 (Hold).
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 235, which puts it in the bottom 8% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
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) Stock Sinks As Market Gains: What You Should Know
American Airlines (AAL - Free Report) closed at $17.89 in the latest trading session, marking a -0.22% move from the prior day. This change lagged the S&P 500's 2.07% gain on the day. Meanwhile, the Dow gained 1.4%, and the Nasdaq, a tech-heavy index, added 0.49%.
Prior to today's trading, shares of the world's largest airline had lost 19.42% over the past month. This has lagged the Transportation sector's loss of 3.19% and the S&P 500's loss of 2.08% in that time.
American Airlines will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of -$1.72, up 55.44% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $9.09 billion, up 125.79% from the year-ago period.
AAL's full-year Zacks Consensus Estimates are calling for earnings of -$8.65 per share and revenue of $29.55 billion. These results would represent year-over-year changes of +56% and +70.46%, respectively.
It is also important to note the recent changes to analyst estimates for American Airlines. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. Within the past 30 days, our consensus EPS projection has moved 0.09% lower. American Airlines is currently sporting a Zacks Rank of #3 (Hold).
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 235, which puts it in the bottom 8% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.