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American Airlines (AAL) Stock Surges 9.71% on Rosy Q4 View
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Shares of American Airlines (AAL - Free Report) gained 9.71% on Jan 12, closing the trading session at $16.83. The uptick was owing to the bullish guidance issued by the management for the fourth quarter of 2022, driven by upbeat air-travel demand. Detailed results will be out on Jan 26, 2023.
American Airlines now anticipates fourth-quarter 2022 earnings per share in the $1.12-$1.17 range (prior view: $0.50-$0.70). The Zacks Consensus Estimate for the same is currently pegged at 60 cents per share.
Adjusted operating margin is now anticipated in the range of 10.25%-10.5% (prior view: 5.5-7.5%). Revenues are now expected to register 16-17% growth (prior view: 11-13% growth rate).
Average fuel cost per gallon in fourth-quarter 2022 is expected in the $3.47-$3.52 band (prior view: $3.51-$3.56 band). Fuel gallon consumption is expected to be $979 million (prior view: $990 million).
Fourth quarter total revenue per available seat mile is expected to be up almost 24% versus the fourth quarterof 2019 (prior view: up 18-20%). Consolidated operating costs per available seat mile (CASM: excluding fuel and special items) are expected to be up almost 10% (prior view: up 8-10%).
American Airlines expects system capacity for the December quarter to decline 6.1% (prior view: down 5-7%) from the figure reported in fourth-quarter 2019.
Driven by the buoyant air-travel demand, shares of American Airlines have gained 18.1% over the past six months, outperforming 17.3% growth of the industry it belongs to.
Image Source: Zacks Investment Research
Zacks Rank Other Stocks to Consider
American Airlines currently carries a Zacks Rank #2 (Buy)
Some other top-ranked stocks from the broader Zacks Transportation sector are Teekay Tankers Ltd. (TNK - Free Report) ) and Gol Linhas Aereas Inteligentes S.A. . Teekay Tankers presently sports a Zacks Rank #1(Strong Buy), while Gol Linhas currently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
The Zacks Consensus Estimate for AAL’s current-year earnings has improved 19.3% over the past 90 days. Shares of AAL have gained 18.1% over the past six months.
Teekay Tankers has an expected earnings growth rate of 143.11% for the current year. TNK delivered a trailing four-quarter earnings surprise of 42.23%, on average. Teekay Tankers has a long-term expected growth rate of 3%.
The Zacks Consensus Estimate for TNK’s current-year earnings has improved more than 100% over the past 90 days. Shares of TNK have soared 63% over the past six months.
Gol Linhas has an expected earnings growth rate of 50.9% for the current year.
Shares of GOL have gained 13.7% over the past six months.
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American Airlines (AAL) Stock Surges 9.71% on Rosy Q4 View
Shares of American Airlines (AAL - Free Report) gained 9.71% on Jan 12, closing the trading session at $16.83. The uptick was owing to the bullish guidance issued by the management for the fourth quarter of 2022, driven by upbeat air-travel demand. Detailed results will be out on Jan 26, 2023.
American Airlines now anticipates fourth-quarter 2022 earnings per share in the $1.12-$1.17 range (prior view: $0.50-$0.70). The Zacks Consensus Estimate for the same is currently pegged at 60 cents per share.
Adjusted operating margin is now anticipated in the range of 10.25%-10.5% (prior view: 5.5-7.5%). Revenues are now expected to register 16-17% growth (prior view: 11-13% growth rate).
Average fuel cost per gallon in fourth-quarter 2022 is expected in the $3.47-$3.52 band (prior view: $3.51-$3.56 band). Fuel gallon consumption is expected to be $979 million (prior view: $990 million).
Fourth quarter total revenue per available seat mile is expected to be up almost 24% versus the fourth quarterof 2019 (prior view: up 18-20%). Consolidated operating costs per available seat mile (CASM: excluding fuel and special items) are expected to be up almost 10% (prior view: up 8-10%).
American Airlines expects system capacity for the December quarter to decline 6.1% (prior view: down 5-7%) from the figure reported in fourth-quarter 2019.
Driven by the buoyant air-travel demand, shares of American Airlines have gained 18.1% over the past six months, outperforming 17.3% growth of the industry it belongs to.
Image Source: Zacks Investment Research
Zacks Rank Other Stocks to Consider
American Airlines currently carries a Zacks Rank #2 (Buy)
Some other top-ranked stocks from the broader Zacks Transportation sector are Teekay Tankers Ltd. (TNK - Free Report) ) and Gol Linhas Aereas Inteligentes S.A. . Teekay Tankers presently sports a Zacks Rank #1(Strong Buy), while Gol Linhas currently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
The Zacks Consensus Estimate for AAL’s current-year earnings has improved 19.3% over the past 90 days. Shares of AAL have gained 18.1% over the past six months.
Teekay Tankers has an expected earnings growth rate of 143.11% for the current year. TNK delivered a trailing four-quarter earnings surprise of 42.23%, on average. Teekay Tankers has a long-term expected growth rate of 3%.
The Zacks Consensus Estimate for TNK’s current-year earnings has improved more than 100% over the past 90 days. Shares of TNK have soared 63% over the past six months.
Gol Linhas has an expected earnings growth rate of 50.9% for the current year.
Shares of GOL have gained 13.7% over the past six months.