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Compared to Estimates, American Airlines (AAL) Q2 Earnings: A Look at Key Metrics
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American Airlines (AAL - Free Report) reported $14.06 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 4.7%. EPS of $1.92 for the same period compares to $0.76 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $13.74 billion, representing a surprise of +2.32%. The company delivered an EPS surprise of +21.52%, with the consensus EPS estimate being $1.58.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how American Airlines performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Operating cost per ASM excluding net special items and fuel - Total: 13.16 cents versus 13.26 cents estimated by four analysts on average.
Operating cost per ASM excluding net special items - Total: 17.06 cents versus the four-analyst average estimate of 17.35 cents.
Passenger load factor (percent) - Total: 86.2% compared to the 84.5% average estimate based on four analysts.
Average aircraft fuel price including related taxes - Total: 2.62 $/gal versus 2.65 $/gal estimated by four analysts on average.
Passenger revenue per ASM - Total: 18.63 cents compared to the 18.03 cents average estimate based on four analysts.
Total revenue per ASM - Total: 20.18 cents compared to the 19.77 cents average estimate based on four analysts.
Available seat miles - Total: 69658 million versus the four-analyst average estimate of 69138.45 million.
Yield - Total: 21.62 cents versus 21.46 cents estimated by three analysts on average.
Fuel consumption - Total: 1041 MGal compared to the 1054.41 MGal average estimate based on three analysts.
Revenue- Passenger: $12.98 billion versus $12.47 billion estimated by five analysts on average.
Revenue- Other: $880 million versus the four-analyst average estimate of $861.05 million. The reported number represents a year-over-year change of +1%.
Revenue- Cargo: $197 million versus the four-analyst average estimate of $271.25 million. The reported number represents a year-over-year change of -39.9%.
Shares of American Airlines have returned +14.1% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, American Airlines (AAL) Q2 Earnings: A Look at Key Metrics
American Airlines (AAL - Free Report) reported $14.06 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 4.7%. EPS of $1.92 for the same period compares to $0.76 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $13.74 billion, representing a surprise of +2.32%. The company delivered an EPS surprise of +21.52%, with the consensus EPS estimate being $1.58.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how American Airlines performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Operating cost per ASM excluding net special items and fuel - Total: 13.16 cents versus 13.26 cents estimated by four analysts on average.
- Operating cost per ASM excluding net special items - Total: 17.06 cents versus the four-analyst average estimate of 17.35 cents.
- Passenger load factor (percent) - Total: 86.2% compared to the 84.5% average estimate based on four analysts.
- Average aircraft fuel price including related taxes - Total: 2.62 $/gal versus 2.65 $/gal estimated by four analysts on average.
- Passenger revenue per ASM - Total: 18.63 cents compared to the 18.03 cents average estimate based on four analysts.
- Total revenue per ASM - Total: 20.18 cents compared to the 19.77 cents average estimate based on four analysts.
- Available seat miles - Total: 69658 million versus the four-analyst average estimate of 69138.45 million.
- Yield - Total: 21.62 cents versus 21.46 cents estimated by three analysts on average.
- Fuel consumption - Total: 1041 MGal compared to the 1054.41 MGal average estimate based on three analysts.
- Revenue- Passenger: $12.98 billion versus $12.47 billion estimated by five analysts on average.
- Revenue- Other: $880 million versus the four-analyst average estimate of $861.05 million. The reported number represents a year-over-year change of +1%.
- Revenue- Cargo: $197 million versus the four-analyst average estimate of $271.25 million. The reported number represents a year-over-year change of -39.9%.
View all Key Company Metrics for American Airlines here>>>Shares of American Airlines have returned +14.1% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.