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American Airlines (AAL) Beats Stock Market Upswing: What Investors Need to Know
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American Airlines (AAL - Free Report) closed the most recent trading day at $11.81, moving +1.29% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.58%.
Shares of the world's largest airline witnessed a loss of 8.62% over the previous month, trailing the performance of the Transportation sector with its gain of 0.24%, and the S&P 500's gain of 3.68%.
Market participants will be closely following the financial results of American Airlines in its upcoming release. In that report, analysts expect American Airlines to post earnings of -$0.26 per share. This would mark a year-over-year decline of 186.67%. Meanwhile, the latest consensus estimate predicts the revenue to be $13.62 billion, indicating a 0.19% decrease compared to the same quarter of the previous year.
AAL's full-year Zacks Consensus Estimates are calling for earnings of $0.38 per share and revenue of $54.5 billion. These results would represent year-over-year changes of -80.61% and +0.53%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for American Airlines. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 6.59% lower. American Airlines currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that American Airlines has a Forward P/E ratio of 30.63 right now. This represents a premium compared to its industry average Forward P/E of 9.97.
It is also worth noting that AAL currently has a PEG ratio of 3.46. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Transportation - Airline was holding an average PEG ratio of 0.81 at yesterday's closing price.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 184, which puts it in the bottom 26% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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American Airlines (AAL) Beats Stock Market Upswing: What Investors Need to Know
American Airlines (AAL - Free Report) closed the most recent trading day at $11.81, moving +1.29% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.58%.
Shares of the world's largest airline witnessed a loss of 8.62% over the previous month, trailing the performance of the Transportation sector with its gain of 0.24%, and the S&P 500's gain of 3.68%.
Market participants will be closely following the financial results of American Airlines in its upcoming release. In that report, analysts expect American Airlines to post earnings of -$0.26 per share. This would mark a year-over-year decline of 186.67%. Meanwhile, the latest consensus estimate predicts the revenue to be $13.62 billion, indicating a 0.19% decrease compared to the same quarter of the previous year.
AAL's full-year Zacks Consensus Estimates are calling for earnings of $0.38 per share and revenue of $54.5 billion. These results would represent year-over-year changes of -80.61% and +0.53%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for American Airlines. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 6.59% lower. American Airlines currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that American Airlines has a Forward P/E ratio of 30.63 right now. This represents a premium compared to its industry average Forward P/E of 9.97.
It is also worth noting that AAL currently has a PEG ratio of 3.46. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Transportation - Airline was holding an average PEG ratio of 0.81 at yesterday's closing price.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 184, which puts it in the bottom 26% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.