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American Airlines (AAL) Increases Despite Market Slip: Here's What You Need to Know
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American Airlines (AAL - Free Report) closed the most recent trading day at $15.71, moving +1.62% from the previous trading session. This change outpaced the S&P 500's 0.57% loss on the day. Meanwhile, the Dow experienced a rise of 0.64%, and the technology-dominated Nasdaq saw a decrease of 1.15%.
The world's largest airline's shares have seen an increase of 25.08% over the last month, surpassing the Transportation sector's gain of 7.16% and the S&P 500's gain of 2.14%.
The investment community will be paying close attention to the earnings performance of American Airlines in its upcoming release. The company is forecasted to report an EPS of $0.06, showcasing a 93.68% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $16.68 billion, indicating a 15.88% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.07 per share and revenue of $61.94 billion. These totals would mark changes of -119.44% and +13.38%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for American Airlines. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 62.97% increase. American Airlines currently has a Zacks Rank of #3 (Hold).
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 210, putting it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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American Airlines (AAL) Increases Despite Market Slip: Here's What You Need to Know
American Airlines (AAL - Free Report) closed the most recent trading day at $15.71, moving +1.62% from the previous trading session. This change outpaced the S&P 500's 0.57% loss on the day. Meanwhile, the Dow experienced a rise of 0.64%, and the technology-dominated Nasdaq saw a decrease of 1.15%.
The world's largest airline's shares have seen an increase of 25.08% over the last month, surpassing the Transportation sector's gain of 7.16% and the S&P 500's gain of 2.14%.
The investment community will be paying close attention to the earnings performance of American Airlines in its upcoming release. The company is forecasted to report an EPS of $0.06, showcasing a 93.68% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $16.68 billion, indicating a 15.88% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.07 per share and revenue of $61.94 billion. These totals would mark changes of -119.44% and +13.38%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for American Airlines. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 62.97% increase. American Airlines currently has a Zacks Rank of #3 (Hold).
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 210, putting it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.