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American Airlines (AAL) Dips More Than Broader Market: What You Should Know
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American Airlines (AAL - Free Report) ended the recent trading session at $12.91, demonstrating a -1.68% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.58%. On the other hand, the Dow registered a loss of 1.18%, and the technology-centric Nasdaq decreased by 0.32%.
Shares of the world's largest airline witnessed a loss of 12.47% over the previous month, trailing the performance of the Transportation sector with its loss of 3.23%, and the S&P 500's loss of 0.36%.
The investment community will be paying close attention to the earnings performance of American Airlines in its upcoming release. On that day, American Airlines is projected to report earnings of -$0.32 per share, which would represent a year-over-year decline of 88.24%. Alongside, our most recent consensus estimate is anticipating revenue of $16.12 billion, indicating a 17.77% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.16 per share and revenue of $62.99 billion, which would represent changes of -144.44% and +15.3%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for American Airlines. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 977.7% 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 bearing a Zacks Industry Rank of 209, finds itself in the bottom 16% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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) Dips More Than Broader Market: What You Should Know
American Airlines (AAL - Free Report) ended the recent trading session at $12.91, demonstrating a -1.68% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.58%. On the other hand, the Dow registered a loss of 1.18%, and the technology-centric Nasdaq decreased by 0.32%.
Shares of the world's largest airline witnessed a loss of 12.47% over the previous month, trailing the performance of the Transportation sector with its loss of 3.23%, and the S&P 500's loss of 0.36%.
The investment community will be paying close attention to the earnings performance of American Airlines in its upcoming release. On that day, American Airlines is projected to report earnings of -$0.32 per share, which would represent a year-over-year decline of 88.24%. Alongside, our most recent consensus estimate is anticipating revenue of $16.12 billion, indicating a 17.77% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.16 per share and revenue of $62.99 billion, which would represent changes of -144.44% and +15.3%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for American Airlines. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 977.7% 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 bearing a Zacks Industry Rank of 209, finds itself in the bottom 16% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.