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American Airlines (AAL) Declines More Than Market: Some Information for Investors
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In the latest close session, American Airlines (AAL - Free Report) was down 2.52% at $12.77. This change lagged the S&P 500's daily loss of 0.45%. On the other hand, the Dow registered a loss of 0.63%, and the technology-centric Nasdaq decreased by 0.78%.
Shares of the world's largest airline have depreciated by 9.22% over the course of the past month, underperforming the Transportation sector's loss of 4.89%, and the S&P 500's loss of 1.99%.
Market participants will be closely following the financial results of American Airlines in its upcoming release. The company is forecasted to report an EPS of -$0.32, showcasing a 88.24% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $16.12 billion, indicating a 17.77% growth compared to the corresponding quarter of the prior year.
AAL's full-year Zacks Consensus Estimates are calling for earnings of -$0.16 per share and revenue of $62.99 billion. These results would represent year-over-year changes of -144.44% and +15.3%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for American Airlines. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. The Zacks Consensus EPS estimate has moved 637.13% lower within the past month. American Airlines is currently sporting a Zacks Rank of #3 (Hold).
The Transportation - Airline industry is part of the Transportation sector. With its current Zacks Industry Rank of 216, this industry ranks in the bottom 13% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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American Airlines (AAL) Declines More Than Market: Some Information for Investors
In the latest close session, American Airlines (AAL - Free Report) was down 2.52% at $12.77. This change lagged the S&P 500's daily loss of 0.45%. On the other hand, the Dow registered a loss of 0.63%, and the technology-centric Nasdaq decreased by 0.78%.
Shares of the world's largest airline have depreciated by 9.22% over the course of the past month, underperforming the Transportation sector's loss of 4.89%, and the S&P 500's loss of 1.99%.
Market participants will be closely following the financial results of American Airlines in its upcoming release. The company is forecasted to report an EPS of -$0.32, showcasing a 88.24% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $16.12 billion, indicating a 17.77% growth compared to the corresponding quarter of the prior year.
AAL's full-year Zacks Consensus Estimates are calling for earnings of -$0.16 per share and revenue of $62.99 billion. These results would represent year-over-year changes of -144.44% and +15.3%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for American Airlines. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. The Zacks Consensus EPS estimate has moved 637.13% lower within the past month. American Airlines is currently sporting a Zacks Rank of #3 (Hold).
The Transportation - Airline industry is part of the Transportation sector. With its current Zacks Industry Rank of 216, this industry ranks in the bottom 13% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.