We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Why American Airlines (AAL) Dipped More Than Broader Market Today
Read MoreHide Full Article
American Airlines (AAL - Free Report) closed the most recent trading day at $13.35, moving -1.91% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.76% for the day. Meanwhile, the Dow lost 0.68%, and the Nasdaq, a tech-heavy index, lost 1.13%.
Prior to today's trading, shares of the world's largest airline had lost 2.44% was narrower than the Transportation sector's loss of 6.27% and lagged the S&P 500's gain of 1.26%.
Analysts and investors alike will be keeping a close eye on the performance of American Airlines in its upcoming earnings disclosure. In that report, analysts expect American Airlines to post earnings of -$0.32 per share. This would mark a year-over-year decline of 88.24%. Meanwhile, the latest consensus estimate predicts the revenue to be $16.12 billion, indicating a 17.77% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.16 per share and a revenue of $62.99 billion, signifying shifts of -144.44% and +15.3%, respectively, from the last 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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the past month, there's been a 3598.81% fall in the Zacks Consensus EPS estimate. Right now, American Airlines possesses a Zacks Rank of #3 (Hold).
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 226, putting it in the bottom 9% of all 250+ industries.
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.
To follow AAL in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Why American Airlines (AAL) Dipped More Than Broader Market Today
American Airlines (AAL - Free Report) closed the most recent trading day at $13.35, moving -1.91% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.76% for the day. Meanwhile, the Dow lost 0.68%, and the Nasdaq, a tech-heavy index, lost 1.13%.
Prior to today's trading, shares of the world's largest airline had lost 2.44% was narrower than the Transportation sector's loss of 6.27% and lagged the S&P 500's gain of 1.26%.
Analysts and investors alike will be keeping a close eye on the performance of American Airlines in its upcoming earnings disclosure. In that report, analysts expect American Airlines to post earnings of -$0.32 per share. This would mark a year-over-year decline of 88.24%. Meanwhile, the latest consensus estimate predicts the revenue to be $16.12 billion, indicating a 17.77% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.16 per share and a revenue of $62.99 billion, signifying shifts of -144.44% and +15.3%, respectively, from the last 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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the past month, there's been a 3598.81% fall in the Zacks Consensus EPS estimate. Right now, American Airlines possesses a Zacks Rank of #3 (Hold).
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 226, putting it in the bottom 9% of all 250+ industries.
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.
To follow AAL in the coming trading sessions, be sure to utilize Zacks.com.