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American Airlines (AAL) Registers a Bigger Fall Than the Market: Important Facts to Note
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American Airlines (AAL - Free Report) closed the most recent trading day at $13.38, moving -1.73% from the previous trading session. This change lagged the S&P 500's daily loss of 0.25%. Elsewhere, the Dow saw a downswing of 0.86%, while the tech-heavy Nasdaq appreciated by 0.24%.
Coming into today, shares of the world's largest airline had gained 5.1% in the past month. In that same time, the Transportation sector lost 6.09%, while the S&P 500 lost 0.42%.
The upcoming earnings release of American Airlines will be of great interest to investors. On that day, American Airlines is projected to report earnings of -$0.31 per share, which would represent a year-over-year decline of 82.35%. Meanwhile, our latest consensus estimate is calling for revenue of $16.12 billion, up 17.74% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.25 per share and revenue of $63.03 billion. These totals would mark changes of -169.44% and +15.36%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts 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 suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 60.4% lower. American Airlines currently has a Zacks Rank of #3 (Hold).
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 233, which puts it in the bottom 6% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
View the Zacks #1 Rank List
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American Airlines (AAL) Registers a Bigger Fall Than the Market: Important Facts to Note
American Airlines (AAL - Free Report) closed the most recent trading day at $13.38, moving -1.73% from the previous trading session. This change lagged the S&P 500's daily loss of 0.25%. Elsewhere, the Dow saw a downswing of 0.86%, while the tech-heavy Nasdaq appreciated by 0.24%.
Coming into today, shares of the world's largest airline had gained 5.1% in the past month. In that same time, the Transportation sector lost 6.09%, while the S&P 500 lost 0.42%.
The upcoming earnings release of American Airlines will be of great interest to investors. On that day, American Airlines is projected to report earnings of -$0.31 per share, which would represent a year-over-year decline of 82.35%. Meanwhile, our latest consensus estimate is calling for revenue of $16.12 billion, up 17.74% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.25 per share and revenue of $63.03 billion. These totals would mark changes of -169.44% and +15.36%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts 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 suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 60.4% lower. American Airlines currently has a Zacks Rank of #3 (Hold).
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 233, which puts it in the bottom 6% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.