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Exploring Analyst Estimates for American Airlines (AAL) Q3 Earnings, Beyond Revenue and EPS
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Wall Street analysts forecast that American Airlines (AAL - Free Report) will report quarterly loss of -$0.28 per share in its upcoming release, pointing to a year-over-year decline of 64.7%. It is anticipated that revenues will amount to $16.2 billion, exhibiting an increase of 18.3% compared to the year-ago quarter.
The current level reflects a downward revision of 211.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific American Airlines metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus among analysts is that 'Revenue- Passenger' will reach $14.82 billion. The estimate points to a change of +18.8% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Revenue- Other' of $1.21 billion. The estimate indicates a change of +19.8% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenue- Cargo' should come in at $260.97 million. The estimate suggests a change of +23.1% year over year.
The combined assessment of analysts suggests that 'Operating cost per ASM excluding net special items and fuel - Total' will likely reach N/A. The estimate is in contrast to the year-ago figure of N/A.
The average prediction of analysts places 'Operating cost per ASM excluding net special items - Total' at N/A. Compared to the present estimate, the company reported N/A in the same quarter last year.
Analysts' assessment points toward 'Passenger load factor (percent) - Total' reaching 84.4%. The estimate compares to the year-ago value of 86.0%.
Analysts expect 'Passenger revenue per ASM - Total' to come in at N/A. Compared to the present estimate, the company reported N/A in the same quarter last year.
The consensus estimate for 'Total revenue per ASM - Total' stands at N/A. The estimate is in contrast to the year-ago figure of N/A.
Analysts forecast 'Available seat miles - Total' to reach 80.32 billion. The estimate compares to the year-ago value of 77.40 billion.
It is projected by analysts that the 'Yield - Total' will reach N/A. The estimate compares to the year-ago value of N/A.
Analysts predict that the 'Fuel consumption - Total' will reach 1203 millions of gallons. The estimate is in contrast to the year-ago figure of 1169 millions of gallons.
Based on the collective assessment of analysts, 'Revenue passenger miles - Total' should arrive at 67.42 billion. Compared to the current estimate, the company reported 66.58 billion in the same quarter of the previous year.
American Airlines shares have witnessed a change of -8.3% in the past month, in contrast to the Zacks S&P 500 composite's +1.5% move. With a Zacks Rank #4 (Sell), AAL is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Exploring Analyst Estimates for American Airlines (AAL) Q3 Earnings, Beyond Revenue and EPS
Wall Street analysts forecast that American Airlines (AAL - Free Report) will report quarterly loss of -$0.28 per share in its upcoming release, pointing to a year-over-year decline of 64.7%. It is anticipated that revenues will amount to $16.2 billion, exhibiting an increase of 18.3% compared to the year-ago quarter.
The current level reflects a downward revision of 211.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific American Airlines metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus among analysts is that 'Revenue- Passenger' will reach $14.82 billion. The estimate points to a change of +18.8% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Revenue- Other' of $1.21 billion. The estimate indicates a change of +19.8% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenue- Cargo' should come in at $260.97 million. The estimate suggests a change of +23.1% year over year.
The combined assessment of analysts suggests that 'Operating cost per ASM excluding net special items and fuel - Total' will likely reach N/A. The estimate is in contrast to the year-ago figure of N/A.
The average prediction of analysts places 'Operating cost per ASM excluding net special items - Total' at N/A. Compared to the present estimate, the company reported N/A in the same quarter last year.
Analysts' assessment points toward 'Passenger load factor (percent) - Total' reaching 84.4%. The estimate compares to the year-ago value of 86.0%.
Analysts expect 'Passenger revenue per ASM - Total' to come in at N/A. Compared to the present estimate, the company reported N/A in the same quarter last year.
The consensus estimate for 'Total revenue per ASM - Total' stands at N/A. The estimate is in contrast to the year-ago figure of N/A.
Analysts forecast 'Available seat miles - Total' to reach 80.32 billion. The estimate compares to the year-ago value of 77.40 billion.
It is projected by analysts that the 'Yield - Total' will reach N/A. The estimate compares to the year-ago value of N/A.
Analysts predict that the 'Fuel consumption - Total' will reach 1203 millions of gallons. The estimate is in contrast to the year-ago figure of 1169 millions of gallons.
Based on the collective assessment of analysts, 'Revenue passenger miles - Total' should arrive at 67.42 billion. Compared to the current estimate, the company reported 66.58 billion in the same quarter of the previous year.
View all Key Company Metrics for American Airlines here>>>American Airlines shares have witnessed a change of -8.3% in the past month, in contrast to the Zacks S&P 500 composite's +1.5% move. With a Zacks Rank #4 (Sell), AAL is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .