American Airlines (AAL - Free Report) closed the most recent trading day at $27.20, moving -0.11% from the previous trading session. This move was narrower than the S&P 500's daily loss of 0.28%. At the same time, the Dow added 0.02%, and the tech-heavy Nasdaq lost 1.61%.
Heading into today, shares of the world's largest airline had lost 17.03% over the past month, lagging the Transportation sector's loss of 8.78% and the S&P 500's loss of 6.3% in that time.
Investors will be hoping for strength from AAL as it approaches its next earnings release. In that report, analysts expect AAL to post earnings of $1.72 per share. This would mark year-over-year growth of 5.52%. Meanwhile, our latest consensus estimate is calling for revenue of $11.96 billion, up 2.73% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.12 per share and revenue of $46.36 billion, which would represent changes of +12.53% and +4.09%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for AAL. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. Within the past 30 days, our consensus EPS projection has moved 0.5% higher. AAL is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, AAL is holding a Forward P/E ratio of 5.32. This valuation marks a discount compared to its industry's average Forward P/E of 9.6.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 179, which puts it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the 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.