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American Airlines (AAL) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, American Airlines (AAL - Free Report) closed at $15.56, marking a -1.95% move from the previous day. This change lagged the S&P 500's daily loss of 1.05%. At the same time, the Dow lost 1.02%, and the tech-heavy Nasdaq lost 1.64%.
Coming into today, shares of the world's largest airline had lost 4.46% in the past month. In that same time, the Transportation sector lost 0.07%, while the S&P 500 gained 0.01%.
American Airlines will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.01, up 100.43% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $12.25 billion, up 37.67% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.16 per share and revenue of $53.57 billion, which would represent changes of +332% and +9.38%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for American Airlines. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 21.55% higher. American Airlines is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, American Airlines is holding a Forward P/E ratio of 7.34. This valuation marks a discount compared to its industry's average Forward P/E of 12.66.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 56, putting it in the top 23% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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American Airlines (AAL) Dips More Than Broader Markets: What You Should Know
In the latest trading session, American Airlines (AAL - Free Report) closed at $15.56, marking a -1.95% move from the previous day. This change lagged the S&P 500's daily loss of 1.05%. At the same time, the Dow lost 1.02%, and the tech-heavy Nasdaq lost 1.64%.
Coming into today, shares of the world's largest airline had lost 4.46% in the past month. In that same time, the Transportation sector lost 0.07%, while the S&P 500 gained 0.01%.
American Airlines will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.01, up 100.43% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $12.25 billion, up 37.67% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.16 per share and revenue of $53.57 billion, which would represent changes of +332% and +9.38%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for American Airlines. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 21.55% higher. American Airlines is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, American Airlines is holding a Forward P/E ratio of 7.34. This valuation marks a discount compared to its industry's average Forward P/E of 12.66.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 56, putting it in the top 23% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.