American Airlines (AAL) Flat As Market Gains: What You Should Know
In the latest trading session, American Airlines (AAL) closed at $18.26, marking no change from the previous day.
In the latest trading session, American Airlines (AAL) closed at $18.26, marking no change from the previous day. This change lagged the S&P 500's daily gain of 0.62%. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, lost 0.03%.
Heading into today, shares of the world's largest airline had lost 6.17% over the past month, lagging the Transportation sector's loss of 2.08% and the S&P 500's gain of 0.39% in that time.
Wall Street will be looking for positivity from American Airlines as it approaches its next earnings report date. The company is expected to report EPS of -$1.72, up 55.44% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $9.09 billion, up 125.79% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$8.65 per share and revenue of $29.55 billion, which would represent changes of +56% and +70.46%, respectively, from the prior year.
Any recent changes to analyst estimates for American Airlines should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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.
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. The Zacks Consensus EPS estimate has moved 0.09% lower within the past month. American Airlines is holding a Zacks Rank of #4 (Sell) right now.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 215, putting it in the bottom 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
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American Airlines Group Inc. (AAL): Free Stock Analysis Report
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