American Airlines (AAL) closed the most recent trading day at $13.97, moving -0.07% from the previous trading session. This change was narrower than the S&P 500’s 0.12% loss on the day. At the same time, the Dow added 0.1%, and the tech-heavy Nasdaq gained 0.05%.
Coming into today, shares of the world’s largest airline had gained 1.82% in the past month. In that same time, the Transportation sector gained 10.14%, while the S&P 500 gained 5.93%.
Investors will be hoping for strength from American Airlines as it approaches its next earnings release. In that report, analysts expect American Airlines to post earnings of $0.55 per share. This would mark year-over-year growth of 138.73%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.72 billion, up 34.9% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.20 per share and revenue of $48.49 billion. These totals would mark changes of +97.61% and +62.28%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for American Airlines. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Over the past month, the Zacks Consensus EPS estimate has moved 4.33% higher. American Airlines is currently sporting 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 63, which puts it in the top 25% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
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American Airlines Group Inc. (AAL) : Free Stock Analysis Report
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