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American Airlines (AAL) Dips More Than Broader Markets: What You Should Know

Zacks Equity Research
·2 min read

American Airlines (AAL) closed at $13.97 in the latest trading session, marking a -1.69% move from the prior day. This move lagged the S&P 500's daily loss of 1.13%. At the same time, the Dow lost 1.01%, and the tech-heavy Nasdaq lost 0.14%.

Coming into today, shares of the world's largest airline had gained 3.65% in the past month. In that same time, the Transportation sector lost 9.58%, while the S&P 500 lost 7.59%.

Wall Street will be looking for positivity from American Airlines as it approaches its next earnings report date. On that day, American Airlines is projected to report earnings of $0.51 per share, which would represent year-over-year growth of 151.52%. Meanwhile, our latest consensus estimate is calling for revenue of $13.34 billion, up 48.74% from the prior-year quarter.

AAL's full-year Zacks Consensus Estimates are calling for earnings of -$0.82 per share and revenue of $48.19 billion. These results would represent year-over-year changes of +90.21% and +61.27%, respectively.

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Investors might also notice 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.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

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 remained stagnant within the past month. American Airlines is currently a Zacks Rank #3 (Hold).

The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 90, which puts it in the top 36% 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.

To follow AAL in the coming trading sessions, be sure to utilize Zacks.com.


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Zacks Investment Research