Advertisement
Canada markets close in 3 hours 49 minutes

  • S&P/TSX

    21,844.06
    -167.66 (-0.76%)
     

  • S&P 500

    5,051.40
    -19.15 (-0.38%)
     

  • DOW

    38,353.78
    -149.91 (-0.39%)
     

  • CAD/USD

    0.7288
    -0.0032 (-0.44%)
     

  • CRUDE OIL

    83.00
    -0.36 (-0.43%)
     

  • Bitcoin CAD

    88,944.18
    -2,538.86 (-2.78%)
     

  • CMC Crypto 200

    1,398.52
    -25.58 (-1.80%)
     

  • GOLD FUTURES

    2,336.90
    -5.20 (-0.22%)
     

  • RUSSELL 2000

    1,985.38
    -17.26 (-0.86%)
     

  • 10-Yr Bond

    4.6540
    +0.0560 (+1.22%)
     

  • NASDAQ

    15,652.49
    -44.15 (-0.28%)
     

  • VOLATILITY

    16.15
    +0.46 (+2.93%)
     

  • FTSE

    8,040.38
    -4.43 (-0.06%)
     

  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     

  • CAD/EUR

    0.6817
    -0.0019 (-0.28%)
     
MARKETS LIVE BLOG:

STOCKS SHED GAINS, TESLA SURGES DAY AFTER EARNINGS

Tesla shares jump after EV maker vows to speed up launch of more affordable models

American Airlines (AAL) Gains But Lags Market: What You Should Know

Zacks Equity Research
·2 min read

American Airlines (AAL) closed at $11.99 in the latest trading session, marking a +0.67% move from the prior day. The stock lagged the S&P 500's daily gain of 0.78%. At the same time, the Dow added 0.68%, and the tech-heavy Nasdaq gained 1.44%.

Prior to today's trading, shares of the world's largest airline had lost 35.8% over the past month. This has lagged the Transportation sector's loss of 1.6% and the S&P 500's loss of 1.32% in that time.

Wall Street will be looking for positivity from AAL as it approaches its next earnings report date. On that day, AAL is projected to report earnings of -$7.03 per share, which would represent a year-over-year decline of 486.26%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.36 billion, down 88.64% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of -$15.16 per share and revenue of $20.41 billion, which would represent changes of -409.39% and -55.4%, respectively, from the prior year.

ADVERTISEMENT

Any recent changes to analyst estimates for AAL should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the past month, the Zacks Consensus EPS estimate has moved 2.96% higher. AAL is currently sporting a Zacks Rank of #3 (Hold).

The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 216, putting it in the bottom 15% 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.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.