American Airlines (AAL) closed at $13.43 in the latest trading session, marking a -1.54% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 0.33%. Elsewhere, the Dow lost 0.7%, while the tech-heavy Nasdaq lost 0.12%.
Coming into today, shares of the world's largest airline had lost 10.68% in the past month. In that same time, the Transportation sector lost 1.96%, while the S&P 500 gained 3.87%.
The investment community will be paying close attention to the earnings performance of American Airlines in its upcoming release. In that report, analysts expect American Airlines to post earnings of -$0.26 per share. This would mark a year-over-year decline of 52.94%. Meanwhile, our latest consensus estimate is calling for revenue of $16.12 billion, up 17.77% from the prior-year quarter.
AAL's full-year Zacks Consensus Estimates are calling for earnings of -$0.16 per share and revenue of $62.99 billion. These results would represent year-over-year changes of -144.44% and +15.3%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for American Airlines. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 977.7% downward. American Airlines is currently a Zacks Rank #3 (Hold).
The Transportation - Airline industry is part of the Transportation sector. With its current Zacks Industry Rank of 176, this industry ranks in the bottom 29% of all industries, numbering over 250.
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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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American Airlines Group Inc. (AAL) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).