Analysts on Wall Street project that American Airlines (AAL) will announce quarterly earnings of $0.06 per share in its forthcoming report, representing a decline of 94.9% year over year. Revenues are projected to reach $13.02 billion, declining 1.3% from the same quarter last year.The consensus EPS estimate for the quarter has undergone an upward revision of 50% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estima ...

American Airlines Group Inc. (AAL) is scheduled to report fourth-quarter 2023 results on Jan 25, before market open.American Airlines has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in each of the preceding four quarters, the average beat being 23.83%. The Zacks Consensus Estimate for AAL’s fourth-quarter 2023 earnings has been revised upward by more than 100% in the past 60 days.Given this backdrop, let's delve deeper into the factors that are likely to have in ...

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The increase in inflation for the month of December has sounded alarm bells. The unfavorable reading has once again dampened investors’ spirits. Rising inflation can make markets more volatile in the coming days.The Consumer Price Index (CPI) jumped 0.3% month over month in December compared with November’s increase of 0.1%. Year over year, CPI jumped 3.4% in December compared with 3.1% in November.The increase in inflation and the resultant uncertainty, however, do not mean that investors should turn their ...

Airline stocks were struggling to get off the ground Tuesday as the sector’s laundry list of risks kept investors cautious. ...

Players in the Zacks Airline industry did not perform well on the bourses on Friday, Jan 12, 2024. Industry heavyweights like Delta Air Lines (DAL) , United Airlines (UAL) , American Airlines (AAL) and Southwest Airlines (LUV) declined 9%,10.6%, 9.5% and 4.3%, respectively, from Thursday’s closing price. With major constituents moving south, the NYSE ARCA Airline index fell consequently, ending Friday’s session at $62.29, down 4.4%.Of the abovementioned stocks, American Airlines presently carries a Zacks Ra ...

Despite the market’s incredible run in 2023, there are still plenty of stocks that are playing catch-up and have room for rapid expansion. Nearly three-quarters of stocks in the S&P 500 underperformed the benchmark index over the past year as gains were concentrated primarily in technology stocks. This means that there are many securities that are due for a breakout in the coming months. With this in mind, investors should look for signs that the market rally is broadening out and take positions in stocks o ...

For investors in a range of airline stocks, it has been a tough trading day. Indeed, shares of Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL) and American Airlines (NASDAQ:AAL) are all trading lower today after Delta reported earnings that rubbed investors the wrong way.The company did report adjusted EPS and revenue that exceeded expectations by a healthy margin. Delta’s $1.28 per share of adjusted EPS beat expectations of $1.17. Meanwhile, revenue of $13.66 billion came in higher than the $13.52 ...

Key PointsThis week, Morgan Stanley upgraded AAL from Equal Weight to Overweight alongside a prediction that it can appreciate to $20 by year end.AAL is trading at 6.2x trailing 12 months earnings while its three S&P 500 peers — Delta, United and Southwest — have an average trailing P/E ratio of 17x.The 50-day and 200-day moving averages are starting to converge and a high volume breakout could cause panic to set in among shorts — and buying pressure to accelerate.5 stocks we like better than American Airli ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics a ...