American Airlines (AAL) , one of the world’s leading airline companies, is set to report first-quarter 2024 results on Apr 25, and as always, market participants are eagerly waiting for the release. Some investors may be deliberating whether to purchase the stock of this airline heavyweight before Thursday or wait for a better entry point.Impressive Price PerformanceDriven by the buoyant scenario with respect to air travel demand, the stock has performed impressively on the bourse of late. The AAL stock has ...

Depending on who you ask, a recession is either right around the corner or the stock market is ready to rattle off a seismic bull run. As always, the answer is likely somewhere in the middle of those two extremes. But due to the uncertainty surrounding the Federal Reserve’s rate cuts, traders are stuck in a holding pattern until more data defines the country's fiscal path.Since bargains become popular when times are uncertain, we’d like to introduce a new weekly segment: Cheap Seats. Every week, we will pro ...

Investors are always looking for stocks that are poised to beat at earnings season and American Airlines Group Inc. (AAL) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because American Airlines is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — ...

We have entered the heart of the 2024 Q1 earnings cycle with a notably stacked earnings schedule on deck for this week. The period has primarily been positive so far, with the big banks’ results not causing any spooks.This week, we’ll hear from American Airlines (AAL) and Southwest Airlines (LUV) . What can investors expect? We can use results from a peer, United Airlines (UAL) , as a small read-through. Let’s take a closer look.United Airlines Concerning headline figures, UAL posted a 71% beat relative to ...

The Zacks Transportation sector is widely diversified. It houses airlines, railroads, shipping and trucking companies to name a few.Improvement in the demand scenario from the pandemic lows is a major positive. The uptick in trading volumes is likely to have aided the performance of transportation companies in the soon-to-be-reported quarter.However, high fuel costs are likely to have hurt the first-quarter performance of transportation companies. Fuel expenses represent a key input cost for any transportat ...

In its upcoming report, American Airlines (AAL) is predicted by Wall Street analysts to post quarterly loss of $0.28 per share, reflecting a decline of 660% compared to the same period last year. Revenues are forecasted to be $12.59 billion, representing a year-over-year increase of 3.3%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during t ...

Quite frankly, with so much attention paid to artificial intelligence and cryptocurrencies, there hasn’t been much discussion (relative to prior market cycles) about meme stocks to buy now. However, the practice itself hasn’t gone away.Peruse your favorite social media network and you can find plenty of discussions about coordinated efforts to lift certain ideas. Even better, the discipline has evolved, encompassing far more than troubled video game retailers or cineplex operators facing lean times.While th ...

Given the current, strong state of the macro economy, many transportation stocks have performed very well in recent months. And that trend is likely to continue for the foreseeable future. On the consumer side, the strong labor market has resulted in continued, powerful travel trends. Plus, with Washington spending a great deal of money on infrastructure, a high number of truck makers and railroad firms have done very well. Automakers are also doing relatively well because of consumer strength, and the fact ...

American Airlines (AAL) closed the latest trading day at $14.02, indicating a +0.94% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily loss of 0.22%. Elsewhere, the Dow saw an upswing of 0.06%, while the tech-heavy Nasdaq depreciated by 0.52%.Shares of the world's largest airline have depreciated by 4.67% over the course of the past month, outperforming the Transportation sector's loss of 5.07% and lagging the S&P 500's loss of 1.66%.Investors will be eagerly w ...

United Parcel Service (UPS) is scheduled to report first-quarter 2024 results on Apr 23, before market open.The company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in each of the preceding four quarters, the average beat being 1.38%. The Zacks Consensus Estimate for first-quarter 2024 earnings has been revised 15.3% downward over the past 60 days.Given this backdrop, let’s delve deeper to unearth the factors likely to have influenced UPS’ performance in the to- ...