Breaking News

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

n the latest trading session, American Airlines (AAL) closed at $13.17, marking a +1% move from the previous day. This change lagged the S&P 500's 1.1% gain on the day. Meanwhile, the Dow gained 1.18%, and the Nasdaq, a tech-heavy index, added 1.09%.

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 -$7.33 per share, which would represent a year-over-year decline of 502.75%. Meanwhile America Finance Cryptocurrency News

The Zacks Consensus Estimate for revenue is projecting net sales of $1.20 billion, down 89.95% from the year-ago period.

AAL's full-year Zacks Consensus Estimates are calling for earnings of -$15.68 per share and revenue of $20.52 billion. These results would represent year-over-year changes of -420% and -55.17%, respectively.

It is also important to note the recent changes to analyst estimates for AAL. Recent revisions tend to reflect the latest near-term business trends. America Finance Stock Market As a result, we can interpret positive estimate revisions as a good sign for the company's 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.

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. The Zacks Consensus EPS estimate has moved 1.54% lower within the past month. AAL is currently a Zacks Rank #3 (Hold).

The Transportation - Airline industry is part of the Transportation sector. America Finance Political News This industry currently has a Zacks Industry Rank of 168, which puts it in the bottom 34% 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.

Be sure to follow all of these stock-moving metrics and many more

The rallying stock market may not care about it right now, but the economic devastation from the COVID-19 pandemic continues in full force.

Indeed this week highlights the ongoing pain ripping through Corporate America. Overly indebted vitamin seller GNC filed for bankruptcy on Wednesday, crushed by mall closures brought on by the pandemic. Chuck E. America Finance Press Release Distribution Cheese — also boasting a ton of debt following a 2014 leveraged buyout — filed for bankruptcy on Thursday as the prospect of catching COVID-19 by touching dirty games keeps parents and children away.

“I think what you’re seeing is what we’ll call the prolonged washout from COVID,” said Barclays chief U.S. economist Michael Gapen on Yahoo Finance’s The First Trade. America Finance Sports News Gapen says he is most concerned about the prospect for service-oriented companies in life after COVID-19 and doesn’t rule out more bankruptcies in the months and years ahead.

Source -

No comments