From Financial Modeling Prep: 2024-10-24 08:00:04

In the recent earnings report, American Airlines (AAL) reported an EPS of -$0.23 for October 24, 2024, missing the estimated EPS of $0.13 but exceeding revenue expectations with $13.65 billion. The company has released a positive fourth-quarter forecast, indicating potential strong performance ahead, crucial for investors comparing AAL to competitors like United Airlines and Delta Air Lines.

Despite missing EPS estimates, AAL’s promising fourth-quarter forecast suggests a strong performance in the upcoming quarter, potentially influencing investor sentiment and stock price positively. The airline industry has seen mixed results this earnings season, with AAL’s performance closely monitored against competitors like United Airlines and Delta Air Lines.

Analysts had projected AAL’s third-quarter earnings at $0.13 per share, a 65.8% decline year-over-year, while revenue expectations were slightly higher at $13.49 billion, a 0.1% increase from the previous year. The consensus EPS estimate was revised upward by 43.1% over the past month, indicating a positive reassessment by analysts that can impact investor reactions and stock price movements.

Currently, AAL’s stock price is $12.83, showing a 1.0031% decrease or $0.13. The stock has traded between $12.66 and $13.035 today, with a 52-week high of $16.15 and a low of $9.07. The company’s market capitalization stands at approximately $8.43 billion, with a trading volume of 29.69 million shares.



Read more at Financial Modeling Prep:: American Airlines Group Inc. (NASDAQ:AAL) Misses E…