Positive. Earnings estimate revisions for American Airlines are rising, leading to strong stock performance.
From Nasdaq: 2024-12-25 12:20:03
American Airlines (AAL) is a top pick with an improved earnings outlook and strong stock performance. Analysts are increasing earnings estimates, reflecting growing optimism. The Zacks Rank system supports this, with Zacks #1 ranked stocks delivering a +25% average annual return since 2008. Estimate revisions show a +96.55% change for the current quarter and a -37.74% change for the full year, with consensus estimates rising significantly.
The current trend of estimate revisions for American Airlines is positive, with six estimates moving higher in the past month. This has led to a Zacks Rank #2 (Buy) for the company. Stocks with Zacks Rank #1 and #2 have historically outperformed the S&P 500. American Airlines has gained 18.5% over the past four weeks, indicating strong investor confidence in its earnings growth prospects.
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Read more at Nasdaq: Earnings Estimates Rising for American Airlines (AAL): Will It Gain?
