American Airlines (AAL) closed at $17.69, up +0.97% from the previous day, outperforming the S&P 500. Shares have increased by 2.1% in the last month, exceeding the Transportation sector’s loss of 6% and the S&P 500’s loss of 1.7%.
Analysts predict American Airlines will report an EPS of $0.60, a 106.9% increase from last year. Revenue estimate is $13.42 billion, up 2.72%. Recent analyst estimates changes indicate a positive outlook on the company’s performance and profitability.
American Airlines holds a Zacks Rank of #1 (Strong Buy), with a 10.16% increase in the Zacks Consensus EPS estimate. The company is currently trading at a Forward P/E ratio of 7.85, lower than the industry average of 9.18, and has a PEG ratio of 0.21.
The Transportation – Airline industry, part of the Transportation sector, has a Zacks Industry Rank of 38, placing it in the top 16% of industries. Follow these stock-moving metrics and more on Zacks.com for detailed information and analysis.
Zacks experts have identified 5 stocks set to double in 2024, with previous recommendations soaring by +143.0%, +175.9%, +498.3%, and +673.0%. These stocks are under the Wall Street radar, presenting an opportunity to potentially gain +100% or more.
For the latest stock recommendations and analysis, download the 7 Best Stocks for the Next 30 Days report from Zacks Investment Research. Stay informed on potential home run stocks and market insights to make informed investment decisions.
Read more at Nasdaq: American Airlines (AAL) Gains As Market Dips: What You Should Know
