American Airlines (AAL) stock outperformed S&P 500 but lagged Nasdaq and Dow

From Nasdaq: 2024-12-24 18:15:08

American Airlines (AAL) closed at $17.35, a 0.58% increase from the previous day. The stock outperformed the S&P 500 but lagged behind the Nasdaq and Dow. AAL’s stock has risen by 15.62% in the past month, leading the Transportation sector’s losses and the S&P 500’s gains.

Investors are eagerly awaiting American Airlines’ upcoming earnings release. Projected EPS is $0.57, a 96.55% increase from the previous year. Revenue is estimated at $13.34 billion, a 2.1% increase. Analysts’ revisions and positive estimate changes reflect optimism about the company’s future profitability.

American Airlines currently holds a Zacks Rank of #3 (Hold). The stock’s Forward P/E ratio is 10.44, slightly higher than the industry average of 10.28. AAL’s PEG ratio is 0.28, lower than the industry average of 1. The Transportation – Airline industry ranks 29 out of 250+ industries on the Zacks Industry Rank.

Looking for potential investment opportunities? Check out Zacks’ report on 5 stocks set to double in 2024. These picks have the potential to gain over 100%, with previous recommendations soaring by up to 673%. Most stocks in the report are under Wall Street’s radar, presenting an opportunity for early investment.



Read more at Nasdaq: American Airlines (AAL) Gains But Lags Market: What You Should Know