Posted 12/27/2023, 10:50:20 PM
American Airlines Stock Drops Despite Market Gains As Investors Await Q2 Earnings
- American Airlines (AAL) stock dropped 0.85% despite market gains as investors look ahead to upcoming earnings report
- Earnings per share expected to decline 96.58% year-over-year; revenue projected to decrease 1.24%
- For fiscal year, consensus estimates call for EPS of $2.41, up 382%, and revenue of $52.74B, up 7.7%
- Airline industry faces challenges, ranking in bottom 22% of Zacks industries currently
- AAL trades at discount to transportation industry average P/E and PEG ratios