AAL - American Airlines Q1 Earnings on the Horizon: Analysts' Insights on Key Performance Measures | Benzinga
In its upcoming report, American Airlines (NASDAQ: AAL) is predicted by Wall Street analysts to post quarterly loss of $0.28 per share, reflecting a decline of 660% compared to the same period last year. Revenues are forecasted to be $12.59 billion, representing a year-over-year increase of 3.3%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, ...