Friday, January 21, 2022

American Airlines Group Inc. [AAL] Earnings Report Preview March 2021

Earnings from American Airlines Group Inc. [AAL] are scheduled on April 22, 2021, before the market opens. It is expected that the company will report weak earnings for the quarter ending Mar 2021.


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AAL Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn -$4.3 per share on revenue of $4.04B. Taking a look at the future, the company is projected to report revenue of $6.05B at an earnings per share of -$2.5 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 43.70% in revenue and 101.90% in earnings per share for the company.

AAL Stock Earnings Forecast For The Current Year


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For the full financial year, American Airlines Group Inc. [NASDAQ:AAL] is forecasted to generate revenue of $26.31B. The figure is about $8.97 billion above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be -$8.41 in 2021, which is $11.25 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 57.20% this year, 100.80% next year, and -45.70% annually over the next five years. With regard to sales, forecasts suggest an incline of 51.70% in current fiscal year and 43.70% over following year.

AAL Stock Price Performance

At the close of Wednesday’s session, American Airlines Group Inc. [NASDAQ:AAL] finished up 3.14% at $21.01. The stock’s highest single-day price was $21.03, and its lowest was $19.64. Its price fall -6.08% in the last five days. Since the beginning of the year, American Airlines Group Inc.’s shares are up nearly 33.23%. However, the share price is -19.47% below its one year high. The top price reached by the shares of the company was $26.09 on 03/18/21, while the 52-week low came on 01/11/21, when the shares were $14.71. In the past year, shares of the company have risen 91.00%. At 50 days, the moving average achieved is $21.80 while at 200 days, the moving average is $15.73. There were 48.99 million shares traded in the last session, up from 48.81 million in the previous session.

American Airlines Group Inc. [NASDAQ:AAL] Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 0.78 PS value ratio is reported for the last one year of reported earnings. This is below the average return 1.11 for the industry, which means AAL offers an attractive investment opportunity than its competitors do.

AAL Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 21.01 level, and the violation of this level will cause a further drop to 20.09 level. At the upper end, 22.87 remains a key resistance. As the stock increases, it may find resistance at 21.95. In the 14-day chart, the Relative Strength Index standing at 39.48 suggests a technical neutral stance while the MACD standing at -1.75 indicates price will decrease in the next trading period. Stochastic %K at 13.28% suggests buying the stock while Percent R indicator at 73.70% suggests bearish price movement.

How much is the short interest in American Airlines Group Inc.?

There have been a drop in short interest in the American Airlines Group Inc. Financial stock, with short interest up by 2.42 million shares to 76.35 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 78.77 million shares. This -3.17% decrease suggests some bullish sentiment was experienced by the stock. Shorted shares accounted for just 16.31% of the overall float in the stock, while the stock’s days to cover moved to 1.68.

How do analysts view American Airlines Group Inc.?

In regard to the share price forecast for American Airlines Group Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $20.00 in the next twelve months, representing almost an -5.05% growth from its recent price of $21.01. Among American Airlines Group Inc. stock projections, $28.00 is the highest analyst target for the stock, while $5.00 is the lowest. Despite this, 21 analysts who share their consensus rating for AAL in 2021 agree that the stock is an Underweight.

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