American Airlines Group Inc. (NASDAQ:AAL) is projected to declare fiscal first quarter financial results right before the stock market’s official open on April 28, 2017. The stock lost about -11.5 percent in price since last results when it was at $49.59 a share. Based on the most relevant past-periods data, there is an 50 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 6 times out of last 12 reported quarters. It has beaten earnings-per-share estimates 91% of the time in its last 12 earnings reports. It fell short of earnings estimates on 0 occasions, and it has met expectations 1 time.
Here’s how traders responded to AAL earnings announcements over the past few quarters.
American Airlines Group Inc. (AAL) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 19.97 percent over the past four quarters. Back on January 27, 2017, it posted earnings per-share earnings at $0.92 which came in line with the consensus $0.92 projection (no surprise). For the quarter, revenue came in at 9.79B versus consensus estimate of 9.74B. The stock dropped -5.32 percent the session following the earnings reports were released, and on 7th day price change was -11.25 percent.
On October 20, 2016, it reported earnings at $2.8 a share compared with the consensus estimate of $1.68 per share (positive surprise of 66.67%). Revenue of 10.59B for that quarter was above the $10.56B analysts had expected. The stock retreated -0.1% the day following the earnings announcement, and on 7th day price change was -3.23%.
On July 22, 2016, it recorded $1.77 a share in earnings which topped the consensus estimate of $1.65 (positive surprise of 7.27%). Revenue for the quarter was $10.36B while analysts called for revenues to be $10.32B. The stock gained 4% the day following the earnings data was made public, and on 7th day price change was 3.94%.
On April 22, 2016, it announced earnings per share at $1.25 versus the consensus estimate of $1.18 per share (positive surprise of 5.93%). That came on revenues of $9.44B for that period. Analysts had expected $9.44B in revenue.
American Airlines Group Inc. Earnings Estimates
As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.5. The analysts’ present consensus range is $0.45-$0.55 for EPS. The market consensus range for revenue is between $9.55B and $9.65B, with an average of $9.6B.
American Airlines Group Inc. (NASDAQ:AAL) last ended at $42.37, sending the company’s market cap near $21.36B. The consensus 12-month price target from analysts covering the stock is $54.2. The share price has declined -16.14% from its top level in 52 weeks and advanced -9.05% this year. It recently traded in a range of $42.26-$44.12 at a volume of 8851067 shares. The recent trading ended with the price nearly -6.49 lower for the last 5 trading days, rebounding 71.83% from its 52-week low.