American Airlines Group AAL is set to give its latest quarterly earnings report on Thursday, 2024-10-24. Here's what investors need to know before the announcement.
Analysts estimate that American Airlines Group will report an earnings per share (EPS) of $0.04.
The market awaits American Airlines Group's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
Past Earnings Performance
Last quarter the company beat EPS by $0.04, which was followed by a 0.19% increase in the share price the next day.
Here's a look at American Airlines Group's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 1.05 | -0.29 | 0.10 | 0.25 |
| EPS Actual | 1.09 | -0.34 | 0.29 | 0.38 |
| Price Change % | 0.0% | -2.0% | -1.0% | -3.0% |
Tracking American Airlines Group's Stock Performance
Shares of American Airlines Group were trading at $12.96 as of October 22. Over the last 52-week period, shares are up 16.01%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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