American Airlines Group, Inc. (NASDAQ:AAL) is set to announce third quarter earning results on Thursday 22nd October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, AAL to report 3Q20 loss of $ 5.88 per share.
For the full year, analysts anticipate top line of $ 16768.00 million, while looking forward to loss of $ 19.59 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1.20 billion ~ $ 1.20 billion, where as bottomline are predicted in a range of $ 4.00 ~ $ 6.00 per share
Click Here For More Historical Outlooks Of American Airlines Group, Inc.
Previous Quarter Performance
American Airlines Group, Inc. communicated loss for the second quarter of $ 7.82 per share, from the revenue of $ 1,622.00 million. The quarterly revenues declined 86.44 percent compared with the same quarter last year. Street analysts expected American Airlines Group, Inc. to report loss of $ 7.56 per share on revenue of $ 1441.36 million for the second quarter. The bottom line results missed street analysts by $ 0.26 or 3.44 percent, at the same time, top line results outshined analysts by $ 180.64 million or 12.53 percent.
Stock Performance
Shares of American Airlines Group, Inc. traded low $ -0.08 or -0.63 percent on Wednesday, reaching $ 12.72 with volume of 26.90 million shares. The stock opened down for the day at $ 12.69, after closing the previous day trading at $ 12.80.
According to the previous trading day, closing price of $ 12.80, representing a 55.15 % increase from the 52 week low of $ 8.25 and a 59.58 % decrease over the 52 week high of $ 31.67.
The company has a market capital of $ 6.41 billion and is part of the Services sector and Major Airlines industry.
Recent Analyst recommendations
- On 13th October 2020, downgraded by Susquehanna Bancshares to Negative from Neutral rating.
- On 2nd September 2020, downgraded by Berenberg Bank to Sell from Hold rating, with $ 10.00 target price.
Conference Call
American Airlines Group, Inc. will be hosting a conference call at 8:30 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.aa.com
American Airlines Group Inc., through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2018, the company operated a mainline fleet of 956 aircraft.
