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American Airlines Falls 1.73% as Earnings Estimate Is Cut
The airline lagged the broader market in the Sept. 30 session as Zacks reported a sharp drop in its consensus EPS estimate.
Key takeaways
- American Airlines closed at $13.38, down 1.73%, on Sept. 30.
- Zacks said its consensus EPS estimate for the airline fell 60.4% over the past month.
American Airlines shares closed at $13.38 on Sept. 30, down 1.73%. The S&P 500 fell 0.25% in the session.
Zacks said the airline’s shares had gained 5.1% in the month leading into that session. It also reported that its consensus earnings-per-share estimate for American Airlines had fallen 60.4% over the past month.
Ahead of the company’s upcoming earnings release, the consensus estimate calls for a loss of $0.31 per share and revenue of $16.12 billion. Zacks said the revenue estimate represents a 17.74% year-over-year increase.
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This article was produced with the help of AI technology. Source: Yahoo Finance
