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2900.0
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2023-02-13 00:00:00 UTC
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Hawaiian Holdings (HA) Arm Gets Encouraging Labor Tidings
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AAL
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https://www.nasdaq.com/articles/hawaiian-holdings-ha-arm-gets-encouraging-labor-tidings
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nan
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Hawaiian Holdings’ HA wholly-owned subsidiary Hawaiian Airlines received encouraging news on the labor front when its pilots cleared a four-year pay-related deal. Pilots of this carrier are represented by the Air Line Pilots Association (ALPA). Following the approval, the pilots are eligible for pay hikes, average of which will be more than 32% over the four-year period.
In the voting procedure, 93% pilots cast their votes with 65% favoring the deal. The agreement, which will take effect on Mar 2, includes industry-leading rates for HA’s future Airbus A330F cargo fleet.
Pilots at HA are now eligible for an immediate 16.6% pay raise, on average. Other benefits include presence of a $10 million ratification bonus and creation of a new $2,500 health reimbursement account. The deal will also result in improvement in quality of life of pilots by providing more scheduled flexibility apart from raising company’s retirement contributions.
Expressing delight on the development, captain Larry Payne, chair of ALPA’s Hawaiian Master Executive Council said,“This new industry-standard agreement brings us into line with our peers and cements our status as one of the nation’s leading airlines”.
The agreement comes at a time when labor trouble has emerged as a major sore point for the U.S. aviation industry. The pilot scarcity induced delays and cancellations of many flights have disrupted air-travel that rebounded from the pandemic lows. Naturally the development is a huge positive for HA.
Zacks Rank & Stocks to Consider
Currently, Hawaiian Holdings holds Zacks Rank #3 (Hold).
Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines AAL and Gol Linhas Aereas Inteligentes GOL, both carrying a Zacks Rank #2 (Buy), currently. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
American Airlines has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average. The Zacks Consensus Estimate for AAL’s current-year earnings has improved 29.3% over the past 60 days.
Improved air-travel demand, particularly on the domestic front, is aiding American Airlines. Owing to upbeat air-travel demand, operating revenues in fourth-quarter 2022 increased 39.3% year over year.
Continued recovery in air-travel demand in Brazil bodes well for Gol Linhas which is likely to get reflected in fourth-quarter results as well. GOL predicts fourth-quarter passenger unit revenues to be up 20% year over year, backed by a continued recovery in leisure travel demand and a rise in international travel.
Gol Linhas’ acquisition of domestic airline MAP Transportes Aéreos Ltd, a Brazilian domestic airline, for R$28 million is a prudent move. The acquisition is likely to boost the company's top line by attracting additional traffic. GOL has an expected earnings growth rate of 46.9% for 2023.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Hawaiian Holdings, Inc. (HA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines AAL and Gol Linhas Aereas Inteligentes GOL, both carrying a Zacks Rank #2 (Buy), currently. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average. The Zacks Consensus Estimate for AAL’s current-year earnings has improved 29.3% over the past 60 days.
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Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines AAL and Gol Linhas Aereas Inteligentes GOL, both carrying a Zacks Rank #2 (Buy), currently. Click to get this free report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Hawaiian Holdings, Inc. (HA) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
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Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines AAL and Gol Linhas Aereas Inteligentes GOL, both carrying a Zacks Rank #2 (Buy), currently. Click to get this free report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Hawaiian Holdings, Inc. (HA) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
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Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines AAL and Gol Linhas Aereas Inteligentes GOL, both carrying a Zacks Rank #2 (Buy), currently. The Zacks Consensus Estimate for AAL’s current-year earnings has improved 29.3% over the past 60 days. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
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2901.0
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2023-02-13 00:00:00 UTC
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Amplats warns of sharp profit fall after delayed smelter rebuild
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AAL
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https://www.nasdaq.com/articles/amplats-warns-of-sharp-profit-fall-after-delayed-smelter-rebuild
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nan
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Feb 13 (Reuters) - Anglo American Platinum AMSJ.J (Amplats) expects its 2022 annual profit to be down as much as 52%, hit by a decline in sales of platinum group metals (PGM) after a delayed smelter rebuild, it said on Monday.
The company, which is due to report annual results on Feb. 20, said that headline earnings per share (HEPS) - the main profit measure in South Africa - are expected to be between 144.31 rand and 201.28 rand, down from 300.42 rand in 2021.
Johannesburg-listed Amplats said PGM sales volumes fell 26% last year after refined metal output declined by 25% to 3.831,1 million ounces, from a record 5.138,4 million ounces in 2021.
This was mainly because of a two-month delay in the rebuild of Amplats' Polokwane smelter owing to delivery of sub-standard materials, the company said.
(Reporting by Nelson Banya Editing by David Goodman)
((Nelson.Banya@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Feb 13 (Reuters) - Anglo American Platinum AMSJ.J (Amplats) expects its 2022 annual profit to be down as much as 52%, hit by a decline in sales of platinum group metals (PGM) after a delayed smelter rebuild, it said on Monday. Johannesburg-listed Amplats said PGM sales volumes fell 26% last year after refined metal output declined by 25% to 3.831,1 million ounces, from a record 5.138,4 million ounces in 2021. This was mainly because of a two-month delay in the rebuild of Amplats' Polokwane smelter owing to delivery of sub-standard materials, the company said.
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Feb 13 (Reuters) - Anglo American Platinum AMSJ.J (Amplats) expects its 2022 annual profit to be down as much as 52%, hit by a decline in sales of platinum group metals (PGM) after a delayed smelter rebuild, it said on Monday. The company, which is due to report annual results on Feb. 20, said that headline earnings per share (HEPS) - the main profit measure in South Africa - are expected to be between 144.31 rand and 201.28 rand, down from 300.42 rand in 2021. Johannesburg-listed Amplats said PGM sales volumes fell 26% last year after refined metal output declined by 25% to 3.831,1 million ounces, from a record 5.138,4 million ounces in 2021.
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Feb 13 (Reuters) - Anglo American Platinum AMSJ.J (Amplats) expects its 2022 annual profit to be down as much as 52%, hit by a decline in sales of platinum group metals (PGM) after a delayed smelter rebuild, it said on Monday. The company, which is due to report annual results on Feb. 20, said that headline earnings per share (HEPS) - the main profit measure in South Africa - are expected to be between 144.31 rand and 201.28 rand, down from 300.42 rand in 2021. Johannesburg-listed Amplats said PGM sales volumes fell 26% last year after refined metal output declined by 25% to 3.831,1 million ounces, from a record 5.138,4 million ounces in 2021.
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Feb 13 (Reuters) - Anglo American Platinum AMSJ.J (Amplats) expects its 2022 annual profit to be down as much as 52%, hit by a decline in sales of platinum group metals (PGM) after a delayed smelter rebuild, it said on Monday. The company, which is due to report annual results on Feb. 20, said that headline earnings per share (HEPS) - the main profit measure in South Africa - are expected to be between 144.31 rand and 201.28 rand, down from 300.42 rand in 2021. Johannesburg-listed Amplats said PGM sales volumes fell 26% last year after refined metal output declined by 25% to 3.831,1 million ounces, from a record 5.138,4 million ounces in 2021.
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2902.0
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2023-02-10 00:00:00 UTC
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U.S. airlines urge FAA to extend 5G upgrade deadline
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AAL
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https://www.nasdaq.com/articles/u.s.-airlines-urge-faa-to-extend-5g-upgrade-deadline
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nan
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nan
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By David Shepardson
WASHINGTON, Feb 10 (Reuters) - A group representing major U.S. airlines "strongly urged" the Federal Aviation Administration (FAA) to extend a proposed deadline to June 2024 to retrofit airplane altimeters to ensure they are not susceptible to 5G wireless interference.
Airlines for America (A4A), which represents American Airlines AAL.O, Delta Air Lines DAL.N, United Airlines UAL.O and others also asked the FAA to revise a proposed 5G safety directive "to reflect technical realities and the continued safe operation of many aircraft." The group warned a "material number of aircraft" in U.S. fleets will not be modified by July and without changes it could "severely limit operations" and lead to flight delays and cancellations.
The International Air Transport Association (IATA), which represents more than 100 carriers that fly to the United States, Thursday warned costs would be far higher than the $26 million estimated by the agency -- and said it could be at least $637 million. The group warned last week many airlines are at risk of not meeting the deadlines.
The FAA proposed in January requiring passenger and cargo aircraft in the United States have 5G C-Band-tolerant radio altimeters or approved filters by February 2024. The agency reiterated on Friday it will evaluate all comments.
Concerns that 5G service could interfere with airplane
altimeters, which give data on a plane's height above the ground
and are crucial for bad-weather landing, led to disruptions at
some U.S. airports last year involving international carriers.
Verizon Communications Inc VZ.N and AT&T Inc T.N in June voluntarily agreed to delay some C-Band 5G use until July as air carriers work to retrofit airplanes to ensure they will not face interference.
"Global supply chain issues and lack of certified solutions will make total compliance with the proposed (directive) deadlines difficult, if not impossible to meet without significant adverse impacts on the public," A4A said.
Wireless carries spent more than $80 billion on the C-Band 5G spectrum, including $52.9 billion by Verizon in auction and clearing costs. The FCC, AT&T and Verizon did not immediately comment.
(Reporting by David Shepardson; editing by Diane Craft)
((David.Shepardson@thomsonreuters.com; 2028988324;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Airlines for America (A4A), which represents American Airlines AAL.O, Delta Air Lines DAL.N, United Airlines UAL.O and others also asked the FAA to revise a proposed 5G safety directive "to reflect technical realities and the continued safe operation of many aircraft." By David Shepardson WASHINGTON, Feb 10 (Reuters) - A group representing major U.S. airlines "strongly urged" the Federal Aviation Administration (FAA) to extend a proposed deadline to June 2024 to retrofit airplane altimeters to ensure they are not susceptible to 5G wireless interference. Concerns that 5G service could interfere with airplane altimeters, which give data on a plane's height above the ground and are crucial for bad-weather landing, led to disruptions at some U.S. airports last year involving international carriers.
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Airlines for America (A4A), which represents American Airlines AAL.O, Delta Air Lines DAL.N, United Airlines UAL.O and others also asked the FAA to revise a proposed 5G safety directive "to reflect technical realities and the continued safe operation of many aircraft." By David Shepardson WASHINGTON, Feb 10 (Reuters) - A group representing major U.S. airlines "strongly urged" the Federal Aviation Administration (FAA) to extend a proposed deadline to June 2024 to retrofit airplane altimeters to ensure they are not susceptible to 5G wireless interference. The International Air Transport Association (IATA), which represents more than 100 carriers that fly to the United States, Thursday warned costs would be far higher than the $26 million estimated by the agency -- and said it could be at least $637 million.
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Airlines for America (A4A), which represents American Airlines AAL.O, Delta Air Lines DAL.N, United Airlines UAL.O and others also asked the FAA to revise a proposed 5G safety directive "to reflect technical realities and the continued safe operation of many aircraft." By David Shepardson WASHINGTON, Feb 10 (Reuters) - A group representing major U.S. airlines "strongly urged" the Federal Aviation Administration (FAA) to extend a proposed deadline to June 2024 to retrofit airplane altimeters to ensure they are not susceptible to 5G wireless interference. The International Air Transport Association (IATA), which represents more than 100 carriers that fly to the United States, Thursday warned costs would be far higher than the $26 million estimated by the agency -- and said it could be at least $637 million.
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Airlines for America (A4A), which represents American Airlines AAL.O, Delta Air Lines DAL.N, United Airlines UAL.O and others also asked the FAA to revise a proposed 5G safety directive "to reflect technical realities and the continued safe operation of many aircraft." By David Shepardson WASHINGTON, Feb 10 (Reuters) - A group representing major U.S. airlines "strongly urged" the Federal Aviation Administration (FAA) to extend a proposed deadline to June 2024 to retrofit airplane altimeters to ensure they are not susceptible to 5G wireless interference. The International Air Transport Association (IATA), which represents more than 100 carriers that fly to the United States, Thursday warned costs would be far higher than the $26 million estimated by the agency -- and said it could be at least $637 million.
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2903.0
|
2023-02-09 00:00:00 UTC
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Primecap Management Cuts Stake in American Airlines Group (AAL)
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AAL
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https://www.nasdaq.com/articles/primecap-management-cuts-stake-in-american-airlines-group-aal
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nan
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nan
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Fintel reports that Primecap Management has filed a 13G/A form with the SEC disclosing ownership of 38.10MM shares of American Airlines Group Inc (AAL). This represents 5.86% of the company.
In their previous filing dated February 10, 2022 they reported 40.90MM shares and 6.32% of the company, a decrease in shares of 6.84% and a decrease in total ownership of 0.46% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 0.40% Downside
As of February 9, 2023, the average one-year price target for American Airlines Group is $16.90. The forecasts range from a low of $8.08 to a high of $27.30. The average price target represents a decrease of 0.40% from its latest reported closing price of $16.97.
The projected annual revenue for American Airlines Group is $51,177MM, an increase of 4.50%. The projected annual EPS is $1.52, an increase of 678.51%.
What is the Fund Sentiment?
There are 995 funds or institutions reporting positions in American Airlines Group. This is a decrease of 11 owner(s) or 1.09% in the last quarter. Average portfolio weight of all funds dedicated to AAL is 0.13%, an increase of 11.17%. Total shares owned by institutions increased in the last three months by 2.64% to 404,854K shares. The put/call ratio of AAL is 3.01, indicating a bearish outlook.
What are large shareholders doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 19,454K shares representing 2.99% ownership of the company. In it's prior filing, the firm reported owning 19,157K shares, representing an increase of 1.52%. The firm increased its portfolio allocation in AAL by 0.51% over the last quarter.
VPMCX - Vanguard PRIMECAP Fund Investor Shares holds 19,400K shares representing 2.98% ownership of the company. In it's prior filing, the firm reported owning 19,835K shares, representing a decrease of 2.24%. The firm decreased its portfolio allocation in AAL by 0.29% over the last quarter.
U S Global Investors holds 16,743K shares representing 2.57% ownership of the company. In it's prior filing, the firm reported owning 16,590K shares, representing an increase of 0.91%. The firm increased its portfolio allocation in AAL by 0.82% over the last quarter.
JETS - U.S. Global Jets ETF holds 16,590K shares representing 2.55% ownership of the company. In it's prior filing, the firm reported owning 17,865K shares, representing a decrease of 7.68%. The firm increased its portfolio allocation in AAL by 14.20% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 14,730K shares representing 2.26% ownership of the company. In it's prior filing, the firm reported owning 14,361K shares, representing an increase of 2.50%. The firm increased its portfolio allocation in AAL by 0.71% over the last quarter.
American Airlines Group Declares $0.10 Dividend
On January 22, 2020 the company declared a regular quarterly dividend of $0.10 per share ($0.40 annualized). Shareholders of record as of February 4, 2020 received the payment on February 19, 2020. Previously, the company paid $0.10 per share.
At the current share price of $16.97 / share, the stock's dividend yield is 2.36%. Looking back five years and taking a sample every week, the average dividend yield has been 1.36%, the lowest has been 0.71%, and the highest has been 4.21%. The standard deviation of yields is 0.66 (n=107).
The current dividend yield is 1.51 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.00. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is -1.00%.
American Airlines Group Background Information
(This description is provided by the company.)
American Airlines Group Inc. is the parent company of American Airlines. Together with regional partner American Eagle, American Airlines offers an average of nearly 6,700 flights daily to 350 destinations in 50 countries. American Airlines is a founding member of the oneworld® alliance, whose members and members-elect offer nearly 14,250 flights daily to 1,000 destinations in 150 countries.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Fintel reports that Primecap Management has filed a 13G/A form with the SEC disclosing ownership of 38.10MM shares of American Airlines Group Inc (AAL). Average portfolio weight of all funds dedicated to AAL is 0.13%, an increase of 11.17%. The put/call ratio of AAL is 3.01, indicating a bearish outlook.
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Fintel reports that Primecap Management has filed a 13G/A form with the SEC disclosing ownership of 38.10MM shares of American Airlines Group Inc (AAL). Average portfolio weight of all funds dedicated to AAL is 0.13%, an increase of 11.17%. The put/call ratio of AAL is 3.01, indicating a bearish outlook.
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Fintel reports that Primecap Management has filed a 13G/A form with the SEC disclosing ownership of 38.10MM shares of American Airlines Group Inc (AAL). Average portfolio weight of all funds dedicated to AAL is 0.13%, an increase of 11.17%. The put/call ratio of AAL is 3.01, indicating a bearish outlook.
|
Fintel reports that Primecap Management has filed a 13G/A form with the SEC disclosing ownership of 38.10MM shares of American Airlines Group Inc (AAL). Average portfolio weight of all funds dedicated to AAL is 0.13%, an increase of 11.17%. The put/call ratio of AAL is 3.01, indicating a bearish outlook.
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2904.0
|
2023-02-09 00:00:00 UTC
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Redburn Partners Upgrades American Airlines Group (AAL)
|
AAL
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https://www.nasdaq.com/articles/redburn-partners-upgrades-american-airlines-group-aal
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nan
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nan
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On February 8, 2023, Redburn Partners upgraded their outlook for American Airlines Group from Neutral to Buy.
Analyst Price Forecast Suggests 0.40% Downside
As of February 9, 2023, the average one-year price target for American Airlines Group is $16.90. The forecasts range from a low of $8.08 to a high of $27.30. The average price target represents a decrease of 0.40% from its latest reported closing price of $16.97.
The projected annual revenue for American Airlines Group is $51,177MM, an increase of 4.50%. The projected annual EPS is $1.52, an increase of 678.51%.
American Airlines Group Declares $0.10 Dividend
On January 22, 2020 the company declared a regular quarterly dividend of $0.10 per share ($0.40 annualized). Shareholders of record as of February 4, 2020 received the payment on February 19, 2020. Previously, the company paid $0.10 per share.
At the current share price of $16.97 / share, the stock's dividend yield is 2.36%. Looking back five years and taking a sample every week, the average dividend yield has been 1.36%, the lowest has been 0.71%, and the highest has been 4.21%. The standard deviation of yields is 0.66 (n=107).
The current dividend yield is 1.51 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.00. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is -1.00%.
What are large shareholders doing?
Primecap Management holds 38,955K shares representing 5.99% ownership of the company. In it's prior filing, the firm reported owning 39,493K shares, representing a decrease of 1.38%. The firm increased its portfolio allocation in AAL by 1.39% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 19,454K shares representing 2.99% ownership of the company. In it's prior filing, the firm reported owning 19,157K shares, representing an increase of 1.52%. The firm increased its portfolio allocation in AAL by 0.51% over the last quarter.
VPMCX - Vanguard PRIMECAP Fund Investor Shares holds 19,400K shares representing 2.98% ownership of the company. In it's prior filing, the firm reported owning 19,835K shares, representing a decrease of 2.24%. The firm decreased its portfolio allocation in AAL by 0.29% over the last quarter.
U S Global Investors holds 16,743K shares representing 2.57% ownership of the company. In it's prior filing, the firm reported owning 16,590K shares, representing an increase of 0.91%. The firm increased its portfolio allocation in AAL by 0.82% over the last quarter.
JETS - U.S. Global Jets ETF holds 16,590K shares representing 2.55% ownership of the company. In it's prior filing, the firm reported owning 17,865K shares, representing a decrease of 7.68%. The firm increased its portfolio allocation in AAL by 14.20% over the last quarter.
What is the Fund Sentiment?
There are 995 funds or institutions reporting positions in American Airlines Group. This is a decrease of 11 owner(s) or 1.09% in the last quarter. Average portfolio weight of all funds dedicated to AAL is 0.13%, an increase of 11.17%. Total shares owned by institutions increased in the last three months by 2.64% to 404,854K shares. The put/call ratio of AAL is 3.01, indicating a bearish outlook.
American Airlines Group Background Information
(This description is provided by the company.)
American Airlines Group Inc. is the parent company of American Airlines. Together with regional partner American Eagle, American Airlines offers an average of nearly 6,700 flights daily to 350 destinations in 50 countries. American Airlines is a founding member of the oneworld® alliance, whose members and members-elect offer nearly 14,250 flights daily to 1,000 destinations in 150 countries.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The firm increased its portfolio allocation in AAL by 1.39% over the last quarter. The firm increased its portfolio allocation in AAL by 0.51% over the last quarter. The firm decreased its portfolio allocation in AAL by 0.29% over the last quarter.
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The firm increased its portfolio allocation in AAL by 1.39% over the last quarter. The firm increased its portfolio allocation in AAL by 0.51% over the last quarter. The firm decreased its portfolio allocation in AAL by 0.29% over the last quarter.
|
The firm increased its portfolio allocation in AAL by 1.39% over the last quarter. The firm increased its portfolio allocation in AAL by 0.51% over the last quarter. The firm decreased its portfolio allocation in AAL by 0.29% over the last quarter.
|
The firm increased its portfolio allocation in AAL by 1.39% over the last quarter. The firm increased its portfolio allocation in AAL by 0.51% over the last quarter. The firm decreased its portfolio allocation in AAL by 0.29% over the last quarter.
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2905.0
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2023-02-08 00:00:00 UTC
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Is American Airlines (AAL) Outperforming Other Transportation Stocks This Year?
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AAL
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https://www.nasdaq.com/articles/is-american-airlines-aal-outperforming-other-transportation-stocks-this-year
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nan
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nan
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Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Is American Airlines (AAL) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Transportation peers, we might be able to answer that question.
American Airlines is a member of our Transportation group, which includes 136 different companies and currently sits at #12 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. American Airlines is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for AAL's full-year earnings has moved 52.2% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that AAL has returned about 33.3% since the start of the calendar year. Meanwhile, stocks in the Transportation group have gained about 11.3% on average. This means that American Airlines is outperforming the sector as a whole this year.
One other Transportation stock that has outperformed the sector so far this year is Ardmore Shipping (ASC). The stock is up 13.4% year-to-date.
Over the past three months, Ardmore Shipping's consensus EPS estimate for the current year has increased 45.6%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, American Airlines belongs to the Transportation - Airline industry, which includes 29 individual stocks and currently sits at #43 in the Zacks Industry Rank. On average, stocks in this group have gained 18.6% this year, meaning that AAL is performing better in terms of year-to-date returns.
In contrast, Ardmore Shipping falls under the Transportation - Shipping industry. Currently, this industry has 41 stocks and is ranked #185. Since the beginning of the year, the industry has moved +9.4%.
Going forward, investors interested in Transportation stocks should continue to pay close attention to American Airlines and Ardmore Shipping as they could maintain their solid performance.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Ardmore Shipping Corporation (ASC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On average, stocks in this group have gained 18.6% this year, meaning that AAL is performing better in terms of year-to-date returns. Is American Airlines (AAL) one of those stocks right now? The Zacks Consensus Estimate for AAL's full-year earnings has moved 52.2% higher within the past quarter.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Ardmore Shipping Corporation (ASC) : Free Stock Analysis Report To read this article on Zacks.com click here. Is American Airlines (AAL) one of those stocks right now? The Zacks Consensus Estimate for AAL's full-year earnings has moved 52.2% higher within the past quarter.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Ardmore Shipping Corporation (ASC) : Free Stock Analysis Report To read this article on Zacks.com click here. Is American Airlines (AAL) one of those stocks right now? The Zacks Consensus Estimate for AAL's full-year earnings has moved 52.2% higher within the past quarter.
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Is American Airlines (AAL) one of those stocks right now? On average, stocks in this group have gained 18.6% this year, meaning that AAL is performing better in terms of year-to-date returns. The Zacks Consensus Estimate for AAL's full-year earnings has moved 52.2% higher within the past quarter.
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2906.0
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2023-02-08 00:00:00 UTC
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American Airlines To Launch Proposed Offering Of $750 Mln Of Senior Secured Notes Due 2028
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AAL
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https://www.nasdaq.com/articles/american-airlines-to-launch-proposed-offering-of-%24750-mln-of-senior-secured-notes-due-2028
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nan
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nan
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(RTTNews) - American Airlines, Inc., a subsidiary of American Airlines Group Inc. (AAL), announced Wednesday a proposed private offering of $750 million aggregate principal amount of senior secured notes due 2028. The Notes will be guaranteed on a senior unsecured basis by American Airlines Group.
The Company expects to use the proceeds from the offering of the Notes to repay a portion of the term loans outstanding under the term loan credit facility established under the Amended and Restated Credit and Guaranty Agreement, dated May 21, 2015.
The Company expects that any term loans not repaid from the net proceeds of the Notes will be amended to extend the maturity date to February 2028. The final terms and amounts of the Notes are subject to market and other conditions, and may be materially different than expectations.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - American Airlines, Inc., a subsidiary of American Airlines Group Inc. (AAL), announced Wednesday a proposed private offering of $750 million aggregate principal amount of senior secured notes due 2028. The Company expects to use the proceeds from the offering of the Notes to repay a portion of the term loans outstanding under the term loan credit facility established under the Amended and Restated Credit and Guaranty Agreement, dated May 21, 2015. The Company expects that any term loans not repaid from the net proceeds of the Notes will be amended to extend the maturity date to February 2028.
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(RTTNews) - American Airlines, Inc., a subsidiary of American Airlines Group Inc. (AAL), announced Wednesday a proposed private offering of $750 million aggregate principal amount of senior secured notes due 2028. The Company expects to use the proceeds from the offering of the Notes to repay a portion of the term loans outstanding under the term loan credit facility established under the Amended and Restated Credit and Guaranty Agreement, dated May 21, 2015. The Company expects that any term loans not repaid from the net proceeds of the Notes will be amended to extend the maturity date to February 2028.
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(RTTNews) - American Airlines, Inc., a subsidiary of American Airlines Group Inc. (AAL), announced Wednesday a proposed private offering of $750 million aggregate principal amount of senior secured notes due 2028. The Company expects to use the proceeds from the offering of the Notes to repay a portion of the term loans outstanding under the term loan credit facility established under the Amended and Restated Credit and Guaranty Agreement, dated May 21, 2015. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - American Airlines, Inc., a subsidiary of American Airlines Group Inc. (AAL), announced Wednesday a proposed private offering of $750 million aggregate principal amount of senior secured notes due 2028. The Notes will be guaranteed on a senior unsecured basis by American Airlines Group. The Company expects to use the proceeds from the offering of the Notes to repay a portion of the term loans outstanding under the term loan credit facility established under the Amended and Restated Credit and Guaranty Agreement, dated May 21, 2015.
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2907.0
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2023-02-08 00:00:00 UTC
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Anglo American to buy 9.9% stake in Canada Nickel
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AAL
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https://www.nasdaq.com/articles/anglo-american-to-buy-9.9-stake-in-canada-nickel
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nan
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nan
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Feb 8 (Reuters) - Anglo American Plc AAL.L will buy a 9.9% stake in Canada Nickel Co Inc CNC.V, the owner of the Crawford nickel project in Ontario, in its bid to expand production of the niche metal, the London-listed miner said on Wednesday.
Anglo American, which did not provide financial details of the deal, said it would provide technology expertise to the Crawford project and have the exclusive right to buy up to 10% of recoveries of nickel concentrate, iron and chromium contained in the magnetite concentrates and any corresponding carbon credits from the project.
(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Maju Samuel)
((abyjose.koilparambil@thomsonreuters.com; +919986528692))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Feb 8 (Reuters) - Anglo American Plc AAL.L will buy a 9.9% stake in Canada Nickel Co Inc CNC.V, the owner of the Crawford nickel project in Ontario, in its bid to expand production of the niche metal, the London-listed miner said on Wednesday. Anglo American, which did not provide financial details of the deal, said it would provide technology expertise to the Crawford project and have the exclusive right to buy up to 10% of recoveries of nickel concentrate, iron and chromium contained in the magnetite concentrates and any corresponding carbon credits from the project. (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Maju Samuel) ((abyjose.koilparambil@thomsonreuters.com; +919986528692)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Feb 8 (Reuters) - Anglo American Plc AAL.L will buy a 9.9% stake in Canada Nickel Co Inc CNC.V, the owner of the Crawford nickel project in Ontario, in its bid to expand production of the niche metal, the London-listed miner said on Wednesday. Anglo American, which did not provide financial details of the deal, said it would provide technology expertise to the Crawford project and have the exclusive right to buy up to 10% of recoveries of nickel concentrate, iron and chromium contained in the magnetite concentrates and any corresponding carbon credits from the project. (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Maju Samuel) ((abyjose.koilparambil@thomsonreuters.com; +919986528692)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Feb 8 (Reuters) - Anglo American Plc AAL.L will buy a 9.9% stake in Canada Nickel Co Inc CNC.V, the owner of the Crawford nickel project in Ontario, in its bid to expand production of the niche metal, the London-listed miner said on Wednesday. Anglo American, which did not provide financial details of the deal, said it would provide technology expertise to the Crawford project and have the exclusive right to buy up to 10% of recoveries of nickel concentrate, iron and chromium contained in the magnetite concentrates and any corresponding carbon credits from the project. (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Maju Samuel) ((abyjose.koilparambil@thomsonreuters.com; +919986528692)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Feb 8 (Reuters) - Anglo American Plc AAL.L will buy a 9.9% stake in Canada Nickel Co Inc CNC.V, the owner of the Crawford nickel project in Ontario, in its bid to expand production of the niche metal, the London-listed miner said on Wednesday. Anglo American, which did not provide financial details of the deal, said it would provide technology expertise to the Crawford project and have the exclusive right to buy up to 10% of recoveries of nickel concentrate, iron and chromium contained in the magnetite concentrates and any corresponding carbon credits from the project. (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Maju Samuel) ((abyjose.koilparambil@thomsonreuters.com; +919986528692)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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2908.0
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2023-02-08 00:00:00 UTC
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Zacks Investment Ideas feature highlights: United Airlines, Copa, American Airlines, Ryanair and Delta
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AAL
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https://www.nasdaq.com/articles/zacks-investment-ideas-feature-highlights%3A-united-airlines-copa-american-airlines-ryanair
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nan
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nan
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For Immediate Release
Chicago, IL – February 8, 2023 – Today, Zacks Investment Ideas feature highlights United Airlines UAL, Copa Holdings CPA, American Airlines AAL, Ryanair RYAAY and Delta DAL.
5 Reasons Airlines Are Set for a Turbulence-Free 2023
Turbulent Times for Airlines
It turns out that transporting thousands of passengers around the world in a metal tube is no easy task. The airline industry is one of the most complicated industries to predict on Wall Street. Like most industries, airlines have inputs and outputs, the sum of which ultimately leads to profitability or large losses. Over the past few years, airlines have had to contend with the following:
· A Global Pandemic: Shrank demand to nearly zero and decreased the number of employees.
· Complex Geopolitical Circumstances: The War in Ukraine drove crude oil prices to near triple digits before pulling back last year.
· Lack of Skilled Employees: Many pilots in the industry aged, some quit, and others were laid off during the pandemic.
· Outdated Airplanes: Supply chain issues and delays due to safety concerns from aircraft manufacturersled to a lack of airplanes.
Despite the many challenges mentioned above, the airline industry is showing signs of life.
Clear Skies Ahead?
Below I will lay out 5 reasons why the tough times experienced by airlines in recent years may finally be over:
1. A Return to Profitability: International airlines survived massive losses during the pandemic and are now back to earning healthy profits. For example, United Airlines lost $28 per share in 2020. In 2022, UAL made $2.50 per share.
Panamanian airline Copa Holdings and other international airlines show a similar EPS trajectory.
2. Rising EPS Estimates: Airline providers such as American Airlines, Ryanair and United have rising consensus estimates moving forward. AAL and UAL also have positive Expected Surprise Prediction (ESP) scores suggesting that they are likely to surprise earnings to the upside the next time they report. Delta is one of the few airline stocks with a negative ESP score. That said, Delta is coming off a blockbuster quarter where EPS rocketed 573%.
4. Recovery to Pre-pandemic Levels: Recently, Boeing Ceo Dave Calhoun confirmed his aspirations to return to pre-pandemic aircraft production levels. Airline giants like United are planning to hire thousands of pilots in 2023 to increase staff – with no training capacity constraints. Meanwhile, air travel occupancy levels have recovered fully.
5. Drastically Improving Technical Picture:
Uptrend Resumed: After five failed attempts to re-take the 200-day moving average in the past two years, the JETS ETF decisively broke above the line in 2023 – signaling a distinct change in character.
Post Earnings Drift Potential / Bull Flags: Because markets are inefficient, stocks tend to trend after reporting stellar earnings like most airlines just did. Stocks like UAL rocketed higher in early 2023 and have been consolidating and digesting gains in a bullish manner since.
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Zacks Investment Research
800-767-3771 ext. 9339
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
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Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report
Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL – February 8, 2023 – Today, Zacks Investment Ideas feature highlights United Airlines UAL, Copa Holdings CPA, American Airlines AAL, Ryanair RYAAY and Delta DAL. AAL and UAL also have positive Expected Surprise Prediction (ESP) scores suggesting that they are likely to surprise earnings to the upside the next time they report. Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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For Immediate Release Chicago, IL – February 8, 2023 – Today, Zacks Investment Ideas feature highlights United Airlines UAL, Copa Holdings CPA, American Airlines AAL, Ryanair RYAAY and Delta DAL. Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL and UAL also have positive Expected Surprise Prediction (ESP) scores suggesting that they are likely to surprise earnings to the upside the next time they report.
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For Immediate Release Chicago, IL – February 8, 2023 – Today, Zacks Investment Ideas feature highlights United Airlines UAL, Copa Holdings CPA, American Airlines AAL, Ryanair RYAAY and Delta DAL. Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL and UAL also have positive Expected Surprise Prediction (ESP) scores suggesting that they are likely to surprise earnings to the upside the next time they report.
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For Immediate Release Chicago, IL – February 8, 2023 – Today, Zacks Investment Ideas feature highlights United Airlines UAL, Copa Holdings CPA, American Airlines AAL, Ryanair RYAAY and Delta DAL. AAL and UAL also have positive Expected Surprise Prediction (ESP) scores suggesting that they are likely to surprise earnings to the upside the next time they report. Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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2909.0
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2023-02-07 00:00:00 UTC
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U.S. lawmakers focus on aviation safety after 2 near-miss crashes
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AAL
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https://www.nasdaq.com/articles/u.s.-lawmakers-focus-on-aviation-safety-after-2-near-miss-crashes
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nan
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nan
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By David Shepardson
WASHINGTON, Feb 7 (Reuters) - The U.S. Congress needs to address serious concerns about the country's aviation system after recent incidents including two near miss crashes and the failure of a key pilot computing system, lawmakers said on Tuesday.
"Right now the alarm bells should be going off across the aviation industry -- our system is stretched and stressed," Representative Garret Graves, the Republican chair of a subcommittee on aviation, said at a hearing.
House of Representatives Transportation and Infrastructure committee chair Sam Graves, a Republican, said the incidents showed the aviation system is in need of "urgent attention."
U.S. National Transportation Safety Board (NTSB) chair Jennifer Homendy said preliminary information showed a FedEx Boeing 767 cargo plane and a Southwest Airlines 737-700 that nearly collided Saturday were "probably under 100 feet (30.5 meters) vertically from each other" and the event could have been "catastrophic."
The NTSB is also investigating another nearly tragic runway incursion at New York’s John F. Kennedy Airport. A Delta Air Lines DAL.N plane was ultimately able to stop safely after air traffic controllers noticed an American Airlines AAL.O Boeing 777 had crossed from an adjacent taxiway.
David Boulter, the Federal Aviation Administration's acting head of aviation safety, said the two recent events were serious. "We need to double down on what is it that's causing these, what have we missed in our voluntary systems, what have we missed in our data," Boulter said at the hearing.
The FAA has hired 200 new aviation safety employees in the last year and about 200 the year before, Boulter said.
The hires came after Congress boosted funding and reformed how the FAA certifies new airplanes in the wake of two fatal Boeing BA.N 737 MAX crashes in 2018 and 2019.
Last month, a computer system outage on Jan. 11 disrupted more than 11,000 U.S. flights and led to the first nationwide ground stop since the Sept. 11, 2001 attacks.
Some lawmakers raised concerns the FAA has been without a permanent administrator since April 1.
Last week, U.S. Transportation Secretary Pete Buttigieg on Monday said the government needs to "pick up the pace" on its efforts to modernize FAA computer systems.
(Reporting by David Shepardson; Editing by David Gregorio)
((David.Shepardson@thomsonreuters.com; 2028988324;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A Delta Air Lines DAL.N plane was ultimately able to stop safely after air traffic controllers noticed an American Airlines AAL.O Boeing 777 had crossed from an adjacent taxiway. House of Representatives Transportation and Infrastructure committee chair Sam Graves, a Republican, said the incidents showed the aviation system is in need of "urgent attention." U.S. National Transportation Safety Board (NTSB) chair Jennifer Homendy said preliminary information showed a FedEx Boeing 767 cargo plane and a Southwest Airlines 737-700 that nearly collided Saturday were "probably under 100 feet (30.5 meters) vertically from each other" and the event could have been "catastrophic."
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A Delta Air Lines DAL.N plane was ultimately able to stop safely after air traffic controllers noticed an American Airlines AAL.O Boeing 777 had crossed from an adjacent taxiway. By David Shepardson WASHINGTON, Feb 7 (Reuters) - The U.S. Congress needs to address serious concerns about the country's aviation system after recent incidents including two near miss crashes and the failure of a key pilot computing system, lawmakers said on Tuesday. House of Representatives Transportation and Infrastructure committee chair Sam Graves, a Republican, said the incidents showed the aviation system is in need of "urgent attention."
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A Delta Air Lines DAL.N plane was ultimately able to stop safely after air traffic controllers noticed an American Airlines AAL.O Boeing 777 had crossed from an adjacent taxiway. By David Shepardson WASHINGTON, Feb 7 (Reuters) - The U.S. Congress needs to address serious concerns about the country's aviation system after recent incidents including two near miss crashes and the failure of a key pilot computing system, lawmakers said on Tuesday. "Right now the alarm bells should be going off across the aviation industry -- our system is stretched and stressed," Representative Garret Graves, the Republican chair of a subcommittee on aviation, said at a hearing.
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A Delta Air Lines DAL.N plane was ultimately able to stop safely after air traffic controllers noticed an American Airlines AAL.O Boeing 777 had crossed from an adjacent taxiway. By David Shepardson WASHINGTON, Feb 7 (Reuters) - The U.S. Congress needs to address serious concerns about the country's aviation system after recent incidents including two near miss crashes and the failure of a key pilot computing system, lawmakers said on Tuesday. House of Representatives Transportation and Infrastructure committee chair Sam Graves, a Republican, said the incidents showed the aviation system is in need of "urgent attention."
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2910.0
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2023-02-07 00:00:00 UTC
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Spirit Airlines says expects DOJ decision on JetBlue merger in around 30 days
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AAL
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https://www.nasdaq.com/articles/spirit-airlines-says-expects-doj-decision-on-jetblue-merger-in-around-30-days
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nan
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nan
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Feb 7 (Reuters) - Spirit Airlines Inc SAVE.N said on Tuesday it expects U.S. antitrust regulators to decide whether to allow the low-cost carrier to proceed with its $3.8 billion merger with JetBlue Airways Corp JBLU.O in the "next 30 days or so."
"We are now waiting to see whether the Department of Justice (DOJ) filed suit to block the deal or allows us to proceed," Spirit CEO Edward Christie said during an investor call.
The DOJ did not immediately respond to a request for comment.
JetBlue prevailed in a months-long bidding war for Spirit Airlines after the ultra-low-cost carrier accepted its deal.
The merger is expected to face regulatory hurdles with the combination creating the fifth-largest U.S. airline at a time when high energy prices, a tight labor market and swelling demand for travel have sent airfares soaring.
Concerns about approval for the combined airline was amplified after the DOJ filed a lawsuit last year asking a judge to break up JetBlue's "Northeast Alliance" partnership with American Airlines AAL.O, arguing it would lead to higher fares for consumers.
Spirit had cited the Justice Department lawsuit as a reason to fear regulators blocking its sale to JetBlue when it was trying to persuade Spirit shareholders to back the deal with Frontier Airlines Holding Inc instead.
JetBlue had acknowledged that the regulatory process could be drawn out and it did not expect the deal to be completed before December 2023.
Spirit's shares were up 1.3% at $19.9 in morning trade after the carrier posted better-than-expected quarterly results on Monday.
(Reporting by Kannaki Deka in Bengaluru; Editing by Shailesh Kuber)
((Kannaki.Deka@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Concerns about approval for the combined airline was amplified after the DOJ filed a lawsuit last year asking a judge to break up JetBlue's "Northeast Alliance" partnership with American Airlines AAL.O, arguing it would lead to higher fares for consumers. Feb 7 (Reuters) - Spirit Airlines Inc SAVE.N said on Tuesday it expects U.S. antitrust regulators to decide whether to allow the low-cost carrier to proceed with its $3.8 billion merger with JetBlue Airways Corp JBLU.O in the "next 30 days or so." "We are now waiting to see whether the Department of Justice (DOJ) filed suit to block the deal or allows us to proceed," Spirit CEO Edward Christie said during an investor call.
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Concerns about approval for the combined airline was amplified after the DOJ filed a lawsuit last year asking a judge to break up JetBlue's "Northeast Alliance" partnership with American Airlines AAL.O, arguing it would lead to higher fares for consumers. "We are now waiting to see whether the Department of Justice (DOJ) filed suit to block the deal or allows us to proceed," Spirit CEO Edward Christie said during an investor call. Spirit had cited the Justice Department lawsuit as a reason to fear regulators blocking its sale to JetBlue when it was trying to persuade Spirit shareholders to back the deal with Frontier Airlines Holding Inc instead.
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Concerns about approval for the combined airline was amplified after the DOJ filed a lawsuit last year asking a judge to break up JetBlue's "Northeast Alliance" partnership with American Airlines AAL.O, arguing it would lead to higher fares for consumers. Feb 7 (Reuters) - Spirit Airlines Inc SAVE.N said on Tuesday it expects U.S. antitrust regulators to decide whether to allow the low-cost carrier to proceed with its $3.8 billion merger with JetBlue Airways Corp JBLU.O in the "next 30 days or so." Spirit had cited the Justice Department lawsuit as a reason to fear regulators blocking its sale to JetBlue when it was trying to persuade Spirit shareholders to back the deal with Frontier Airlines Holding Inc instead.
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Concerns about approval for the combined airline was amplified after the DOJ filed a lawsuit last year asking a judge to break up JetBlue's "Northeast Alliance" partnership with American Airlines AAL.O, arguing it would lead to higher fares for consumers. Feb 7 (Reuters) - Spirit Airlines Inc SAVE.N said on Tuesday it expects U.S. antitrust regulators to decide whether to allow the low-cost carrier to proceed with its $3.8 billion merger with JetBlue Airways Corp JBLU.O in the "next 30 days or so." "We are now waiting to see whether the Department of Justice (DOJ) filed suit to block the deal or allows us to proceed," Spirit CEO Edward Christie said during an investor call.
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2911.0
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2023-02-07 00:00:00 UTC
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Knight-Swift (KNX) Rewards Investors With 16.7% Dividend Hike
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AAL
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https://www.nasdaq.com/articles/knight-swift-knx-rewards-investors-with-16.7-dividend-hike
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nan
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nan
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In a shareholder-friendly move, Knight-Swift Transportation Holdings Inc. KNX has announced a hike in its dividend payout. KNX’s board of directors has approved a dividend hike of 16.7%, thereby raising its quarterly cash dividend from 12 cents per share to 14 cents. The raised dividend is anticipated to be paid out on Mar 27, 2023, to all its shareholders of record as of Mar 3, 2023. The move reflects KNX’s intention to utilize free cash to enhance its shareholders’ returns.
Knight-Swift Transportation Holdings Inc. Dividend Yield (TTM)
Knight-Swift Transportation Holdings Inc. dividend-yield-ttm | Knight-Swift Transportation Holdings Inc. Quote
Knight-Swift has been consistently making efforts to reward its shareholders through dividends and share buybacks, which are encouraging. Last year too (in February 2022), Knight-Swift hiked its dividend by 20% to 12 cents per share (annually: 48 cents).
In 2022, KNX returned $300 million to its shareholders in the form of share repurchases and $78.3 million as dividends. The free cash flow generated during 2022 was $818.71 million. In 2021, the company returned $120.7 million to shareholders in the forms of dividends ($63.5 million) and share buybacks ($57.2 million). Its free cash flow generation supports shareholder-friendly activities. The company generated a free cash flow of $908 million in 2021, up 70.8% year over year.
Dividend-paying stocks provide a solid income stream and have fewer chances of experiencing wild price swings. Dividend stocks like KNX are safe bets for creating wealth, as the payouts generally act as a hedge against economic uncertainty like the current scenario.
KNX’s management’s decision to increase its quarterly dividend payout reflects the company’s commitment toward boosting shareholder value apart from underlining confidence in its business. We believe that such shareholder-friendly initiatives boost investor confidence and positively impact the company’s bottom line.
Zacks Rank and Stocks to Consider
Currently, Knight-Swift carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. Copa Holdings presently sports a Zacks Rank #1(Strong Buy), while Alaska Air and American Airlines carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Copa Holdings has an expected earnings growth rate of 31.58% for the current year. CPA delivered a trailing four-quarter earnings surprise of 48.95%, on average.
The Zacks Consensus Estimate for CPA’s current-year earnings has improved 9.3% over the past 90 days. Shares of CPA have soared 25.8% over the past six months.
Alaska Air has an expected earnings growth rate of 28.28% for the current year. ALK delivered a trailing four-quarter earnings surprise of 8.98%, on average.
The Zacks Consensus Estimate for ALK’s current-year earnings has improved 7.1% over the past 90 days. Shares of ALK have soared 12% over the past six months.
AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
The Zacks Consensus Estimate for AAL’s current-year earnings has improved 19.3% over the past 90 days. Shares of AAL have gained 12.9% over the past six months.
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Knight-Swift Transportation Holdings Inc. (KNX) : Free Stock Analysis Report
Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
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Some better-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. Click to get this free report Knight-Swift Transportation Holdings Inc. (KNX) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL has an expected earnings growth rate of more than 100% for the current year.
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Some better-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. Click to get this free report Knight-Swift Transportation Holdings Inc. (KNX) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL has an expected earnings growth rate of more than 100% for the current year.
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Click to get this free report Knight-Swift Transportation Holdings Inc. (KNX) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year.
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2912.0
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2023-02-06 00:00:00 UTC
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Anglo American CEO urges public-private fix to Transnet crisis
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AAL
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https://www.nasdaq.com/articles/anglo-american-ceo-urges-public-private-fix-to-transnet-crisis
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nan
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nan
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By Clara Denina and Helen Reid
CAPE TOWN, Feb 6 (Reuters) - Anglo American's AAL.L CEO on Monday called for a public-private partnership to improve performance at South Africa's state-owned rail and port firm Transnet, whose failure to meet demand has hampered miners' ability to export their products.
"From our perspective, one of the best outcomes might be a public-private partnership that deals with the operation of the system differently from the ownership of the system," Anglo American CEO Duncan Wanblad said in an interview on the sidelines of the Mining Indaba conference in Cape Town.
Transnet has been unable to meet demand for freight trains to transport iron ore, coal, and other commodities, as a strike and an increase in copper cable theft compounded long-standing maintenance problems and a shortage of locomotives.
Transnet did not immediately reply to a request for comment.
Inadequate freight rail services have cost exporters including Anglo's unit Kumba Iron OreKIOJ.J millions of dollars. Kumba warned profit could fall by as much as 44% last year and cut production estimates for 2023 and 2024.
Africa's most industrialised nation is also battling the worst power cuts on record by state-owned power utility Eskom, which meant precious metals unit Anglo American Platinum AMSJ.J lost 3% of platinum group metals output last year.
"We would like an environment created by the government, underpinned by the policies and regulations of government, and a a committed partnership, not only with the government, but others to bring to bear an outcome that is to the benefit of everyone," Wanblad said.
"The time it takes to get there and the fact that we find ourselves at the point of a crisis before it energises everyone to come together ... that is the frustration."
HUNTING FOR COPPER, COOL ON LITHIUM
Global mining companies are hunting for minerals, including copper, needed to manufacture batteries, electric cars and renewable infrastructure that will help the world shift to a greener economy.
Anglo is working to finalise a deal agreed in May to take control of junior exploration company Arc Minerals' ARCMA.L copper-cobalt licences in Zambia, marking the miner's first new investment in the country for 20 years.
"We'd very much like to, that's going to be down to the commercial terms we can land at the end of the day," Wanblad said, adding that Anglo was not in talks to invest in any other assets in Africa.
"There is nothing specific that is live at the moment but Africa is a very viable jurisdiction for a company like Anglo American and its sustainability credentials it operates in," he said.
The miner is however cool on lithium, another raw material in demand for the rapidly growing production of electric vehicles (EVs).
"I wouldn't say we are not interested in lithium but there are a couple of characteristics that make it quite difficult: it is very available... prices are extremely high for the quality of assets that are around, and ... it's one of the most eminently recyclable materials in the world," he said.
(Reporting by Clara Denina and Helen Reid; editing by Barbara Lewis)
((Clara.Denina@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Clara Denina and Helen Reid CAPE TOWN, Feb 6 (Reuters) - Anglo American's AAL.L CEO on Monday called for a public-private partnership to improve performance at South Africa's state-owned rail and port firm Transnet, whose failure to meet demand has hampered miners' ability to export their products. Transnet has been unable to meet demand for freight trains to transport iron ore, coal, and other commodities, as a strike and an increase in copper cable theft compounded long-standing maintenance problems and a shortage of locomotives. Global mining companies are hunting for minerals, including copper, needed to manufacture batteries, electric cars and renewable infrastructure that will help the world shift to a greener economy.
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By Clara Denina and Helen Reid CAPE TOWN, Feb 6 (Reuters) - Anglo American's AAL.L CEO on Monday called for a public-private partnership to improve performance at South Africa's state-owned rail and port firm Transnet, whose failure to meet demand has hampered miners' ability to export their products. Inadequate freight rail services have cost exporters including Anglo's unit Kumba Iron OreKIOJ.J millions of dollars. Africa's most industrialised nation is also battling the worst power cuts on record by state-owned power utility Eskom, which meant precious metals unit Anglo American Platinum AMSJ.J lost 3% of platinum group metals output last year.
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By Clara Denina and Helen Reid CAPE TOWN, Feb 6 (Reuters) - Anglo American's AAL.L CEO on Monday called for a public-private partnership to improve performance at South Africa's state-owned rail and port firm Transnet, whose failure to meet demand has hampered miners' ability to export their products. "From our perspective, one of the best outcomes might be a public-private partnership that deals with the operation of the system differently from the ownership of the system," Anglo American CEO Duncan Wanblad said in an interview on the sidelines of the Mining Indaba conference in Cape Town. Africa's most industrialised nation is also battling the worst power cuts on record by state-owned power utility Eskom, which meant precious metals unit Anglo American Platinum AMSJ.J lost 3% of platinum group metals output last year.
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By Clara Denina and Helen Reid CAPE TOWN, Feb 6 (Reuters) - Anglo American's AAL.L CEO on Monday called for a public-private partnership to improve performance at South Africa's state-owned rail and port firm Transnet, whose failure to meet demand has hampered miners' ability to export their products. Transnet has been unable to meet demand for freight trains to transport iron ore, coal, and other commodities, as a strike and an increase in copper cable theft compounded long-standing maintenance problems and a shortage of locomotives. Transnet did not immediately reply to a request for comment.
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2913.0
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2023-02-06 00:00:00 UTC
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Petra Diamonds open to M&A deals, CEO says
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AAL
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https://www.nasdaq.com/articles/petra-diamonds-open-to-ma-deals-ceo-says
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nan
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nan
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CAPE TOWN, Feb 6 (Reuters) - RICs for other companies please,
Diamond miner Petra Diamonds PDL.L invited merger and acquisition proposals on Monday, with CEO Richard Duffy saying the industry would benefit from consolidation.
The diamond mining industry is dominated by Russia's Alrosa ALRS.MM on one hand, and Anglo American's AAL.L ddDe Beers on the other, with the remainder of the sector made up of various small mining firms including Petra.
"We have got opportunities to grow organically, but given that we are through this restructuring and we have a much more robust balance sheet, we would be willing to consider consolidation if it makes value sense," Duffy told Reuters in an interview on the sidelines of the Investing in African Mining Indaba in Cape Town.
"I think it's healthy for an industry to have smaller and bigger players, but I think the multitude of single-asset companies is difficult."
Petra completed a debt-for-equity restructuring in 2021 after abandoning plans to sell the company.
Duffy said the investigation into the cause of a mine waste dam failure at Petra's Williamson mine in Tanzania in November is ongoing, and the company expects the mine to start producing again by July.
The tailings dam breach impacted 156 people and 28 homes, Petra has said. The company is in the process of rehousing those impacted, Duffy said, and will provide monetary compensation for crops as well as land to people whose land was made uninhabitable by the failure.
"It's something that should never happen," Duffy said of the tailings failure. Petra aims for all its mines to comply by August 5 with a new global tailings standard agreed by the industry in 2020.
(Reporting by Helen Reid and Clara Denina, Editing by Louise Heavens)
((Helen.Reid@thomsonreuters.com; +27 66 156 5214;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The diamond mining industry is dominated by Russia's Alrosa ALRS.MM on one hand, and Anglo American's AAL.L ddDe Beers on the other, with the remainder of the sector made up of various small mining firms including Petra. "We have got opportunities to grow organically, but given that we are through this restructuring and we have a much more robust balance sheet, we would be willing to consider consolidation if it makes value sense," Duffy told Reuters in an interview on the sidelines of the Investing in African Mining Indaba in Cape Town. "I think it's healthy for an industry to have smaller and bigger players, but I think the multitude of single-asset companies is difficult."
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The diamond mining industry is dominated by Russia's Alrosa ALRS.MM on one hand, and Anglo American's AAL.L ddDe Beers on the other, with the remainder of the sector made up of various small mining firms including Petra. CAPE TOWN, Feb 6 (Reuters) - RICs for other companies please, Diamond miner Petra Diamonds PDL.L invited merger and acquisition proposals on Monday, with CEO Richard Duffy saying the industry would benefit from consolidation. Duffy said the investigation into the cause of a mine waste dam failure at Petra's Williamson mine in Tanzania in November is ongoing, and the company expects the mine to start producing again by July.
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The diamond mining industry is dominated by Russia's Alrosa ALRS.MM on one hand, and Anglo American's AAL.L ddDe Beers on the other, with the remainder of the sector made up of various small mining firms including Petra. CAPE TOWN, Feb 6 (Reuters) - RICs for other companies please, Diamond miner Petra Diamonds PDL.L invited merger and acquisition proposals on Monday, with CEO Richard Duffy saying the industry would benefit from consolidation. Duffy said the investigation into the cause of a mine waste dam failure at Petra's Williamson mine in Tanzania in November is ongoing, and the company expects the mine to start producing again by July.
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The diamond mining industry is dominated by Russia's Alrosa ALRS.MM on one hand, and Anglo American's AAL.L ddDe Beers on the other, with the remainder of the sector made up of various small mining firms including Petra. CAPE TOWN, Feb 6 (Reuters) - RICs for other companies please, Diamond miner Petra Diamonds PDL.L invited merger and acquisition proposals on Monday, with CEO Richard Duffy saying the industry would benefit from consolidation. The tailings dam breach impacted 156 people and 28 homes, Petra has said.
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2914.0
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2023-02-04 00:00:00 UTC
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U.S. investigates aborted FedEx landing in Texas, two planes cleared for same runway
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AAL
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https://www.nasdaq.com/articles/u.s.-investigates-aborted-fedex-landing-in-texas-two-planes-cleared-for-same-runway
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nan
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nan
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By David Shepardson
Feb 4 (Reuters) - The Federal Aviation Administration and the U.S. National Transportation Safety Board are investigating an aborted landing in Austin, Texas, on Saturday morning by a FedEx FDX.N cargo plane that had been set to land on a runway on which a Southwest Airlines LUV.N jet was also cleared to depart from, the agencies said.
The two planes came close to colliding when the FedEx plane was forced to overfly the Southwest plane to avoid a crash, two sources briefed on the matter told Reuters.
"Shortly before the FedEx aircraft was due to land, the controller cleared Southwest Flight 708 to depart from the same runway," the Federal Aviation Administration (FAA) said.
The NTSB separately said it was investigating "a possible runway incursion and overflight involving airplanes from Southwest Airlines and FedEx."
The incident occurred in poor visibility conditions in Austin. The FAA said FedEx Express Flight 1432, a Boeing 767 cargo plane, which had departed from Memphis, was cleared to land on Runway 18-Left around 6:40 a.m. while the aircraft was several miles from the airport. The Southwest plane had not yet departed when the FedEx plane was nearing the runway.
"The pilot of the FedEx airplane discontinued the landing and initiated a climb out," the FAA said.
It was not clear precisely how close the two airplanes came to colliding, but flight tracking website data suggested they came very close.
The Cancun, Mexico-bound Southwest flight, a Boeing 737-700, safely departed and landed at 9:47 a.m. ET.
Southwest declined to comment. FedEx said its flight "safely landed after encountering an event," but declined further comment because of the ongoing investigations.
The NTSB and FAA are investigating another recent near-miss runway incident.
On Jan. 13, a Delta Air Lines DAL.N plane came to a safe stop at New York's John F. Kennedy Airport after air traffic controllers noticed a Boeing 777 had crossed from an adjacent taxiway.
The FAA said the Delta Boeing 737 stopped its takeoff roll approximately 1,000 feet before reaching the point where American Airlines AAL.O Flight 106 had crossed.
(Reporting by David Shepardson; Editing by Sandra Maler and Leslie Adler)
((David.Shepardson@thomsonreuters.com; 2028988324;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The FAA said the Delta Boeing 737 stopped its takeoff roll approximately 1,000 feet before reaching the point where American Airlines AAL.O Flight 106 had crossed. "Shortly before the FedEx aircraft was due to land, the controller cleared Southwest Flight 708 to depart from the same runway," the Federal Aviation Administration (FAA) said. The FAA said FedEx Express Flight 1432, a Boeing 767 cargo plane, which had departed from Memphis, was cleared to land on Runway 18-Left around 6:40 a.m. while the aircraft was several miles from the airport.
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The FAA said the Delta Boeing 737 stopped its takeoff roll approximately 1,000 feet before reaching the point where American Airlines AAL.O Flight 106 had crossed. By David Shepardson Feb 4 (Reuters) - The Federal Aviation Administration and the U.S. National Transportation Safety Board are investigating an aborted landing in Austin, Texas, on Saturday morning by a FedEx FDX.N cargo plane that had been set to land on a runway on which a Southwest Airlines LUV.N jet was also cleared to depart from, the agencies said. "Shortly before the FedEx aircraft was due to land, the controller cleared Southwest Flight 708 to depart from the same runway," the Federal Aviation Administration (FAA) said.
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The FAA said the Delta Boeing 737 stopped its takeoff roll approximately 1,000 feet before reaching the point where American Airlines AAL.O Flight 106 had crossed. By David Shepardson Feb 4 (Reuters) - The Federal Aviation Administration and the U.S. National Transportation Safety Board are investigating an aborted landing in Austin, Texas, on Saturday morning by a FedEx FDX.N cargo plane that had been set to land on a runway on which a Southwest Airlines LUV.N jet was also cleared to depart from, the agencies said. "Shortly before the FedEx aircraft was due to land, the controller cleared Southwest Flight 708 to depart from the same runway," the Federal Aviation Administration (FAA) said.
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The FAA said the Delta Boeing 737 stopped its takeoff roll approximately 1,000 feet before reaching the point where American Airlines AAL.O Flight 106 had crossed. By David Shepardson Feb 4 (Reuters) - The Federal Aviation Administration and the U.S. National Transportation Safety Board are investigating an aborted landing in Austin, Texas, on Saturday morning by a FedEx FDX.N cargo plane that had been set to land on a runway on which a Southwest Airlines LUV.N jet was also cleared to depart from, the agencies said. The Cancun, Mexico-bound Southwest flight, a Boeing 737-700, safely departed and landed at 9:47 a.m.
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2915.0
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2023-02-03 00:00:00 UTC
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DAL, UAL, or AAL: Which Airline Stock is Set to Fly Higher in 2023?
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AAL
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https://www.nasdaq.com/articles/dal-ual-or-aal%3A-which-airline-stock-is-set-to-fly-higher-in-2023
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nan
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nan
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Major U.S. airlines experienced pent-up travel demand last year following significant losses due to COVID-led travel restrictions. However, staffing issues, higher fuel costs, disruptions caused by weather, and capacity restrictions had an adverse impact on airlines. Using TipRanks’ Stock Comparison Tool, we pit Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL), and American Airlines (NASDAQ:AAL) against each other to find Wall Street’s favorite airline pick in 2023.
Delta Air Lines (NYSE:DAL)
Delta Air Lines topped analysts’ Q4 2022 expectations on strong travel demand. Moreover, the carrier repaid over $5 billion in gross debt in the full-year 2022. However, investors were disappointed with Delta’s Q1 2023 earnings guidance.
Nonetheless, the carrier expects revenue growth in the range of 15% to 20%, EPS of $5 to $6, and free cash flow of over $2 billion in 2023. Delta also ensured investors that it is on track to deliver EPS of over $7 and free cash flow of $4 billion in 2024.
IS DAL Stock a Buy?
Despite the weak Q1 2023 guidance, Morgan Stanley analyst Ravi Shanker remains bullish about Delta. The analyst feels that the market might look beyond the subdued start to the year and focus on accelerating earnings momentum through this year.
Shanker stated, “With the December storm and pilot contract now behind them (assuming successful ratification), the coast is clear for DAL to execute and do what it does best... fly a leading airline franchise on the way to earning $7 EPS.” Shanker reaffirmed a Buy rating on Delta with a price target of $65, calling it a top sector pick.
Wall Street’s Strong Buy consensus rating for Delta Air Lines is based on 12 Buys and one Hold. At $50.54, the average DAL stock price target implies 26.7% upside potential. Shares have risen over 21% since the start of this year.
United Airlines (NASDAQ:UAL)
Despite the disruption caused by the winter storm, United Airlines beat Wall Street’s expectations for Q4 2022 and issued an upbeat outlook for Q1 2023. It ended 2022 with liquidity of $18 billion and lowered its adjusted net debt by $3.3 billion.
United is confident about meeting its 2023 target of adjusted net debt to EBITDAR (earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs) ratio of less than three times.
Furthermore, it guided for adjusted EPS in the range of $10 to $12 for 2023, significantly higher than the Street’s estimate of $6.84. United expects to generate positive free cash flow this year despite an elevated adjusted capital expenditure estimate of about $8.5 billion.
What is the Target Price for UAL?
Bernstein analyst David Vernon highlighted that United Airlines delivered strong results even when measured against his “bullish” estimates. “United is leaning into international growth in 2023, and leveraging investments made during pandemic to realize a recovery in earnings power that is way ahead of market expectations,” said Vernon.
Vernon believes that it could be a “good idea” to invest in UAL given the “quicker than expected recovery in earnings power at this valuation.”
UAL scores a Moderate Buy consensus rating based on seven Buys, four Holds, and one Sell. The average UAL stock price target of $55.55 suggests 6.2% upside potential. Shares have jumped nearly 39% year-to-date.
American Airlines (NASDAQ:AAL)
Robust travel demand and higher fares helped American Airlines report better-than-expected Q4 2022 earnings, while revenue was essentially in line with expectations. The carrier expects a solid demand environment to continue this year. It also projects further improvement in demand for long-haul international travel.
American Airlines is focused on improving its financial position. As of 2022-end, American reduced its total debt by over $8 billion from peak levels in Q2 2021. It is more than halfway to its goal of bringing down total debt by $15 billion by 2025-end.
Is AAL a Buy, Sell, or Hold?
Following the Q4 print, Susquehanna analyst Christopher Stathoulopoulos noted that the 2023 free cash flow outlook of about $3 billion came ahead of his expectations. Nonetheless, the analyst feels that the guidance indicates comparatively lower spending on aircraft, given delays in MAX deliveries and the direct lease of several widebodies.
The analyst raised his estimates for American Airlines but feels that the risk-reward profile is better for Delta Air Lines. Stathoulopoulos reiterated a Hold rating for American Airlines with a price target of $15.
Wall Street is sidelined on American Airlines, with a Hold consensus rating based on one Buy, seven Holds, and two Sells. The average AAL stock price target of $16.89 implies that the shares could be range bound in the near future. Shares have advanced 34% so far in 2023.
Conclusion
Shares of Delta Air Lines, United Airlines, and American Airlines have rallied so far this year. Nevertheless, analysts are more bullish about Delta and see higher upside potential in the stock compared to United and American. Delta expects to enhance its revenue, earnings, and free cash flow this year.
Aside from analysts, hedge funds are also bullish about Delta Air Lines and increased their holdings by 2 million shares last quarter. As per TipRanks’ Hedge Funds Trading Activity Tool, the confidence signal for Delta is Very Positive.
Disclosure
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Using TipRanks’ Stock Comparison Tool, we pit Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL), and American Airlines (NASDAQ:AAL) against each other to find Wall Street’s favorite airline pick in 2023. American Airlines (NASDAQ:AAL) Robust travel demand and higher fares helped American Airlines report better-than-expected Q4 2022 earnings, while revenue was essentially in line with expectations. Is AAL a Buy, Sell, or Hold?
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Using TipRanks’ Stock Comparison Tool, we pit Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL), and American Airlines (NASDAQ:AAL) against each other to find Wall Street’s favorite airline pick in 2023. American Airlines (NASDAQ:AAL) Robust travel demand and higher fares helped American Airlines report better-than-expected Q4 2022 earnings, while revenue was essentially in line with expectations. Is AAL a Buy, Sell, or Hold?
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Using TipRanks’ Stock Comparison Tool, we pit Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL), and American Airlines (NASDAQ:AAL) against each other to find Wall Street’s favorite airline pick in 2023. American Airlines (NASDAQ:AAL) Robust travel demand and higher fares helped American Airlines report better-than-expected Q4 2022 earnings, while revenue was essentially in line with expectations. Is AAL a Buy, Sell, or Hold?
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Using TipRanks’ Stock Comparison Tool, we pit Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL), and American Airlines (NASDAQ:AAL) against each other to find Wall Street’s favorite airline pick in 2023. American Airlines (NASDAQ:AAL) Robust travel demand and higher fares helped American Airlines report better-than-expected Q4 2022 earnings, while revenue was essentially in line with expectations. Is AAL a Buy, Sell, or Hold?
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2916.0
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2023-02-03 00:00:00 UTC
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American Airlines (AAL)'s Technical Outlook is Bright After Key Golden Cross
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AAL
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https://www.nasdaq.com/articles/american-airlines-aals-technical-outlook-is-bright-after-key-golden-cross
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nan
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nan
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American Airlines Group Inc. (AAL) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, AAL's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross."
There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longer-term moving average. Typically, a golden cross involves the 50-day and the 200-day moving averages, since bigger time periods tend to form stronger breakouts.
There are three stages to a golden cross. First, there must be a downtrend in a stock's price that eventually bottoms out. Then, the stock's shorter moving average crosses over its longer moving average, triggering a positive trend reversal. The third stage is when a stock continues the upward momentum to higher prices.
This kind of chart pattern is the opposite of a death cross, which is a technical event that suggests future bearish price movement.
Shares of AAL have been moving higher over the past four weeks, up 21.9%. Plus, the company is currently a #2 (Buy) on the Zacks Rank, suggesting that AAL could be poised for a breakout.
The bullish case only gets stronger once investors take into account AAL's positive earnings outlook for the current quarter. There have been 5 upwards revisions compared to none lower over the past 60 days, and the Zacks Consensus Estimate has moved up as well.
Given this move in earnings estimates and the positive technical factor, investors may want to keep their eye on AAL for more gains in the near future.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group Inc. (AAL) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, AAL's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross." Shares of AAL have been moving higher over the past four weeks, up 21.9%.
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American Airlines Group Inc. (AAL) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, AAL's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross." Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Recently, AAL's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross." American Airlines Group Inc. (AAL) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Shares of AAL have been moving higher over the past four weeks, up 21.9%.
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Recently, AAL's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross." Given this move in earnings estimates and the positive technical factor, investors may want to keep their eye on AAL for more gains in the near future. American Airlines Group Inc. (AAL) is looking like an interesting pick from a technical perspective, as the company reached a key level of support.
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2917.0
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2023-02-03 00:00:00 UTC
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Chile copper production down 0.5% in December - Cochilco
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AAL
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https://www.nasdaq.com/articles/chile-copper-production-down-0.5-in-december-cochilco
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nan
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nan
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Adds full-year data
SANTIAGO, Feb 3 (Reuters) - Chile's total copper production fell 0.5% in December to 495,800 tonnes, government body Cochilco said on Friday, meaning that output in the full year of 2022 dropped 5.3% on a yearly basis to 5.33 million tonnes.
Monthly production from state-owned giant Codelco slipped 11.8% on a yearly basis to 145,100 tonnes, Cochilco said, while output from BHP-controlled BHP.AX Escondida fell 1% to 85,500 tonnes.
Collahuasi, a joint venture of Anglo American AAL.L and Glencore GLEN.N, produced 51,300 tonnes in December, a 2.8% increase.
In the full year, Codelco's output slipped 10.1%, Cochilco said, while Escondida posted a 4.2% rise and Collahuasi a 9.4% fall. Chile is the world's top copper producer.
(Reporting by Fabian Andres Cambero; Editing by Steven Grattan)
((Gabriel.Araujo2@thomsonreuters.com; +55 11 5644 7745;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Collahuasi, a joint venture of Anglo American AAL.L and Glencore GLEN.N, produced 51,300 tonnes in December, a 2.8% increase. Adds full-year data SANTIAGO, Feb 3 (Reuters) - Chile's total copper production fell 0.5% in December to 495,800 tonnes, government body Cochilco said on Friday, meaning that output in the full year of 2022 dropped 5.3% on a yearly basis to 5.33 million tonnes. In the full year, Codelco's output slipped 10.1%, Cochilco said, while Escondida posted a 4.2% rise and Collahuasi a 9.4% fall.
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Collahuasi, a joint venture of Anglo American AAL.L and Glencore GLEN.N, produced 51,300 tonnes in December, a 2.8% increase. Adds full-year data SANTIAGO, Feb 3 (Reuters) - Chile's total copper production fell 0.5% in December to 495,800 tonnes, government body Cochilco said on Friday, meaning that output in the full year of 2022 dropped 5.3% on a yearly basis to 5.33 million tonnes. Monthly production from state-owned giant Codelco slipped 11.8% on a yearly basis to 145,100 tonnes, Cochilco said, while output from BHP-controlled BHP.AX Escondida fell 1% to 85,500 tonnes.
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Collahuasi, a joint venture of Anglo American AAL.L and Glencore GLEN.N, produced 51,300 tonnes in December, a 2.8% increase. Adds full-year data SANTIAGO, Feb 3 (Reuters) - Chile's total copper production fell 0.5% in December to 495,800 tonnes, government body Cochilco said on Friday, meaning that output in the full year of 2022 dropped 5.3% on a yearly basis to 5.33 million tonnes. Monthly production from state-owned giant Codelco slipped 11.8% on a yearly basis to 145,100 tonnes, Cochilco said, while output from BHP-controlled BHP.AX Escondida fell 1% to 85,500 tonnes.
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Collahuasi, a joint venture of Anglo American AAL.L and Glencore GLEN.N, produced 51,300 tonnes in December, a 2.8% increase. Adds full-year data SANTIAGO, Feb 3 (Reuters) - Chile's total copper production fell 0.5% in December to 495,800 tonnes, government body Cochilco said on Friday, meaning that output in the full year of 2022 dropped 5.3% on a yearly basis to 5.33 million tonnes. Monthly production from state-owned giant Codelco slipped 11.8% on a yearly basis to 145,100 tonnes, Cochilco said, while output from BHP-controlled BHP.AX Escondida fell 1% to 85,500 tonnes.
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2918.0
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2023-02-03 00:00:00 UTC
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Air Canada pilots union considers merger with larger union
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https://www.nasdaq.com/articles/air-canada-pilots-union-considers-merger-with-larger-union
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By Allison Lampert and Aishwarya Nair
MONTREAL, Feb 3 (Reuters) - The major pilots union in North America and the union representing Air Canada AC.TO pilots have had initial talks about a merger at a time when airlines are under pressure to staff up to meet rebounding travel demand, representatives of the unions told Reuters.
The Air Canada Pilots Association (ACPA) represents about 4,500 pilots who fly passengers and cargo for the airline. The Air Line Pilots Association (ALPA), the world's largest pilots union, represents more than 60,000 pilots in the United States and Canada.
A merger of the unions could give the ACPA access to additional bargaining resources as members press to make gains in future bargaining after a pandemic-induced slump in travel.
“ALPA and ACPA pilot leaders met this week for an initial discussion about a potential merger and the benefits of being stronger together," the unions said in a statement to Reuters.
"Any decision on whether to formalize a partnership would ultimately rest with the pilots and their elected leaders at each union," the statement said.
ALPA has grown as the North American airline industry as consolidated over the years. The union has added pilots at 12 carriers in Canada and the United States since 2019.
"With fewer airlines to represent, they seem to be doing a better job of representing all pilots," said Helane Becker, an analyst at investment Cowen who tracks the industry.
Pilots at the largest U.S. carrier, American Airlines Group AAL.O agreed late last year to explore a merger with ALPA, which represents pilots at United Airlines UAL.O and Delta Air Lines DAL.N.
The Allied Pilots Assocation (APA) represents about 15,000 pilots at American. An APA committee is expected to issue a report on the potential merger in May.
North American pilots are commanding increased leverage as carriers staff up to meet booming demand, putting pressure on U.S. airline profits.
Delta Air Lines' DAL.N recent offer to give pilots a 34% cumulative pay increase in a new four-year contract has boosted hopes of similar raises at rivals United Airlines UAL.O and American.
United, Delta, American and Southwest Airlines Co LUV.N are planning to hire 8,000 pilots this year compared to the historical average of 6,000 to 7,000, United Chief Executive Scott Kirby said recently.
Canada's largest carrier and its pilots reached a 10-year agreement in 2014.
(Reporting By Allison Lampert in Montreal and Aishwarya Nair in Bengaluru. Additional reporting by Rajesh Kumar Singh in Chicago; Editing by Chizu Nomiyama)
((Allison.Lampert@thomsonreuters.com; 514-796-4212; Reuters Messaging: allison.lampert.reuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Pilots at the largest U.S. carrier, American Airlines Group AAL.O agreed late last year to explore a merger with ALPA, which represents pilots at United Airlines UAL.O and Delta Air Lines DAL.N. “ALPA and ACPA pilot leaders met this week for an initial discussion about a potential merger and the benefits of being stronger together," the unions said in a statement to Reuters. North American pilots are commanding increased leverage as carriers staff up to meet booming demand, putting pressure on U.S. airline profits.
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Pilots at the largest U.S. carrier, American Airlines Group AAL.O agreed late last year to explore a merger with ALPA, which represents pilots at United Airlines UAL.O and Delta Air Lines DAL.N. By Allison Lampert and Aishwarya Nair MONTREAL, Feb 3 (Reuters) - The major pilots union in North America and the union representing Air Canada AC.TO pilots have had initial talks about a merger at a time when airlines are under pressure to staff up to meet rebounding travel demand, representatives of the unions told Reuters. The Air Canada Pilots Association (ACPA) represents about 4,500 pilots who fly passengers and cargo for the airline.
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Pilots at the largest U.S. carrier, American Airlines Group AAL.O agreed late last year to explore a merger with ALPA, which represents pilots at United Airlines UAL.O and Delta Air Lines DAL.N. By Allison Lampert and Aishwarya Nair MONTREAL, Feb 3 (Reuters) - The major pilots union in North America and the union representing Air Canada AC.TO pilots have had initial talks about a merger at a time when airlines are under pressure to staff up to meet rebounding travel demand, representatives of the unions told Reuters. The Air Line Pilots Association (ALPA), the world's largest pilots union, represents more than 60,000 pilots in the United States and Canada.
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Pilots at the largest U.S. carrier, American Airlines Group AAL.O agreed late last year to explore a merger with ALPA, which represents pilots at United Airlines UAL.O and Delta Air Lines DAL.N. By Allison Lampert and Aishwarya Nair MONTREAL, Feb 3 (Reuters) - The major pilots union in North America and the union representing Air Canada AC.TO pilots have had initial talks about a merger at a time when airlines are under pressure to staff up to meet rebounding travel demand, representatives of the unions told Reuters. ALPA has grown as the North American airline industry as consolidated over the years.
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2919.0
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2023-02-02 00:00:00 UTC
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METALS-Copper heads for weekly losses amid demand pressure, dollar gain
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https://www.nasdaq.com/articles/metals-copper-heads-for-weekly-losses-amid-demand-pressure-dollar-gain
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BEIJING, Feb 3 (Reuters) - Copper prices dipped on Friday, heading for a weekly loss, as soft global demand weighed on sentiment despite the latest supply disruptions.
Three-month copper on the London Metal Exchange CMCU3 was down 0.2% at $9,038 a tonne by 0158 GMT. For the week so far, the contract is down 2.4%.
Citi Research economists believe a softer-than-anticipated China recovery and sustained manufacturing sector weakness outside of China will keep metals demand under pressure.
U.S. manufacturing contracted further in January as higher interest rates stifled demand for goods, but factories did not appear to be laying off workers in large numbers.
The dollar on Friday recovered from a heavy selloff in the aftermath of Federal Reserve Chair Jerome Powell's speech, and against a basket of currencies, making it less attractive for non-dollar holders to buy the greenback-priced commodity.
Investors now eye a jobs report in the United States due later in the day. The strength of the labour market is a key concern for the Fed, which announced a 25 basis-points interest rate hike Wednesday.
The most-traded March copper contract on the Shanghai Futures Exchange SCFcv1 inched 1% down at 68,490 yuan($10,157.95) a tonne.
Among other metals, LME aluminium CMAL3 dipped 0.3% to $2,608 a tonne, tin CMSN3 eased 1.3% to $28,995 a tonne and zinc CMZN3 fell 1% to $3,348 a tonne, while lead CMPB3 advanced 0.5% to $2,144 a tonne.
SHFE aluminium SAFcv1 slid 0.3% at 19,060 yuan a tonne, while lead SPBcv1 inched 0.1% down to 15,290 yuan a tonne, while nickel SNIcv1 added 0.6% to 222,150 yuan a tonne and zinc SZNcv1 was up 0.2% at 24,205 yuan a tonne.
For the top stories in metals and other news, click TOP/MTL or MET/L
($1 = 6.7425 Chinese yuan)
(Reporting by Siyi Liu and Dominique Patton; editing by Uttaresh.V)
((Siyi.Liu@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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BEIJING, Feb 3 (Reuters) - Copper prices dipped on Friday, heading for a weekly loss, as soft global demand weighed on sentiment despite the latest supply disruptions. U.S. manufacturing contracted further in January as higher interest rates stifled demand for goods, but factories did not appear to be laying off workers in large numbers. The dollar on Friday recovered from a heavy selloff in the aftermath of Federal Reserve Chair Jerome Powell's speech, and against a basket of currencies, making it less attractive for non-dollar holders to buy the greenback-priced commodity.
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The most-traded March copper contract on the Shanghai Futures Exchange SCFcv1 inched 1% down at 68,490 yuan($10,157.95) a tonne. Among other metals, LME aluminium CMAL3 dipped 0.3% to $2,608 a tonne, tin CMSN3 eased 1.3% to $28,995 a tonne and zinc CMZN3 fell 1% to $3,348 a tonne, while lead CMPB3 advanced 0.5% to $2,144 a tonne. SHFE aluminium SAFcv1 slid 0.3% at 19,060 yuan a tonne, while lead SPBcv1 inched 0.1% down to 15,290 yuan a tonne, while nickel SNIcv1 added 0.6% to 222,150 yuan a tonne and zinc SZNcv1 was up 0.2% at 24,205 yuan a tonne.
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Among other metals, LME aluminium CMAL3 dipped 0.3% to $2,608 a tonne, tin CMSN3 eased 1.3% to $28,995 a tonne and zinc CMZN3 fell 1% to $3,348 a tonne, while lead CMPB3 advanced 0.5% to $2,144 a tonne. SHFE aluminium SAFcv1 slid 0.3% at 19,060 yuan a tonne, while lead SPBcv1 inched 0.1% down to 15,290 yuan a tonne, while nickel SNIcv1 added 0.6% to 222,150 yuan a tonne and zinc SZNcv1 was up 0.2% at 24,205 yuan a tonne. For the top stories in metals and other news, click TOP/MTL or MET/L ($1 = 6.7425 Chinese yuan) (Reporting by Siyi Liu and Dominique Patton; editing by Uttaresh.V) ((Siyi.Liu@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For the week so far, the contract is down 2.4%. U.S. manufacturing contracted further in January as higher interest rates stifled demand for goods, but factories did not appear to be laying off workers in large numbers. The most-traded March copper contract on the Shanghai Futures Exchange SCFcv1 inched 1% down at 68,490 yuan($10,157.95) a tonne.
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2920.0
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2023-02-02 00:00:00 UTC
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Kumba delivers profit warning after rail problems hit exports
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https://www.nasdaq.com/articles/kumba-delivers-profit-warning-after-rail-problems-hit-exports
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Feb 2 (Reuters) - Kumba Iron Ore KIOJ.J warned on Thursday that 2022 profit could have slumped by as much as 44% due to weaker iron ore prices and rail logistics problems in South Africa.
Kumba said it expects headline earnings per share (HEPS) - the main profit measure used in South Africa - between 58.29-64.49 rand ($3.41-$3.77) in the full year to December 2022, compared to 103.65 rand the previous year.
The Anglo American unit, which exports iron ore mainly to China, Japan, South Korea, Europe and the Middle East, produced 37.7 million tonnes of the key steel ingredient in 2022, down from 40.9 million tonnes the previous year.
Sales were 9% lower at 36.6 million tonnes, as rail problems impacted Kumba's capacity to move iron ore to port.
South Africa's state-owned freight rail operator Transnet is operating below capacity due to locomotive shortages, poor maintenance, a lack of spare parts and massive copper cable theft, costing iron ore and coal exporters billions of rand in potential revenue.
Transnet's operations were also disrupted by a 12-day strike last October as its workers pushed for a wage increase.
The impact of Transnet's constraints on Kumba's exports was particularly telling in the fourth quarter of 2022, when sales fell 35% to 6.9 million tonnes compared to the same period of 2021, and 31% from the previous quarter.
Kumba will release its 2022 financial results on Feb.21.
($1 = 17.0908 rand)
(Reporting by Nelson Banya;Editing by Elaine Hardcastle)
((Nelson.Banya@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Anglo American unit, which exports iron ore mainly to China, Japan, South Korea, Europe and the Middle East, produced 37.7 million tonnes of the key steel ingredient in 2022, down from 40.9 million tonnes the previous year. Sales were 9% lower at 36.6 million tonnes, as rail problems impacted Kumba's capacity to move iron ore to port. South Africa's state-owned freight rail operator Transnet is operating below capacity due to locomotive shortages, poor maintenance, a lack of spare parts and massive copper cable theft, costing iron ore and coal exporters billions of rand in potential revenue.
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Kumba said it expects headline earnings per share (HEPS) - the main profit measure used in South Africa - between 58.29-64.49 rand ($3.41-$3.77) in the full year to December 2022, compared to 103.65 rand the previous year. Sales were 9% lower at 36.6 million tonnes, as rail problems impacted Kumba's capacity to move iron ore to port. South Africa's state-owned freight rail operator Transnet is operating below capacity due to locomotive shortages, poor maintenance, a lack of spare parts and massive copper cable theft, costing iron ore and coal exporters billions of rand in potential revenue.
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Feb 2 (Reuters) - Kumba Iron Ore KIOJ.J warned on Thursday that 2022 profit could have slumped by as much as 44% due to weaker iron ore prices and rail logistics problems in South Africa. The Anglo American unit, which exports iron ore mainly to China, Japan, South Korea, Europe and the Middle East, produced 37.7 million tonnes of the key steel ingredient in 2022, down from 40.9 million tonnes the previous year. South Africa's state-owned freight rail operator Transnet is operating below capacity due to locomotive shortages, poor maintenance, a lack of spare parts and massive copper cable theft, costing iron ore and coal exporters billions of rand in potential revenue.
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Kumba said it expects headline earnings per share (HEPS) - the main profit measure used in South Africa - between 58.29-64.49 rand ($3.41-$3.77) in the full year to December 2022, compared to 103.65 rand the previous year. Sales were 9% lower at 36.6 million tonnes, as rail problems impacted Kumba's capacity to move iron ore to port. South Africa's state-owned freight rail operator Transnet is operating below capacity due to locomotive shortages, poor maintenance, a lack of spare parts and massive copper cable theft, costing iron ore and coal exporters billions of rand in potential revenue.
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2921.0
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2023-02-02 00:00:00 UTC
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Anglo American quarterly copper output jumps more than 50%
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https://www.nasdaq.com/articles/anglo-american-quarterly-copper-output-jumps-more-than-50
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Adds detail
LONDON, Feb 2 (Reuters) - Global miner Anglo American's AAL.L fourth-quarter production rose 10%, boosted by its Quellaveco copper mine in Peru and rough diamond output from De Beers.
The group reported a 52% surge in quarterly copper output to 244,000 tonnes thanks to the ramp-up of Quellaveco.
A bright spot among miners hunting for minerals to power the green energy boom, Anglo American registered a 3% rise in annual output of copper, which is used in rechargeable batteries and charging stations for electric vehicles.
That was in contrast to copper production declines reported by other miners, including GlencoreGLEN.L and AntofagastaANTO.L.
London-listed Anglo American in December joined its peers in cutting its forecast for 2023 copper production, citing extreme weather, labour issues and lower grades of metal among the causes. It expects output between 840,000 and 930,000 tonnes for the year.
Anglo on Thursday warned that production in Chile is subject to water availability as the world's largest copper producer battles persistent drought. Peru's output, meanwhile, could be affected by political instability.
Peru has been gripped by growing unrest after weeks of sometimes violent anti-government protests triggered by the ousting of its former president in December.
Anglo's output of rough diamonds increased by 7% last year to 34.6 million carats, but the miner expects that to fall this year to between 30 million and 33 million carats.
(Reporting by Clara Denina and Muhammed Husain Editing by David Goodman)
((Clara.Denina@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds detail LONDON, Feb 2 (Reuters) - Global miner Anglo American's AAL.L fourth-quarter production rose 10%, boosted by its Quellaveco copper mine in Peru and rough diamond output from De Beers. London-listed Anglo American in December joined its peers in cutting its forecast for 2023 copper production, citing extreme weather, labour issues and lower grades of metal among the causes. Anglo on Thursday warned that production in Chile is subject to water availability as the world's largest copper producer battles persistent drought.
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Adds detail LONDON, Feb 2 (Reuters) - Global miner Anglo American's AAL.L fourth-quarter production rose 10%, boosted by its Quellaveco copper mine in Peru and rough diamond output from De Beers. That was in contrast to copper production declines reported by other miners, including GlencoreGLEN.L and AntofagastaANTO.L. Anglo's output of rough diamonds increased by 7% last year to 34.6 million carats, but the miner expects that to fall this year to between 30 million and 33 million carats.
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Adds detail LONDON, Feb 2 (Reuters) - Global miner Anglo American's AAL.L fourth-quarter production rose 10%, boosted by its Quellaveco copper mine in Peru and rough diamond output from De Beers. A bright spot among miners hunting for minerals to power the green energy boom, Anglo American registered a 3% rise in annual output of copper, which is used in rechargeable batteries and charging stations for electric vehicles. Anglo's output of rough diamonds increased by 7% last year to 34.6 million carats, but the miner expects that to fall this year to between 30 million and 33 million carats.
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Adds detail LONDON, Feb 2 (Reuters) - Global miner Anglo American's AAL.L fourth-quarter production rose 10%, boosted by its Quellaveco copper mine in Peru and rough diamond output from De Beers. A bright spot among miners hunting for minerals to power the green energy boom, Anglo American registered a 3% rise in annual output of copper, which is used in rechargeable batteries and charging stations for electric vehicles. It expects output between 840,000 and 930,000 tonnes for the year.
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2922.0
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2023-02-02 00:00:00 UTC
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Miner Anglo American's fourth quarter output rises as copper production jumps
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https://www.nasdaq.com/articles/miner-anglo-americans-fourth-quarter-output-rises-as-copper-production-jumps
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Feb 2 (Reuters) - Global miner Anglo American Plc AAL.L said on Thursday its fourth quarter production rose 10%, supported by copper output at its Quellaveco mine in Peru and strong rough diamond production from De Beers.
The group reported a 52% surge in quarterly copper output to 244,000 tonnes thanks to its performance at Quellaveco, but retained its 2023 copper production forecast as operations in Chile remained broadly flat.
(Reporting by Muhammed Husain in Bengaluru; Editing by Rashmi Aich)
((Muhammed.Husain@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Feb 2 (Reuters) - Global miner Anglo American Plc AAL.L said on Thursday its fourth quarter production rose 10%, supported by copper output at its Quellaveco mine in Peru and strong rough diamond production from De Beers. The group reported a 52% surge in quarterly copper output to 244,000 tonnes thanks to its performance at Quellaveco, but retained its 2023 copper production forecast as operations in Chile remained broadly flat. (Reporting by Muhammed Husain in Bengaluru; Editing by Rashmi Aich) ((Muhammed.Husain@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Feb 2 (Reuters) - Global miner Anglo American Plc AAL.L said on Thursday its fourth quarter production rose 10%, supported by copper output at its Quellaveco mine in Peru and strong rough diamond production from De Beers. The group reported a 52% surge in quarterly copper output to 244,000 tonnes thanks to its performance at Quellaveco, but retained its 2023 copper production forecast as operations in Chile remained broadly flat. (Reporting by Muhammed Husain in Bengaluru; Editing by Rashmi Aich) ((Muhammed.Husain@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Feb 2 (Reuters) - Global miner Anglo American Plc AAL.L said on Thursday its fourth quarter production rose 10%, supported by copper output at its Quellaveco mine in Peru and strong rough diamond production from De Beers. The group reported a 52% surge in quarterly copper output to 244,000 tonnes thanks to its performance at Quellaveco, but retained its 2023 copper production forecast as operations in Chile remained broadly flat. (Reporting by Muhammed Husain in Bengaluru; Editing by Rashmi Aich) ((Muhammed.Husain@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Feb 2 (Reuters) - Global miner Anglo American Plc AAL.L said on Thursday its fourth quarter production rose 10%, supported by copper output at its Quellaveco mine in Peru and strong rough diamond production from De Beers. The group reported a 52% surge in quarterly copper output to 244,000 tonnes thanks to its performance at Quellaveco, but retained its 2023 copper production forecast as operations in Chile remained broadly flat. (Reporting by Muhammed Husain in Bengaluru; Editing by Rashmi Aich) ((Muhammed.Husain@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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2923.0
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2023-02-02 00:00:00 UTC
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Amplats says 2022 refined PGM output fell 25%, 2023 outlook unchanged
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https://www.nasdaq.com/articles/amplats-says-2022-refined-pgm-output-fell-25-2023-outlook-unchanged
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Adds details
HARARE, Feb 2 (Reuters) - Anglo American Platinum AMSJ.J reported on Thursday a fall of 25% in refined platinum group metal (PGM) output in 2022, due to the delayed Polokwane smelter rebuild, power outages, as well as lower mine production and grades.
The Johannesburg-listed Amplats said refined PGM production from its operations was 3.831,1 million ounces in 2022, down from 5.138,4 million ounces the previous year.
The miner said its refined PGM production guidance for 2023 was unchanged, between 3.6 million and 4 million ounces, subject to the impact of Eskom power cuts.
The miner said the rebuild of the Polokwane smelter was delayed in October 2022 due to the delivery of sub-standard materials for furnace construction, and was completed in December 2022.
South Africa's state-owned power utility Eskom has been implementing extended electricity cuts due to frequent breakdowns at its ageing thermal plants, affecting key sectors of Africa's most advanced economy, including mining.
Amplats said a combination of the delayed smelter rebuild and power cuts had resulted in a year-end build-up in work-
in-progress inventory of about 100,000 PGM ounces.
(Reporting by Nelson Banya; Editing by Jacqueline Wong and Clarence Fernandez)
((Nelson.Banya@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds details HARARE, Feb 2 (Reuters) - Anglo American Platinum AMSJ.J reported on Thursday a fall of 25% in refined platinum group metal (PGM) output in 2022, due to the delayed Polokwane smelter rebuild, power outages, as well as lower mine production and grades. The miner said the rebuild of the Polokwane smelter was delayed in October 2022 due to the delivery of sub-standard materials for furnace construction, and was completed in December 2022. Amplats said a combination of the delayed smelter rebuild and power cuts had resulted in a year-end build-up in work- in-progress inventory of about 100,000 PGM ounces.
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Adds details HARARE, Feb 2 (Reuters) - Anglo American Platinum AMSJ.J reported on Thursday a fall of 25% in refined platinum group metal (PGM) output in 2022, due to the delayed Polokwane smelter rebuild, power outages, as well as lower mine production and grades. The Johannesburg-listed Amplats said refined PGM production from its operations was 3.831,1 million ounces in 2022, down from 5.138,4 million ounces the previous year. Amplats said a combination of the delayed smelter rebuild and power cuts had resulted in a year-end build-up in work- in-progress inventory of about 100,000 PGM ounces.
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Adds details HARARE, Feb 2 (Reuters) - Anglo American Platinum AMSJ.J reported on Thursday a fall of 25% in refined platinum group metal (PGM) output in 2022, due to the delayed Polokwane smelter rebuild, power outages, as well as lower mine production and grades. The Johannesburg-listed Amplats said refined PGM production from its operations was 3.831,1 million ounces in 2022, down from 5.138,4 million ounces the previous year. The miner said its refined PGM production guidance for 2023 was unchanged, between 3.6 million and 4 million ounces, subject to the impact of Eskom power cuts.
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Adds details HARARE, Feb 2 (Reuters) - Anglo American Platinum AMSJ.J reported on Thursday a fall of 25% in refined platinum group metal (PGM) output in 2022, due to the delayed Polokwane smelter rebuild, power outages, as well as lower mine production and grades. The Johannesburg-listed Amplats said refined PGM production from its operations was 3.831,1 million ounces in 2022, down from 5.138,4 million ounces the previous year. The miner said the rebuild of the Polokwane smelter was delayed in October 2022 due to the delivery of sub-standard materials for furnace construction, and was completed in December 2022.
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2924.0
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2023-02-01 00:00:00 UTC
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U.S. airline group blasts White House competition efforts
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https://www.nasdaq.com/articles/u.s.-airline-group-blasts-white-house-competition-efforts-0
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By David Shepardson
WASHINGTON, Feb 1 (Reuters) - A group representing major U.S. airlines on Wednesday blasted White House proposals on competition in the industry as "short-sighted" and said they would "drive-up costs and reduce choices" for consumers.
The White House said on Wednesday the Transportation Department (USDOT) will propose new regulations to bar airlines from charging family members to sit near young children after DOT in 2021 proposed requiring airlines to refund fees for delayed bags.
"The federal government should be focused on 21st century policies and procedures that drive our nation’s aviation system forward, rather than making efforts that threaten to reduce access and affordability for consumers," said Airlines for America (A4A), a group representing Delta Air Lines DAL.N, United Airlines UAL.O, American Airlines AAL.O, Southwest Airlines LUV.N and others.
A4A said its member airlines "make every effort to accommodate customers traveling together, especially those traveling with children, without additional charges."
The Biden administration has taken steps it says will inject more competition into the airline industry. The U.S. Justice Department sued to unwind American Airlines Northeast Alliance with JetBlue Airways JBLU.O and USDOT reassigned 16 peak-hour flights at congested Newark Airport to Spirit Airlines SAVE.N.
A4A on Wednesday said "the White House should get the facts straight amid efforts to impose new policies and regulations on our nation’s aviation industry." The White House declined to comment.
A4A separately posted a point-by-point statement Wednesday seeking to refute comments Transportation Secretary Pete Buttigieg made on CNBC about airline competition, arguing "there is no evidence of a market failure or unfair or deceptive practices." USDOT did not comment.
Airlines are facing growing calls in Congress to boost consumer protections after a series of disruptions including a holiday meltdown at Southwest that resulted in the cancellation of more than 16,000 flights.
Airlines have previously sparred with Buttigieg over flight disruptions this summer. Buttigieg pushed airlines to adopt consumer protections even as some critics say he has not been tough enough on airlines.
U.S. lawmakers Tuesday proposed sweeping legislation to require airline passengers get refunds for delayed flights, prohibit airlines from further shrinking plane seat sizes and give consumers new rights to sue airlines for unfair practices.
A4A said "instituting government-controlled pricing, establishing a private right of action and dictating private sector contracts – would decrease competition and inevitably lead to higher ticket prices and reduced services to small and rural communities."
(Reporting by David Shepardson; Editing by Chris Reese and Stephen Coates)
((David.Shepardson@thomsonreuters.com; 2028988324;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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"The federal government should be focused on 21st century policies and procedures that drive our nation’s aviation system forward, rather than making efforts that threaten to reduce access and affordability for consumers," said Airlines for America (A4A), a group representing Delta Air Lines DAL.N, United Airlines UAL.O, American Airlines AAL.O, Southwest Airlines LUV.N and others. By David Shepardson WASHINGTON, Feb 1 (Reuters) - A group representing major U.S. airlines on Wednesday blasted White House proposals on competition in the industry as "short-sighted" and said they would "drive-up costs and reduce choices" for consumers. A4A separately posted a point-by-point statement Wednesday seeking to refute comments Transportation Secretary Pete Buttigieg made on CNBC about airline competition, arguing "there is no evidence of a market failure or unfair or deceptive practices."
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"The federal government should be focused on 21st century policies and procedures that drive our nation’s aviation system forward, rather than making efforts that threaten to reduce access and affordability for consumers," said Airlines for America (A4A), a group representing Delta Air Lines DAL.N, United Airlines UAL.O, American Airlines AAL.O, Southwest Airlines LUV.N and others. By David Shepardson WASHINGTON, Feb 1 (Reuters) - A group representing major U.S. airlines on Wednesday blasted White House proposals on competition in the industry as "short-sighted" and said they would "drive-up costs and reduce choices" for consumers. The White House said on Wednesday the Transportation Department (USDOT) will propose new regulations to bar airlines from charging family members to sit near young children after DOT in 2021 proposed requiring airlines to refund fees for delayed bags.
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"The federal government should be focused on 21st century policies and procedures that drive our nation’s aviation system forward, rather than making efforts that threaten to reduce access and affordability for consumers," said Airlines for America (A4A), a group representing Delta Air Lines DAL.N, United Airlines UAL.O, American Airlines AAL.O, Southwest Airlines LUV.N and others. The White House said on Wednesday the Transportation Department (USDOT) will propose new regulations to bar airlines from charging family members to sit near young children after DOT in 2021 proposed requiring airlines to refund fees for delayed bags. U.S. lawmakers Tuesday proposed sweeping legislation to require airline passengers get refunds for delayed flights, prohibit airlines from further shrinking plane seat sizes and give consumers new rights to sue airlines for unfair practices.
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"The federal government should be focused on 21st century policies and procedures that drive our nation’s aviation system forward, rather than making efforts that threaten to reduce access and affordability for consumers," said Airlines for America (A4A), a group representing Delta Air Lines DAL.N, United Airlines UAL.O, American Airlines AAL.O, Southwest Airlines LUV.N and others. The White House said on Wednesday the Transportation Department (USDOT) will propose new regulations to bar airlines from charging family members to sit near young children after DOT in 2021 proposed requiring airlines to refund fees for delayed bags. USDOT did not comment.
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2925.0
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2023-02-01 00:00:00 UTC
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Biden moves to slash U.S. credit card fees, app charges
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AAL
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https://www.nasdaq.com/articles/biden-moves-to-slash-u.s.-credit-card-fees-app-charges-0
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nan
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nan
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By Douglas Gillison and David Shepardson
WASHINGTON, Feb 1 (Reuters) - The White House on Wednesday was due to announce fresh efforts to slash credit card late fees and drive down the prices that Apple Inc AAPL.O and Google parent Alphabet Inc GOOGL.O charge on mobile app stores.
The move is part of a larger policy drive to promote competition in consumer markets, officials said.
President Joe Biden was also set to urge Congress to ban hidden "junk fees" and penalties that a federal consumer watchdog says are creeping into everyday retail services across industries, driving up consumer costs, including fees airlines charge for family members to sit next to young children, White House officials said.
Biden has been beating the drum on inflation, criticizing Republicans who now control the House of Representatives for backing tax measures that he said would benefit the wealthy at the expense of middle-class taxpayers.
Biden, who is expected to announce a bid for re-election in the coming weeks, has also been slamming Republicans for their refusal to approve an increase in the U.S. debt ceiling unless there is a deal on spending cuts.
Wednesday's announcement coincides with a scheduled meeting between Biden and House Speaker Kevin McCarthy that is likely to mark the start of protracted maneuvering on raising the $31.4 trillion borrowing cap.
The Consumer Financial Protection Bureau will propose on Wednesday a rule to ban "excessive" fees that credit card issuers charge for late payments, something the bureau estimated costs consumers $12 billion a year.
"When someone misses a credit card payment, even if they paid just a day or two late, or even a few hours, they can be hit with a cascading series of fees," CFPB Director Rohit Chopra told reporters in a Tuesday call.
Chopra said such fees far exceeded any additional costs that lenders incurred.
The White House estimates the rule is projected to reduce typical late fees from roughly $30 to $8, saving consumers as much as $9 billion a year.
The rule could take effect in 2024 after a comment period, Chopra said. However, regulations are frequently subject to challenge and litigation by industry groups that can block or delay them.
The National Telecommunications and Information Administration (NTIA), an arm of the Commerce Department, is also releasing a report on Wednesday denouncing the market dominance enjoyed by Apple and Google in the app economy, where the vast majority of smartphone users and developers are hemmed inside the tech giants' software ecosystems, which the NTIA said drives up costs and limits innovation.
The report calls for greater user control over which applications are available, an end to platform operators' "self-preference" for their own apps, and a ban on requirements that apps use the operators' in-app payments systems.
An Apple spokesperson, in a statement, said that while the report "acknowledges the importance of user privacy, data security and user convenience," some of its conclusions "ignore the investments we make in innovation, privacy and security."
Google also disagreed with the report's findings, saying through a spokesperson that its Android system "enables more choice and competition than any other mobile operating system."
Meanwhile, the Transportation Department on Wednesday will propose regulations to bar airlines from charging family members to be seated next to children age 13 or younger and will disclose on a government dashboard which airlines do not charge such fees, the White House said.
Wednesday's announcements will mark the fourth meeting of Biden's Competition Council, created in 2021 when consumer inflation was at 40-year highs and was widely seen as a political headwind ahead of the 2022 midterm elections.
(Reporting by Douglas Gillison and David Shepardson; Editing by Leslie Adler, Susan Heavey and Sharon Singleton)
((douglas.gillison@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Douglas Gillison and David Shepardson WASHINGTON, Feb 1 (Reuters) - The White House on Wednesday was due to announce fresh efforts to slash credit card late fees and drive down the prices that Apple Inc AAPL.O and Google parent Alphabet Inc GOOGL.O charge on mobile app stores. Wednesday's announcement coincides with a scheduled meeting between Biden and House Speaker Kevin McCarthy that is likely to mark the start of protracted maneuvering on raising the $31.4 trillion borrowing cap. "When someone misses a credit card payment, even if they paid just a day or two late, or even a few hours, they can be hit with a cascading series of fees," CFPB Director Rohit Chopra told reporters in a Tuesday call.
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President Joe Biden was also set to urge Congress to ban hidden "junk fees" and penalties that a federal consumer watchdog says are creeping into everyday retail services across industries, driving up consumer costs, including fees airlines charge for family members to sit next to young children, White House officials said. The Consumer Financial Protection Bureau will propose on Wednesday a rule to ban "excessive" fees that credit card issuers charge for late payments, something the bureau estimated costs consumers $12 billion a year. Meanwhile, the Transportation Department on Wednesday will propose regulations to bar airlines from charging family members to be seated next to children age 13 or younger and will disclose on a government dashboard which airlines do not charge such fees, the White House said.
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By Douglas Gillison and David Shepardson WASHINGTON, Feb 1 (Reuters) - The White House on Wednesday was due to announce fresh efforts to slash credit card late fees and drive down the prices that Apple Inc AAPL.O and Google parent Alphabet Inc GOOGL.O charge on mobile app stores. President Joe Biden was also set to urge Congress to ban hidden "junk fees" and penalties that a federal consumer watchdog says are creeping into everyday retail services across industries, driving up consumer costs, including fees airlines charge for family members to sit next to young children, White House officials said. The Consumer Financial Protection Bureau will propose on Wednesday a rule to ban "excessive" fees that credit card issuers charge for late payments, something the bureau estimated costs consumers $12 billion a year.
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By Douglas Gillison and David Shepardson WASHINGTON, Feb 1 (Reuters) - The White House on Wednesday was due to announce fresh efforts to slash credit card late fees and drive down the prices that Apple Inc AAPL.O and Google parent Alphabet Inc GOOGL.O charge on mobile app stores. President Joe Biden was also set to urge Congress to ban hidden "junk fees" and penalties that a federal consumer watchdog says are creeping into everyday retail services across industries, driving up consumer costs, including fees airlines charge for family members to sit next to young children, White House officials said. The Consumer Financial Protection Bureau will propose on Wednesday a rule to ban "excessive" fees that credit card issuers charge for late payments, something the bureau estimated costs consumers $12 billion a year.
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2926.0
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2023-02-01 00:00:00 UTC
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U.S. airline group blasts White House competition efforts
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AAL
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https://www.nasdaq.com/articles/u.s.-airline-group-blasts-white-house-competition-efforts
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nan
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nan
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WASHINGTON, Feb 1 (Reuters) - A group representing major U.S. airlines blasted White House proposals on competition in the industry as "short-sighted" and said they would "drive-up costs and reduce choices" for consumers.
The White House said on Wednesday the Transportation Department (USDOT) will propose new regulations to bar airlines from charging family members to sit near young children after DOT in 2021 proposed requiring airlines to refund fees for delayed bags.
"The federal government should be focused on 21st century policies and procedures that drive our nation’s aviation system forward, rather than making efforts that threaten to reduce access and affordability for consumers," said Airlines for America, a group representing Delta Air Lines DAL.N, United Airlines UAL.O, American Airlines AAL.O, Southwest Airlines LUV.N and others.
(Reporting by David Shepardson Editing by Chris Reese)
((David.Shepardson@thomsonreuters.com; 2028988324;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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"The federal government should be focused on 21st century policies and procedures that drive our nation’s aviation system forward, rather than making efforts that threaten to reduce access and affordability for consumers," said Airlines for America, a group representing Delta Air Lines DAL.N, United Airlines UAL.O, American Airlines AAL.O, Southwest Airlines LUV.N and others. WASHINGTON, Feb 1 (Reuters) - A group representing major U.S. airlines blasted White House proposals on competition in the industry as "short-sighted" and said they would "drive-up costs and reduce choices" for consumers. The White House said on Wednesday the Transportation Department (USDOT) will propose new regulations to bar airlines from charging family members to sit near young children after DOT in 2021 proposed requiring airlines to refund fees for delayed bags.
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"The federal government should be focused on 21st century policies and procedures that drive our nation’s aviation system forward, rather than making efforts that threaten to reduce access and affordability for consumers," said Airlines for America, a group representing Delta Air Lines DAL.N, United Airlines UAL.O, American Airlines AAL.O, Southwest Airlines LUV.N and others. WASHINGTON, Feb 1 (Reuters) - A group representing major U.S. airlines blasted White House proposals on competition in the industry as "short-sighted" and said they would "drive-up costs and reduce choices" for consumers. The White House said on Wednesday the Transportation Department (USDOT) will propose new regulations to bar airlines from charging family members to sit near young children after DOT in 2021 proposed requiring airlines to refund fees for delayed bags.
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"The federal government should be focused on 21st century policies and procedures that drive our nation’s aviation system forward, rather than making efforts that threaten to reduce access and affordability for consumers," said Airlines for America, a group representing Delta Air Lines DAL.N, United Airlines UAL.O, American Airlines AAL.O, Southwest Airlines LUV.N and others. The White House said on Wednesday the Transportation Department (USDOT) will propose new regulations to bar airlines from charging family members to sit near young children after DOT in 2021 proposed requiring airlines to refund fees for delayed bags. (Reporting by David Shepardson Editing by Chris Reese) ((David.Shepardson@thomsonreuters.com; 2028988324;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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"The federal government should be focused on 21st century policies and procedures that drive our nation’s aviation system forward, rather than making efforts that threaten to reduce access and affordability for consumers," said Airlines for America, a group representing Delta Air Lines DAL.N, United Airlines UAL.O, American Airlines AAL.O, Southwest Airlines LUV.N and others. WASHINGTON, Feb 1 (Reuters) - A group representing major U.S. airlines blasted White House proposals on competition in the industry as "short-sighted" and said they would "drive-up costs and reduce choices" for consumers. The White House said on Wednesday the Transportation Department (USDOT) will propose new regulations to bar airlines from charging family members to sit near young children after DOT in 2021 proposed requiring airlines to refund fees for delayed bags.
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2927.0
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2023-02-01 00:00:00 UTC
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Airlines cancel over 1,400 U.S. flights as ice storm hits multiple states
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AAL
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https://www.nasdaq.com/articles/airlines-cancel-over-1400-u.s.-flights-as-ice-storm-hits-multiple-states
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nan
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nan
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Feb 1 (Reuters) - Airlines canceled over 1,400 flights in the United States on Wednesday, after an ice storm hit states from Texas to West Virginia.
A total of 1,467 flights within, into or out of the United States were canceled, while 527 flights were delayed as of 6.48 a.m. ET, according to flight-tracking website FlightAware.
The Federal Aviation Administration (FAA) on Tuesday warned in a tweet that travelers could expect to see some snowy conditions in certain areas including Dallas, Fort Worth and Memphis, which could delay certain flights.
"The ongoing winter storm will continue to bring hazardous impacts to North and Central Texas through at least early Thursday morning," The U.S. National Weather Service said in its Dallas-Fort Worth, Texas area forecast discussion.
Low-cost carrier Southwest Airlines Co LUV.N led cancellations with 487 flights, while Fort Worth, Texas-based peer American Airlines Group Inc AAL.O closely followed, canceling nearly 480 flights.
Southwest and American did not immediately respond to Reuters' requests for comment.
The latest cancellations come nearly a month after Southwest faced U.S. government backlash for canceling 16,700 flights over the holidays, as it grappled with bad weather and outdated technology.
U.S. weatherhttps://tmsnrt.rs/3HMIr2F
(Reporting by Nathan Gomes and Arpan Varghese in Bengaluru; Editing by Rashmi Aich)
((Nathan.Gomes@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Low-cost carrier Southwest Airlines Co LUV.N led cancellations with 487 flights, while Fort Worth, Texas-based peer American Airlines Group Inc AAL.O closely followed, canceling nearly 480 flights. The Federal Aviation Administration (FAA) on Tuesday warned in a tweet that travelers could expect to see some snowy conditions in certain areas including Dallas, Fort Worth and Memphis, which could delay certain flights. "The ongoing winter storm will continue to bring hazardous impacts to North and Central Texas through at least early Thursday morning," The U.S. National Weather Service said in its Dallas-Fort Worth, Texas area forecast discussion.
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Low-cost carrier Southwest Airlines Co LUV.N led cancellations with 487 flights, while Fort Worth, Texas-based peer American Airlines Group Inc AAL.O closely followed, canceling nearly 480 flights. Feb 1 (Reuters) - Airlines canceled over 1,400 flights in the United States on Wednesday, after an ice storm hit states from Texas to West Virginia. A total of 1,467 flights within, into or out of the United States were canceled, while 527 flights were delayed as of 6.48 a.m.
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Low-cost carrier Southwest Airlines Co LUV.N led cancellations with 487 flights, while Fort Worth, Texas-based peer American Airlines Group Inc AAL.O closely followed, canceling nearly 480 flights. Feb 1 (Reuters) - Airlines canceled over 1,400 flights in the United States on Wednesday, after an ice storm hit states from Texas to West Virginia. The latest cancellations come nearly a month after Southwest faced U.S. government backlash for canceling 16,700 flights over the holidays, as it grappled with bad weather and outdated technology.
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Low-cost carrier Southwest Airlines Co LUV.N led cancellations with 487 flights, while Fort Worth, Texas-based peer American Airlines Group Inc AAL.O closely followed, canceling nearly 480 flights. Feb 1 (Reuters) - Airlines canceled over 1,400 flights in the United States on Wednesday, after an ice storm hit states from Texas to West Virginia. ET, according to flight-tracking website FlightAware.
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2928.0
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2023-02-01 00:00:00 UTC
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American Airlines Group Inc. (AAL) Is a Trending Stock: Facts to Know Before Betting on It
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AAL
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https://www.nasdaq.com/articles/american-airlines-group-inc.-aal-is-a-trending-stock%3A-facts-to-know-before-betting-on-it
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nan
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American Airlines (AAL) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this world's largest airline have returned +26.7%, compared to the Zacks S&P 500 composite's +6.3% change. During this period, the Zacks Transportation - Airline industry, which American Airlines falls in, has gained 16.2%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate Revisions
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
American Airlines is expected to post a loss of $0.01 per share for the current quarter, representing a year-over-year change of +99.6%. Over the last 30 days, the Zacks Consensus Estimate has changed +96.2%.
The consensus earnings estimate of $2 for the current fiscal year indicates a year-over-year change of +300%. This estimate has changed +41.9% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $2.71 indicates a change of +35.5% from what American Airlines is expected to report a year ago. Over the past month, the estimate has changed +8.5%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for American Airlines.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of American Airlines, the consensus sales estimate of $12.09 billion for the current quarter points to a year-over-year change of +35.9%. The $52.4 billion and $54.21 billion estimates for the current and next fiscal years indicate changes of +7% and +3.5%, respectively.
Last Reported Results and Surprise History
American Airlines reported revenues of $13.19 billion in the last reported quarter, representing a year-over-year change of +39.9%. EPS of $1.17 for the same period compares with -$1.42 a year ago.
Compared to the Zacks Consensus Estimate of $13.22 billion, the reported revenues represent a surprise of -0.22%. The EPS surprise was +2.63%.
Over the last four quarters, American Airlines surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
American Airlines is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about American Airlines. However, its Zacks Rank #2 does suggest that it may outperform the broader market in the near term.
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American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines (AAL) has recently been on Zacks.com's list of the most searched stocks. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account.
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American Airlines (AAL) has recently been on Zacks.com's list of the most searched stocks. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. For the next fiscal year, the consensus earnings estimate of $2.71 indicates a change of +35.5% from what American Airlines is expected to report a year ago.
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American Airlines (AAL) has recently been on Zacks.com's list of the most searched stocks. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions.
|
American Airlines (AAL) has recently been on Zacks.com's list of the most searched stocks. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for American Airlines.
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2929.0
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2023-02-01 00:00:00 UTC
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Biden moves to slash U.S. credit card fees, app charges
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AAL
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https://www.nasdaq.com/articles/biden-moves-to-slash-u.s.-credit-card-fees-app-charges
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nan
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nan
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By Douglas Gillison
WASHINGTON, Feb 1 (Reuters) - The White House on Wednesday was due to announce fresh efforts to slash credit card late fees and drive down the prices that Apple Inc AAPL.O and Google parent Alphabet Inc GOOGL.O charge on mobile app stores, part of a larger policy drive to promote competition in consumer markets, officials said.
President Joe Biden was also set to urge Congress to ban hidden "junk fees" and penalties that a federal consumer watchdog says are creeping into everyday retail services across industries, driving up consumer costs, including fees airlines charge for family members to sit next to young children, White House officials said.
Biden has been beating the drum on inflation, criticizing Republicans who now control the House of Representatives for backing tax measures that he said would benefit the wealthy at the expense of middle-class taxpayers.
Biden, who is expected to announce a bid for re-election in the coming weeks, has also been slamming Republicans for their refusal to approve an increase in the U.S. debt ceiling unless there is a deal on spending cuts. Wednesday's announcement coincides with a scheduled meeting between Biden and House Speaker Kevin McCarthy that is likely to mark the start of protracted maneuvering on raising the $31.4 trillion borrowing cap.
The Consumer Financial Protection Bureau will propose on Wednesday a rule to ban "excessive" fees that credit card issuers charge for late payments, something the bureau estimated costs consumers $12 billion a year.
"When someone misses a credit card payment, even if they paid just a day or two late, or even a few hours, they can be hit with a cascading series of fees," CFPB Director Rohit Chopra told reporters in a Tuesday call.
Chopra said such fees far exceeded any additional costs that lenders incurred and said the rule would cap a regulatory threshold at $8, a level indicated by CFPB data analysis.
Chopra said that after a comment period, the rule could take effect in 2024. However, regulations are frequently subject to challenge and litigation by industry groups that can block or delay them.
The National Telecommunications and Information Administration (NTIA), an arm of the Commerce Department, is releasing a report denouncing the market dominance enjoyed by Apple and Google in the app economy, where the vast majority of smartphone users and developers are hemmed inside the tech giants' software ecosystems, which the NTIA said drives up costs and limits innovation.
The report calls for greater user control over which applications are available, an end to platform operators' "self-preference" for their own apps, and a ban on requirements that apps use the operators' in-app payments systems.
The White House said the Transportation Department on Wednesday will propose regulations to bar airlines from charging family members to be seated next to children age 13 or younger. The department will disclose on a government dashboard which airlines do not charge such fees.
Wednesday's announcements will mark the fourth meeting of Biden's Competition Council, created in 2021 when consumer inflation was at 40-year highs and was widely seen as a political headwind ahead of the 2022 midterm elections.
(Reporting by Douglas Gillison and David Shepardson; Editing by Leslie Adler)
((douglas.gillison@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Wednesday's announcement coincides with a scheduled meeting between Biden and House Speaker Kevin McCarthy that is likely to mark the start of protracted maneuvering on raising the $31.4 trillion borrowing cap. "When someone misses a credit card payment, even if they paid just a day or two late, or even a few hours, they can be hit with a cascading series of fees," CFPB Director Rohit Chopra told reporters in a Tuesday call. Wednesday's announcements will mark the fourth meeting of Biden's Competition Council, created in 2021 when consumer inflation was at 40-year highs and was widely seen as a political headwind ahead of the 2022 midterm elections.
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President Joe Biden was also set to urge Congress to ban hidden "junk fees" and penalties that a federal consumer watchdog says are creeping into everyday retail services across industries, driving up consumer costs, including fees airlines charge for family members to sit next to young children, White House officials said. The Consumer Financial Protection Bureau will propose on Wednesday a rule to ban "excessive" fees that credit card issuers charge for late payments, something the bureau estimated costs consumers $12 billion a year. The White House said the Transportation Department on Wednesday will propose regulations to bar airlines from charging family members to be seated next to children age 13 or younger.
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By Douglas Gillison WASHINGTON, Feb 1 (Reuters) - The White House on Wednesday was due to announce fresh efforts to slash credit card late fees and drive down the prices that Apple Inc AAPL.O and Google parent Alphabet Inc GOOGL.O charge on mobile app stores, part of a larger policy drive to promote competition in consumer markets, officials said. President Joe Biden was also set to urge Congress to ban hidden "junk fees" and penalties that a federal consumer watchdog says are creeping into everyday retail services across industries, driving up consumer costs, including fees airlines charge for family members to sit next to young children, White House officials said. The Consumer Financial Protection Bureau will propose on Wednesday a rule to ban "excessive" fees that credit card issuers charge for late payments, something the bureau estimated costs consumers $12 billion a year.
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By Douglas Gillison WASHINGTON, Feb 1 (Reuters) - The White House on Wednesday was due to announce fresh efforts to slash credit card late fees and drive down the prices that Apple Inc AAPL.O and Google parent Alphabet Inc GOOGL.O charge on mobile app stores, part of a larger policy drive to promote competition in consumer markets, officials said. President Joe Biden was also set to urge Congress to ban hidden "junk fees" and penalties that a federal consumer watchdog says are creeping into everyday retail services across industries, driving up consumer costs, including fees airlines charge for family members to sit next to young children, White House officials said. The Consumer Financial Protection Bureau will propose on Wednesday a rule to ban "excessive" fees that credit card issuers charge for late payments, something the bureau estimated costs consumers $12 billion a year.
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2930.0
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2023-01-31 00:00:00 UTC
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Refunds, flights in U.S. lawmaker proposals to protect air passengers after meltdowns
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AAL
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https://www.nasdaq.com/articles/refunds-flights-in-u.s.-lawmaker-proposals-to-protect-air-passengers-after-meltdowns
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nan
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nan
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By David Shepardson
WASHINGTON, Jan 31 (Reuters) - U.S. air passengers would be offered refunds for delayed flights and transportation on rival carriers under sweeping consumer protections proposed on Tuesday after a series of disruptions including a holiday meltdown at Southwest Airlines LUV.N.
U.S. lawmakers said the wide-ranging measures would require airlines to pay at least $1,350 to passengers denied boarding as a result of an oversold flight, prohibit airlines from further shrinking plane seat sizes pending regulatory changes, and give consumers new rights to sue airlines for unfair practices.
Passengers would receive refunds for any flights that arrived more than an hour late.
U.S. Senators Richard Blumenthal and Edward Markey joined with other senators in introducing the "Passengers’ Bill of Rights and the Forbidding Airlines from Imposing Ridiculous Fees (FAIR) Act."
Southwest sent apologies to 2 million customers, CEO Bob Jordan said, after more than 16,000 flights were canceled in the week ending Dec. 29 when its crew scheduling software failed. The outage was a boost to consumer protection activists.
"They come into this moment with reduced power," he told reporters in a phone call, adding airlines "have lost a lot of credibility" by opposing new consumer protections.
Airlines for America, a group representing major airlines, said the "proposed policies in this bill – instituting government-controlled pricing, establishing a private right of action and dictating private sector contracts – would drastically decrease competition, leading to a subsequent increase in airfare."
In the past airlines have succeeded in defeating consumer protections proposed by lawmakers. Congress in September 2018 dropped plans to mandate "reasonable and proportional" baggage and change fees" in the face of heavy lobbying.
A group of U.S. House of Representatives lawmakers also introduced the FAIR act which they said in a statement would "prohibit airlines from charging unreasonable fees... not proportional to the costs of the service actually provided."
Lawmakers want to require airlines to provide ticket refunds and alternative transportation, including for instance seats on other air carriers, for flights delayed between one and four hours.
The bills would direct the Transportation Department (DOT) to facilitate interline agreements between airlines to ensure availability of alternative flights. Southwest Airlines does not have such agreements.
The bills would requires airlines to disclose "true costs of flying" and offer lowest fares on multi-segment flights and allow passengers to sue airlines for unfair and deceptive practices.
They would eliminate a cap on fines that DOT charges airlines for violating consumer protection laws and prevent "airlines from negotiating low, slap-on-the wrist fines for egregious conduct."
In August, a bipartisan group of 36 state attorneys general said states and federal agencies should have new powers to investigate airline passengers' complaints and complained DOT had not done enough to hold airlines accountable.
(Reporting by David Shepardson; Editing by Howard Goller)
((David.Shepardson@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By David Shepardson WASHINGTON, Jan 31 (Reuters) - U.S. air passengers would be offered refunds for delayed flights and transportation on rival carriers under sweeping consumer protections proposed on Tuesday after a series of disruptions including a holiday meltdown at Southwest Airlines LUV.N. A group of U.S. House of Representatives lawmakers also introduced the FAIR act which they said in a statement would "prohibit airlines from charging unreasonable fees... not proportional to the costs of the service actually provided." Lawmakers want to require airlines to provide ticket refunds and alternative transportation, including for instance seats on other air carriers, for flights delayed between one and four hours.
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By David Shepardson WASHINGTON, Jan 31 (Reuters) - U.S. air passengers would be offered refunds for delayed flights and transportation on rival carriers under sweeping consumer protections proposed on Tuesday after a series of disruptions including a holiday meltdown at Southwest Airlines LUV.N. Senators Richard Blumenthal and Edward Markey joined with other senators in introducing the "Passengers’ Bill of Rights and the Forbidding Airlines from Imposing Ridiculous Fees (FAIR) Act." Lawmakers want to require airlines to provide ticket refunds and alternative transportation, including for instance seats on other air carriers, for flights delayed between one and four hours.
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By David Shepardson WASHINGTON, Jan 31 (Reuters) - U.S. air passengers would be offered refunds for delayed flights and transportation on rival carriers under sweeping consumer protections proposed on Tuesday after a series of disruptions including a holiday meltdown at Southwest Airlines LUV.N. U.S. lawmakers said the wide-ranging measures would require airlines to pay at least $1,350 to passengers denied boarding as a result of an oversold flight, prohibit airlines from further shrinking plane seat sizes pending regulatory changes, and give consumers new rights to sue airlines for unfair practices. The bills would requires airlines to disclose "true costs of flying" and offer lowest fares on multi-segment flights and allow passengers to sue airlines for unfair and deceptive practices.
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In the past airlines have succeeded in defeating consumer protections proposed by lawmakers. Lawmakers want to require airlines to provide ticket refunds and alternative transportation, including for instance seats on other air carriers, for flights delayed between one and four hours. Southwest Airlines does not have such agreements.
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2931.0
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2023-01-31 00:00:00 UTC
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Should You Look Past Mixed Earnings & Play Airlines ETF?
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AAL
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https://www.nasdaq.com/articles/should-you-look-past-mixed-earnings-play-airlines-etf
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nan
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nan
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It’s been around three weeks since Delta Air Lines Inc. DAL kick started the fourth-quarter earnings season for the airline space. Overall, the season has been mixed for the industry. The sector still has a way to go before it can reach the pre-pandemic level.
However, the pureplay airlines ETF U.S. Global Jets ETF JETS has gained 23% past month (as of Jan 27, 2022). In fact, the fund beat the S&P 500 (up 7.3%) in the past one-month period.
This makes JETS a great bet to make the most of recovery in airline industry. Still, we need to pay attention to the earnings picture of the industry. Let’s delve a little deeper.
Inside the Headlines
On Jan 13, Delta Air Lines DAL kick-started the fourth-quarter 2022 earnings season for the airline space. This Atlanta-based carrier reported better-than-expected earnings per share and revenues. Delta’s fourth-quarter 2022 earnings (excluding 19 cents from non-recurring items) of $1.48 per share beat the Zacks Consensus Estimate of $1.29 per share.
DAL reported earnings of 22 cents per share a year ago, dull in comparison to the current scenario, as air-travel demand was not so buoyant then. Delta reported revenues of $13,435 million, which also surpassed the Zacks Consensus Estimate of $13,030.3 million.
United Airlines Holdings, Inc. UAL reported better-than-expected fourth-quarter 2022 results, wherein earnings and revenues outperformed the Zacks Consensus Estimate. Quarterly earnings of $2.46 per share beat the Zacks Consensus Estimate of $2.07. In the year-ago quarter, UAL incurred a loss of $1.60 per share when air-travel demand was not as buoyant as in the current scenario. The fourth quarter of 2022 was the third consecutive profitable quarter at UAL since the onset of the pandemic. Operating revenues of $12,400 million beat the Zacks Consensus Estimate of $12,230 million.
JetBlue Airways’ JBLU fourth-quarter 2022 earnings (excluding 15 cents from non-recurring items) of 22 cents per share beat the Zacks Consensus Estimate of 19 cents. Results were aided by strong air-travel demand. In the year-ago quarter, JBLU incurred a loss of 36 cents per share. Operating revenues of $2,415 million climbed 31.68% year over year and beat the Zacks Consensus Estimate of $2,407.5 million. The double-digit year-over-year jump reflects improving air-travel demand.
Alaska Air Group Inc. ALK reported mixed fourth-quarter 2022 results, wherein earnings outperformed the Zacks Consensus Estimate but revenues missed the same. Quarterly earnings of 92 cents per share beat the Zacks Consensus Estimate of 90 cents. The bottom line surged more than 100% year over year. Operating revenues of $2,479 million missed the Zacks Consensus Estimate of $2,504.4 million.
American Airlines’ AAL fourth-quarter 2022 earnings (excluding 3 cents from non-recurring items) of $1.17 per share surpassed the Zacks Consensus Estimate of $1.14 per share despite higher costs. In the year-ago quarter, AAL incurred a loss of $1.42 per share. Operating revenues of $13,189 million increased 39.9% year over year, reflecting upbeat air-travel demand. However, the top line missed the Zacks Consensus Estimate of $13,218.7 million.
Southwest Airlines Co. LUV reported fourth-quarter 2022 loss of 38 cents per share, wider than the Zacks Consensus Estimate of a loss of 3 cents. In the year-ago reported quarter, LUV had reported earnings of 14 cents per share. Revenues of $6,172 million lagged the Zacks Consensus Estimate of $6,270.9 million but improved 22.2% year over year.
ETF JETS in Focus
The $2.15-billion-fund JETS holds about 30 stocks in its portfolio and is concentrated on a few individual securities. All the above-mentioned stocks get a place in the portfolio. The product charges 60 bps in fees.
Bottom Line
While the earnings picture is yet to improve fully, some companies beat on estimates. This shows a ray of hope for faster recovery in the coming days. If there is a steady improvement in the coronavirus scenario globally, one can surely see a jump in this otherwise-undervalued product JETS. Rise in energy prices is still a concern.
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Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
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American Airlines Group Inc. (AAL) : Free Stock Analysis Report
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U.S. Global Jets ETF (JETS): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines’ AAL fourth-quarter 2022 earnings (excluding 3 cents from non-recurring items) of $1.17 per share surpassed the Zacks Consensus Estimate of $1.14 per share despite higher costs. In the year-ago quarter, AAL incurred a loss of $1.42 per share. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Southwest Airlines Co. (LUV) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report U.S.
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Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Southwest Airlines Co. (LUV) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report U.S. American Airlines’ AAL fourth-quarter 2022 earnings (excluding 3 cents from non-recurring items) of $1.17 per share surpassed the Zacks Consensus Estimate of $1.14 per share despite higher costs. In the year-ago quarter, AAL incurred a loss of $1.42 per share.
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Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Southwest Airlines Co. (LUV) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report U.S. American Airlines’ AAL fourth-quarter 2022 earnings (excluding 3 cents from non-recurring items) of $1.17 per share surpassed the Zacks Consensus Estimate of $1.14 per share despite higher costs. In the year-ago quarter, AAL incurred a loss of $1.42 per share.
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American Airlines’ AAL fourth-quarter 2022 earnings (excluding 3 cents from non-recurring items) of $1.17 per share surpassed the Zacks Consensus Estimate of $1.14 per share despite higher costs. In the year-ago quarter, AAL incurred a loss of $1.42 per share. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Southwest Airlines Co. (LUV) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report U.S.
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2932.0
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2023-01-31 00:00:00 UTC
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Diamond sales at Botswana's Debswana hit record high in 2022
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AAL
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https://www.nasdaq.com/articles/diamond-sales-at-botswanas-debswana-hit-record-high-in-2022
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nan
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nan
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GABORONE, Jan 31 (Reuters) - Rough diamond sales by Debswana Diamond Company reached record levels in 2022, data showed on Tuesday, as Western buyers shunned Russian stones and Botswana profited from steady global demand for diamond jewellery.
A joint venture between Anglo American AAL.L unit De Beers and Botswana's government, Debswana sells 75% of its output to De Beers with the balance taken up by the state-owned Okavango Diamond Company.
Sales of diamonds from Debswana stood at $4.588 billion in 2022 compared to $3.466 billion in 2021, the central bank data showed.
In Botswana's currency, Debswana's rough diamond sales rose 48.3% to 56.544 billion pula, reflecting a stronger dollar in the period.
Debswana accounts for almost all diamonds produced in Botswana, with Lucara's LUC.TO Karowe mine being the only other operating diamond mine in the country.
Botswana generates about 30% of its revenue and 70% of its foreign exchange earnings from diamonds.
Due to the strong performance of its diamonds, the country recorded a 66% jump in mineral revenues in the first six months of the fiscal year ending in March, leading to a 0.55% budget surplus in the period, according to the ministry of finance.
Finance Minister Peggy Serame is expected to update the figures when she presents the 2023/24 budget on Monday.
(Reporting by Brian Benza; Editing by Anait Miridzhanian and Ben Dangerfield)
((Anait.Miridzhanian@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A joint venture between Anglo American AAL.L unit De Beers and Botswana's government, Debswana sells 75% of its output to De Beers with the balance taken up by the state-owned Okavango Diamond Company. In Botswana's currency, Debswana's rough diamond sales rose 48.3% to 56.544 billion pula, reflecting a stronger dollar in the period. Due to the strong performance of its diamonds, the country recorded a 66% jump in mineral revenues in the first six months of the fiscal year ending in March, leading to a 0.55% budget surplus in the period, according to the ministry of finance.
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A joint venture between Anglo American AAL.L unit De Beers and Botswana's government, Debswana sells 75% of its output to De Beers with the balance taken up by the state-owned Okavango Diamond Company. GABORONE, Jan 31 (Reuters) - Rough diamond sales by Debswana Diamond Company reached record levels in 2022, data showed on Tuesday, as Western buyers shunned Russian stones and Botswana profited from steady global demand for diamond jewellery. In Botswana's currency, Debswana's rough diamond sales rose 48.3% to 56.544 billion pula, reflecting a stronger dollar in the period.
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A joint venture between Anglo American AAL.L unit De Beers and Botswana's government, Debswana sells 75% of its output to De Beers with the balance taken up by the state-owned Okavango Diamond Company. GABORONE, Jan 31 (Reuters) - Rough diamond sales by Debswana Diamond Company reached record levels in 2022, data showed on Tuesday, as Western buyers shunned Russian stones and Botswana profited from steady global demand for diamond jewellery. In Botswana's currency, Debswana's rough diamond sales rose 48.3% to 56.544 billion pula, reflecting a stronger dollar in the period.
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A joint venture between Anglo American AAL.L unit De Beers and Botswana's government, Debswana sells 75% of its output to De Beers with the balance taken up by the state-owned Okavango Diamond Company. Sales of diamonds from Debswana stood at $4.588 billion in 2022 compared to $3.466 billion in 2021, the central bank data showed. Debswana accounts for almost all diamonds produced in Botswana, with Lucara's LUC.TO Karowe mine being the only other operating diamond mine in the country.
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2933.0
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2023-01-31 00:00:00 UTC
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PREVIEW-Squeezed mining companies face growth dilemma
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AAL
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https://www.nasdaq.com/articles/preview-squeezed-mining-companies-face-growth-dilemma
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nan
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nan
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By Clara Denina and Helen Reid
JOHANNESBURG, Jan 31 (Reuters) - High costs and the prospect of shrinking earnings have made big miners nervous about expansion, even as shareholders demand investment in response to robust commodity prices, China's reopening and the role of minerals in decarbonising the economy.
Although years of cost discipline have repaired balance sheets from past over-spending, full-year results announcements in February are expected to show a fall in miners' earnings and in shareholder payouts from the record levels reported in 2022 after disruptions lowered output and costs rose for energy, explosives and equipment.
Disruptions at copper mines caused by extreme weather and labour issues, for example, are predicted to worsen, likely affecting a record 1.6 million tonnes of production this year, Goldman Sachs analysts say, a headache for companies hunting for minerals to power the green energy boom as their deposits get depleted.
"Having cut back on CapEx and spending, mining companies are fine in the short term, but if they look a few years forward, they need to start developing more growth options," George Cheveley, portfolio manager at Ninety-One, said.
"It is an increasing issue, because if you haven't been spending a lot on development or cut back, as they all have since prices fell in 2015-16, you can't do that forever and expect to continue to grow," he added.
Capital spending by mining companies is set to decrease 11% in 2023, with exploration spending likely to fall by 10%-20%, according to S&P Global Commodity Insights' principal metals and mining analyst Kevin Murphy.
Despite the vast volumes of copper, lithium, nickel and cobalt needed for the transition to a lower-carbon economy, the majors have limited plans to develop mines that take several years to turn a profit.
Among the more bullish CEOs, Mark Bristow of Barrick Gold said mining companies should spend more on exploration to ensure a solid pipeline of mines, despite the global economy being "extremely stressed".
"The first thing the mining industry does when it's under pressure is to stop spending. But at the end of the day, the best time to grow your business is in the trough," Bristow said.
Some companies have preferred to grow through acquisitions, investing in projects belonging to smaller developers.
The world's largest listed mining company BHP GroupBHP.AX has in the past months bought 20% of Canadian exploration company Brixton Metals BBB.V and signed a deal with Canada's Mundoro Capital MUN.V to explore for copper in Serbia.
It has also made a $6.5 billion cash offer for copper and gold producer OZ Minerals OZL.AX.
A difficult economic backdrop could boost deal-making, which represents an opportunity for the stronger players wanting to acquire proven assets and smaller players seeking to cash in.
"It could be a really interesting catalyst for M&A, because there could be a softening in share prices if people really don't believe in the fundamentals," said Sandra du Toit, who leads the Africa M&A practice at Ernst & Young.
AFRICAN RESOURCES TEMPTING BUT TRICKY
Aside from China, where the lifting of protracted COVID-19 restrictions is expected to drive demand for metals, the main engines of global growth - the United States and Europe - will slow this year, according to the IMF and World Bank, despite signs of stabilising inflation.
The economic contraction makes "unlocking African mining investment" - this year's theme for the Investing in African Mining Indaba conference in Cape Town at the start of February - an even more challenging goal.
Mining companies' overall spending on exploration in Africa has declined relative to Australia, Canada and Latin America.
Last year, the share of exploration budgets dedicated to Africa was the smallest since at least 1997, S&P Global Commodity Insights data shows.
Much of that decline is due to small mine developers shifting from Africa, while major producers increased their share of spending on the continent last year, according to S&P's Murphy.
Major miners have long been wary of the continent because of its risk profile, but a drive by the United States and Europe to reduce their dependence on China, which dominates the processing of battery minerals, is persuading companies to reconsider.
Anglo American AAL.L in May took control of the Zambia copper-cobalt licences of junior exploration firm Arc Minerals ARCMA.L, while the European Union partnered with Namibia as one of the countries it hopes will help its battery sector build-out.
"There are not a lot of regions with quality ore bodies yet to be exploited," said Kostas Bintas, co-head of metals at global commodities trader Trafigura.
"Africa, and especially Democratic Republic of Congo and Zambia, still has untapped high-quality copper deposits with relatively high grades. DRC and Zambia are two countries where you can increase copper supply significantly to meet demand."
Mining companies spend less on Africa explorationhttps://tmsnrt.rs/3kOh0wn
Exploring for new mines is highly cyclicalhttps://tmsnrt.rs/3wCtyts
(Reporting by Clara Denina in London and Helen Reid in Johannesburg; editing by Barbara Lewis)
((Helen.Reid@thomsonreuters.com; +27 66 156 5214;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Anglo American AAL.L in May took control of the Zambia copper-cobalt licences of junior exploration firm Arc Minerals ARCMA.L, while the European Union partnered with Namibia as one of the countries it hopes will help its battery sector build-out. Disruptions at copper mines caused by extreme weather and labour issues, for example, are predicted to worsen, likely affecting a record 1.6 million tonnes of production this year, Goldman Sachs analysts say, a headache for companies hunting for minerals to power the green energy boom as their deposits get depleted. "Having cut back on CapEx and spending, mining companies are fine in the short term, but if they look a few years forward, they need to start developing more growth options," George Cheveley, portfolio manager at Ninety-One, said.
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Anglo American AAL.L in May took control of the Zambia copper-cobalt licences of junior exploration firm Arc Minerals ARCMA.L, while the European Union partnered with Namibia as one of the countries it hopes will help its battery sector build-out. Although years of cost discipline have repaired balance sheets from past over-spending, full-year results announcements in February are expected to show a fall in miners' earnings and in shareholder payouts from the record levels reported in 2022 after disruptions lowered output and costs rose for energy, explosives and equipment. Much of that decline is due to small mine developers shifting from Africa, while major producers increased their share of spending on the continent last year, according to S&P's Murphy.
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Anglo American AAL.L in May took control of the Zambia copper-cobalt licences of junior exploration firm Arc Minerals ARCMA.L, while the European Union partnered with Namibia as one of the countries it hopes will help its battery sector build-out. Capital spending by mining companies is set to decrease 11% in 2023, with exploration spending likely to fall by 10%-20%, according to S&P Global Commodity Insights' principal metals and mining analyst Kevin Murphy. Among the more bullish CEOs, Mark Bristow of Barrick Gold said mining companies should spend more on exploration to ensure a solid pipeline of mines, despite the global economy being "extremely stressed".
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Anglo American AAL.L in May took control of the Zambia copper-cobalt licences of junior exploration firm Arc Minerals ARCMA.L, while the European Union partnered with Namibia as one of the countries it hopes will help its battery sector build-out. By Clara Denina and Helen Reid JOHANNESBURG, Jan 31 (Reuters) - High costs and the prospect of shrinking earnings have made big miners nervous about expansion, even as shareholders demand investment in response to robust commodity prices, China's reopening and the role of minerals in decarbonising the economy. Capital spending by mining companies is set to decrease 11% in 2023, with exploration spending likely to fall by 10%-20%, according to S&P Global Commodity Insights' principal metals and mining analyst Kevin Murphy.
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2934.0
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2023-01-30 00:00:00 UTC
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Airline Stock Roundup: Q4 Earnings Reports of AAL, LUV & Others
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AAL
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https://www.nasdaq.com/articles/airline-stock-roundup%3A-q4-earnings-reports-of-aal-luv-others
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nan
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nan
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In the past week, sectoral heavyweights like American Airlines AAL, Southwest Airlines LUV, JetBlue Airways JBLU and Alaska Air Group ALK reported earnings for fourth-quarter 2022. Even though robust air-travel demand boosted the top lines of these airline operators, high-fuel costs limited bottom-line growth.
Fourth-quarter earnings-related updates were discussed in the previous write-up as well.
Recap of the Latest Top Stories
1 American Airlines’ fourth-quarter 2022 earnings (excluding 3 cents from non-recurring items) of $1.17 per share surpassed the Zacks Consensus Estimate of $1.14 despite higher costs. In the year-ago quarter, AAL had incurred a loss of $1.42 per share when air-travel demand was not as buoyant as in the present scenario. The fourth quarter of 2022 was the third consecutive profitable quarter, excluding net special items, at AAL since the onset of the pandemic. Operating revenues of $13,189 million increased 39.9% year over year, reflecting upbeat air-travel demand. Driven by the soaring demand for healthy bookings, management expects first-quarter 2023 total unit revenues to be 24-27% higher than the first-quarter 2022 actuals. AAL currently carries a Zacks Rank #2 (Buy).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
2. Alaska Air Group reported mixed fourth-quarter 2022 results, wherein earnings outperformed the Zacks Consensus Estimate but revenues missed the same. Quarterly earnings of 92 cents per share beat the Zacks Consensus Estimate of 90 cents. The bottom line surged more than 100% year over year.
Reflecting the uptick in air-travel demand, consolidated traffic (measured in revenue passenger miles) rose 14% to 12.85 billion. Consolidated load factor (percentage of seats filled by passengers) increased 6.1 percentage points to 85.5% in the fourth quarter of 2022. Economic fuel price per gallon climbed 57.1% to $3.55. Alaska Air announced plans to resume share repurchases in early 2023. Repurchases are anticipated to be between $75 million and $100 million in 2023.
3. Southwest Airlines reported fourth-quarter 2022 loss of 38 cents per share, wider than the Zacks Consensus Estimate of a loss of 3 cents. In the year-ago reported quarter, LUV had reported earnings of 14 cents per share.
Operational disruptions in late December resulted in more than 16,700 flight cancellations. As a result, LUV had to bear a fourth-quarter pre-tax negative impact of almost $800 million ($620 million on an after-tax basis), which resulted in fourth-quarter 2022 net loss. Revenues of $6,172 million lagged the Zacks Consensus Estimate of $6,270.9 million but improved 22.2% year over year. Management expects first-quarter 2023 operating revenues to grow in the 20-24% band.
4. JetBlue Airways’ fourth-quarter 2022 earnings (excluding 15 cents from non-recurring items) of 22 cents per share beat the Zacks Consensus Estimate of 19 cents. Results were aided by strong air-travel demand. In the year-ago quarter, JBLU incurred a loss of 36 cents per share. Operating revenues of $2,415 million climbed 31.68% year over year and beat the Zacks Consensus Estimate of $2,407.5 million. Management expects total revenues for first-quarter 2023 to increase in the 28-32% range. The average fuel cost per gallon in the March quarter is estimated to be between $3.20 and $3.35.
Performance
The following table shows the price movement of the major airline players over the past week and during the last six months.
Image Source: Zacks Investment Research
The table above shows that most airline stocks traded in the red over the past week. However, the losses were muted in nature. As a result, the NYSE ARCA Airline Index remained flat at $63.14 over the past week. Over the course of the past six months, the NYSE ARCA Airline Index has increased 4.2%.
What's Next in the Airline Space?
Fourth-quarter 2022 earnings reports of many more key airline players are expected in a week’s time.
Just Released: Zacks Top 10 Stocks for 2023
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From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%. Our Director of Research has now combed through 4,000 companies covered by the Zacks Rank and handpicked the best 10 tickers to buy and hold in 2023. Don’t miss your chance to still be among the first to get in on these just-released stocks.
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Southwest Airlines Co. (LUV) : Free Stock Analysis Report
JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the past week, sectoral heavyweights like American Airlines AAL, Southwest Airlines LUV, JetBlue Airways JBLU and Alaska Air Group ALK reported earnings for fourth-quarter 2022. In the year-ago quarter, AAL had incurred a loss of $1.42 per share when air-travel demand was not as buoyant as in the present scenario. The fourth quarter of 2022 was the third consecutive profitable quarter, excluding net special items, at AAL since the onset of the pandemic.
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In the past week, sectoral heavyweights like American Airlines AAL, Southwest Airlines LUV, JetBlue Airways JBLU and Alaska Air Group ALK reported earnings for fourth-quarter 2022. Click to get this free report Southwest Airlines Co. (LUV) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. In the year-ago quarter, AAL had incurred a loss of $1.42 per share when air-travel demand was not as buoyant as in the present scenario.
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Click to get this free report Southwest Airlines Co. (LUV) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. In the past week, sectoral heavyweights like American Airlines AAL, Southwest Airlines LUV, JetBlue Airways JBLU and Alaska Air Group ALK reported earnings for fourth-quarter 2022. In the year-ago quarter, AAL had incurred a loss of $1.42 per share when air-travel demand was not as buoyant as in the present scenario.
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In the past week, sectoral heavyweights like American Airlines AAL, Southwest Airlines LUV, JetBlue Airways JBLU and Alaska Air Group ALK reported earnings for fourth-quarter 2022. In the year-ago quarter, AAL had incurred a loss of $1.42 per share when air-travel demand was not as buoyant as in the present scenario. The fourth quarter of 2022 was the third consecutive profitable quarter, excluding net special items, at AAL since the onset of the pandemic.
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2935.0
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2023-01-30 00:00:00 UTC
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GATX Cheers Investors, Announces 5.8% Dividend Increase
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AAL
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https://www.nasdaq.com/articles/gatx-cheers-investors-announces-5.8-dividend-increase
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nan
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nan
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Dividend investing is a popular strategy in which an investor puts money in a regular dividend-paying stock. Keeping in mind the dividend distribution history of GATX (GATX) for the past 105 years, it certainly makes its way to the portfolio of any dividend investor. GATX distributed $74.3 million as dividends during 2021 and bought back shares worth $13.1 million in 2021.
In the latest shareholder-friendly move, GATX has announced a 5.8% increase in the quarterly dividend amounting to 55 cents from the previous 52 cents. The new dividend is payable on Mar 31 to its shareholders of record on Mar 3.
The current increase of 5.8% follows a similar move in January 2022 when GATX had raised its quarterly dividend by 4% to 52 cents per share.
GATX Corporation Dividend Yield (TTM)
GATX Corporation dividend-yield-ttm | GATX Corporation Quote
A high dividend-yielding stock is highly coveted by investors. Needless to say, they are always on the lookout for companies with a consistent and incremental dividend history. Therefore, GATX’s decision to increase dividends certainly seems prudent.
The shareholder-friendly announcement apart, the company was also in the news when it released its fourth quarter 2022 results. In the December quarter, GATX’s earnings of $1.54 per share surpassed the Zacks Consensus Estimate of $1.38. The bottom line fell 2.5% year over year. Revenues of $322.7 million missed the Zacks Consensus Estimate of $328.9 million but improved 0.5% year over year.
Zacks Rank & Stocks to Consider
GATX carries Zacks Rank #3 (Hold) presently. Some better-ranked stocks in the Zacks Transportation sector are American Airlines AAL, United Airlines UAL and Delta Air Lines DAL. All three stocks carry a Zacks Rank #2(Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
American Airlines’ fourth-quarter 2022 earnings (excluding 3 cents from non-recurring items) of $1.17 per share surpassed the Zacks Consensus Estimate of $1.14 per share despite higher costs. The fourth quarter of 2022 was the third consecutive profitable quarter, excluding net special items, for AAL since the onset of the pandemic. The company expects its 2023 capacity to improve 5-8% year over year.
With air-travel demand having improved, American Airlines is constantly looking to add routes and broaden its network. As part of the expansion drive, the carrier began service to Chetumal, Mexico and San Andres Island, Colombia from Miami International Airport in December 2021. The airline’s codeshare agreement with Indian low-cost airline, IndiGo, is an added positive, as it launches new flights connecting the United States and India.
United Airlines reported better-than-expected fourth-quarter 2022 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate. Quarterly earnings of $2.46 per share beat the Zacks Consensus Estimate of $2.07. Operating revenues of $12,400 million beat the Zacks Consensus Estimate of $12,230 million. It is safe to say UAL’s revenues increased 51.37% year over year owing to upbeat air-travel demand. In 2022, cargo revenues increased 84.1% from the 2019 level.
Delta Air Lines’ fourth-quarter 2022 earnings of $1.48 per share beat the Zacks Consensus Estimate of $1.29 per share. Delta reported revenues of $13,435 million, which also surpassed the Zacks Consensus Estimate of $13,030.3 million.
Delta’s liquidity position is encouraging. The airline ended the fourth quarter of 2022 with cash and cash equivalents of $6,534 million, much higher than the current debt of $2,031 million. DAL expects first-quarter 2023 earnings per share in the 15 cents - 40 cents band.
Just Released: Zacks Top 10 Stocks for 2023
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023?
From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%. Our Director of Research has now combed through 4,000 companies covered by the Zacks Rank and handpicked the best 10 tickers to buy and hold in 2023. Don’t miss your chance to still be among the first to get in on these just-released stocks.
See New Top 10 Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
GATX Corporation (GATX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks in the Zacks Transportation sector are American Airlines AAL, United Airlines UAL and Delta Air Lines DAL. The fourth quarter of 2022 was the third consecutive profitable quarter, excluding net special items, for AAL since the onset of the pandemic. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report GATX Corporation (GATX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report GATX Corporation (GATX) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the Zacks Transportation sector are American Airlines AAL, United Airlines UAL and Delta Air Lines DAL. The fourth quarter of 2022 was the third consecutive profitable quarter, excluding net special items, for AAL since the onset of the pandemic.
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Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report GATX Corporation (GATX) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the Zacks Transportation sector are American Airlines AAL, United Airlines UAL and Delta Air Lines DAL. The fourth quarter of 2022 was the third consecutive profitable quarter, excluding net special items, for AAL since the onset of the pandemic.
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Some better-ranked stocks in the Zacks Transportation sector are American Airlines AAL, United Airlines UAL and Delta Air Lines DAL. The fourth quarter of 2022 was the third consecutive profitable quarter, excluding net special items, for AAL since the onset of the pandemic. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report GATX Corporation (GATX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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2936.0
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2023-01-30 00:00:00 UTC
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U.S. airlines cancel over 1,000 flights over winter storm
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AAL
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https://www.nasdaq.com/articles/u.s.-airlines-cancel-over-1000-flights-over-winter-storm
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nan
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nan
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Jan 30 (Reuters) - More than 1,000 Monday flights into or out of the United States have been canceled due to a severe winter storm, with about half of those coming from Southwest Airlines Co LUV.N.
A total of 1,019 flights were canceled as of 6:00 pm ET, according to flight-tracking service FlightAware.
Low-cost carrier Southwest earlier this month faced U.S. government backlash for canceling 16,700 flights over the holidays as it grappled with bad weather and outdated technology.
The company has scrapped about 12% of its Monday schedule, while American Airlines Group Inc AAL.Ohas canceled 6%, or 200 flights.
The fresh cancellations come as the U.S. aviation sector recovers from a imposed by the Federal Aviation Administration (FAA) over a computer issue.
For Tuesday so far, 797 flights are scheduled to be canceled into or out of the United States.
Southwest Airlines and other major U.S. airlines have issued winter weather waivers. A waiver allows customers to change their itinerary with no fare differences if they remain in the same cabin as originally booked.
(Reporting by Kannaki Deka in Bengaluru; Editing by Devika Syamnath)
((Kannaki.Deka@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company has scrapped about 12% of its Monday schedule, while American Airlines Group Inc AAL.Ohas canceled 6%, or 200 flights. Jan 30 (Reuters) - More than 1,000 Monday flights into or out of the United States have been canceled due to a severe winter storm, with about half of those coming from Southwest Airlines Co LUV.N. Low-cost carrier Southwest earlier this month faced U.S. government backlash for canceling 16,700 flights over the holidays as it grappled with bad weather and outdated technology.
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The company has scrapped about 12% of its Monday schedule, while American Airlines Group Inc AAL.Ohas canceled 6%, or 200 flights. Jan 30 (Reuters) - More than 1,000 Monday flights into or out of the United States have been canceled due to a severe winter storm, with about half of those coming from Southwest Airlines Co LUV.N. Southwest Airlines and other major U.S. airlines have issued winter weather waivers.
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The company has scrapped about 12% of its Monday schedule, while American Airlines Group Inc AAL.Ohas canceled 6%, or 200 flights. Jan 30 (Reuters) - More than 1,000 Monday flights into or out of the United States have been canceled due to a severe winter storm, with about half of those coming from Southwest Airlines Co LUV.N. Low-cost carrier Southwest earlier this month faced U.S. government backlash for canceling 16,700 flights over the holidays as it grappled with bad weather and outdated technology.
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The company has scrapped about 12% of its Monday schedule, while American Airlines Group Inc AAL.Ohas canceled 6%, or 200 flights. Jan 30 (Reuters) - More than 1,000 Monday flights into or out of the United States have been canceled due to a severe winter storm, with about half of those coming from Southwest Airlines Co LUV.N. Southwest Airlines and other major U.S. airlines have issued winter weather waivers.
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2937.0
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2023-01-30 00:00:00 UTC
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United Airlines technicians vote to ratify new contract
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AAL
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https://www.nasdaq.com/articles/united-airlines-technicians-vote-to-ratify-new-contract-0
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nan
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nan
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Adds CEO comment
Jan 30 (Reuters) - United Airlines Holdings Inc UAL.O technicians ratified a two-year contract with the carrier that includes 16% to 23% wage increases, their union said on Monday.
International Brotherhood of Teamsters, representing around 8,200 United Airlines technicians said the two-year contract would provide for improved job security by adding five heavy maintenance lines in-house.
The agreement, which will be in effect until December 2024, comes at a time when airlines are coming up with attractive pay offers to retain workforce and add staff after a faster-than-expected rebound in the U.S. travel market.
It includes a one-year early opener that allows for bargaining on a successor agreement to begin in December 2023.
"We expect to hire 7,000 maintenance team members alone over the next few years," United Airlines Chief Executive Scott Kirby said in a LinkedIn post on Monday.
(Reporting by Kannaki Deka in Bengaluru; Editing by Shailesh Kuber)
((Kannaki.Deka@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds CEO comment Jan 30 (Reuters) - United Airlines Holdings Inc UAL.O technicians ratified a two-year contract with the carrier that includes 16% to 23% wage increases, their union said on Monday. International Brotherhood of Teamsters, representing around 8,200 United Airlines technicians said the two-year contract would provide for improved job security by adding five heavy maintenance lines in-house. "We expect to hire 7,000 maintenance team members alone over the next few years," United Airlines Chief Executive Scott Kirby said in a LinkedIn post on Monday.
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Adds CEO comment Jan 30 (Reuters) - United Airlines Holdings Inc UAL.O technicians ratified a two-year contract with the carrier that includes 16% to 23% wage increases, their union said on Monday. International Brotherhood of Teamsters, representing around 8,200 United Airlines technicians said the two-year contract would provide for improved job security by adding five heavy maintenance lines in-house. "We expect to hire 7,000 maintenance team members alone over the next few years," United Airlines Chief Executive Scott Kirby said in a LinkedIn post on Monday.
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Adds CEO comment Jan 30 (Reuters) - United Airlines Holdings Inc UAL.O technicians ratified a two-year contract with the carrier that includes 16% to 23% wage increases, their union said on Monday. International Brotherhood of Teamsters, representing around 8,200 United Airlines technicians said the two-year contract would provide for improved job security by adding five heavy maintenance lines in-house. The agreement, which will be in effect until December 2024, comes at a time when airlines are coming up with attractive pay offers to retain workforce and add staff after a faster-than-expected rebound in the U.S. travel market.
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Adds CEO comment Jan 30 (Reuters) - United Airlines Holdings Inc UAL.O technicians ratified a two-year contract with the carrier that includes 16% to 23% wage increases, their union said on Monday. International Brotherhood of Teamsters, representing around 8,200 United Airlines technicians said the two-year contract would provide for improved job security by adding five heavy maintenance lines in-house. The agreement, which will be in effect until December 2024, comes at a time when airlines are coming up with attractive pay offers to retain workforce and add staff after a faster-than-expected rebound in the U.S. travel market.
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2938.0
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2023-01-30 00:00:00 UTC
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United Airlines technicians vote to ratify new contract
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AAL
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https://www.nasdaq.com/articles/united-airlines-technicians-vote-to-ratify-new-contract
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nan
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nan
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Jan 30 (Reuters) - United Airlines Holdings Inc UAL.O technicians ratified a two-year contract with the carrier that includes 16% to 23% wage increases, their union said on Monday.
International Brotherhood of Teamsters, representing around 8,200 United Airlines technicians said the two-year contract would provide for improved job security by adding five heavy maintenance lines in-house.
The agreement, which will be in effect until December 2024, comes at a time when airlines are coming up with attractive pay offers to retain workforce and add staff after a faster-than-expected rebound in the U.S. travel market.
It includes a one-year early opener that allows for bargaining on a successor agreement to begin in December 2023.
United Airlines did not immediately respond to a Reuters request for comment.
(Reporting by Kannaki Deka in Bengaluru; Editing by Shailesh Kuber)
((Kannaki.Deka@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Jan 30 (Reuters) - United Airlines Holdings Inc UAL.O technicians ratified a two-year contract with the carrier that includes 16% to 23% wage increases, their union said on Monday. International Brotherhood of Teamsters, representing around 8,200 United Airlines technicians said the two-year contract would provide for improved job security by adding five heavy maintenance lines in-house. It includes a one-year early opener that allows for bargaining on a successor agreement to begin in December 2023.
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Jan 30 (Reuters) - United Airlines Holdings Inc UAL.O technicians ratified a two-year contract with the carrier that includes 16% to 23% wage increases, their union said on Monday. International Brotherhood of Teamsters, representing around 8,200 United Airlines technicians said the two-year contract would provide for improved job security by adding five heavy maintenance lines in-house. United Airlines did not immediately respond to a Reuters request for comment.
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Jan 30 (Reuters) - United Airlines Holdings Inc UAL.O technicians ratified a two-year contract with the carrier that includes 16% to 23% wage increases, their union said on Monday. International Brotherhood of Teamsters, representing around 8,200 United Airlines technicians said the two-year contract would provide for improved job security by adding five heavy maintenance lines in-house. The agreement, which will be in effect until December 2024, comes at a time when airlines are coming up with attractive pay offers to retain workforce and add staff after a faster-than-expected rebound in the U.S. travel market.
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Jan 30 (Reuters) - United Airlines Holdings Inc UAL.O technicians ratified a two-year contract with the carrier that includes 16% to 23% wage increases, their union said on Monday. International Brotherhood of Teamsters, representing around 8,200 United Airlines technicians said the two-year contract would provide for improved job security by adding five heavy maintenance lines in-house. The agreement, which will be in effect until December 2024, comes at a time when airlines are coming up with attractive pay offers to retain workforce and add staff after a faster-than-expected rebound in the U.S. travel market.
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2939.0
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2023-01-30 00:00:00 UTC
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Are You Looking for a Top Momentum Pick? Why American Airlines (AAL) is a Great Choice
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AAL
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https://www.nasdaq.com/articles/are-you-looking-for-a-top-momentum-pick-why-american-airlines-aal-is-a-great-choice
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nan
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nan
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Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at American Airlines (AAL), a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. American Airlines currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?
In order to see if AAL is a promising momentum pick, let's examine some Momentum Style elements to see if this world's largest airline holds up.
A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.
For AAL, shares are up 0.55% over the past week while the Zacks Transportation - Airline industry is up 0.67% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 29.17% compares favorably with the industry's 17.84% performance as well.
While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of American Airlines have increased 16.44% over the past quarter, and have gained 5.05% in the last year. In comparison, the S&P 500 has only moved 7.28% and -4.41%, respectively.
Investors should also take note of AAL's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, AAL is averaging 31,748,138 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with AAL.
Over the past two months, 4 earnings estimates moved higher compared to 1 lower for the full year. These revisions helped boost AAL's consensus estimate, increasing from $1.54 to $1.93 in the past 60 days. Looking at the next fiscal year, 2 estimates have moved upwards while there have been 2 downward revisions in the same time period.
Bottom Line
Given these factors, it shouldn't be surprising that AAL is a #2 (Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep American Airlines on your short list.
Just Released: Zacks Top 10 Stocks for 2023
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023?
From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%. Our Director of Research has now combed through 4,000 companies covered by the Zacks Rank and handpicked the best 10 tickers to buy and hold in 2023. Don’t miss your chance to still be among the first to get in on these just-released stocks.
See New Top 10 Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Below, we take a look at American Airlines (AAL), a company that currently holds a Momentum Style Score of A. In order to see if AAL is a promising momentum pick, let's examine some Momentum Style elements to see if this world's largest airline holds up. For AAL, shares are up 0.55% over the past week while the Zacks Transportation - Airline industry is up 0.67% over the same time period.
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Below, we take a look at American Airlines (AAL), a company that currently holds a Momentum Style Score of A. In order to see if AAL is a promising momentum pick, let's examine some Momentum Style elements to see if this world's largest airline holds up. For AAL, shares are up 0.55% over the past week while the Zacks Transportation - Airline industry is up 0.67% over the same time period.
|
Below, we take a look at American Airlines (AAL), a company that currently holds a Momentum Style Score of A. In order to see if AAL is a promising momentum pick, let's examine some Momentum Style elements to see if this world's largest airline holds up. For AAL, shares are up 0.55% over the past week while the Zacks Transportation - Airline industry is up 0.67% over the same time period.
|
Below, we take a look at American Airlines (AAL), a company that currently holds a Momentum Style Score of A. In order to see if AAL is a promising momentum pick, let's examine some Momentum Style elements to see if this world's largest airline holds up. For AAL, shares are up 0.55% over the past week while the Zacks Transportation - Airline industry is up 0.67% over the same time period.
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2940.0
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2023-01-27 00:00:00 UTC
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Investing in Airplane Stocks: What You Need to Know
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AAL
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https://www.nasdaq.com/articles/investing-in-airplane-stocks%3A-what-you-need-to-know
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nan
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nan
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Airplane stocks from part makers to airlines themselves can be a tempting investment, and they've done well recently. But long term they've been a difficult place to make money. Motley Fool contributors Travis Hoium and Lou Whiteman discuss the state of the industry and why now is a better time to buy airplane stocks than at any time in decades.
*Stock prices used were end-of-day prices of Jan. 19, 2023. The video was published on Jan. 27, 2023.
10 stocks we like better than AerCap Holdings
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and AerCap Holdings wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of January 9, 2023
Lou Whiteman has positions in AerCap, Delta Air Lines, and TransDigm Group. Travis Hoium has no position in any of the stocks mentioned. The Motley Fool recommends AerCap, Delta Air Lines, and TransDigm Group. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Airplane stocks from part makers to airlines themselves can be a tempting investment, and they've done well recently. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The Motley Fool recommends AerCap, Delta Air Lines, and TransDigm Group.
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After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. See the 10 stocks *Stock Advisor returns as of January 9, 2023 Lou Whiteman has positions in AerCap, Delta Air Lines, and TransDigm Group. The Motley Fool recommends AerCap, Delta Air Lines, and TransDigm Group.
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Motley Fool contributors Travis Hoium and Lou Whiteman discuss the state of the industry and why now is a better time to buy airplane stocks than at any time in decades. 10 stocks we like better than AerCap Holdings When our award-winning analyst team has a stock tip, it can pay to listen. See the 10 stocks *Stock Advisor returns as of January 9, 2023 Lou Whiteman has positions in AerCap, Delta Air Lines, and TransDigm Group.
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Motley Fool contributors Travis Hoium and Lou Whiteman discuss the state of the industry and why now is a better time to buy airplane stocks than at any time in decades. * They just revealed what they believe are the ten best stocks for investors to buy right now... and AerCap Holdings wasn't one of them! See the 10 stocks *Stock Advisor returns as of January 9, 2023 Lou Whiteman has positions in AerCap, Delta Air Lines, and TransDigm Group.
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2941.0
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2023-01-27 00:00:00 UTC
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American Airlines (AAL) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-q4-earnings%3A-taking-a-look-at-key-metrics-versus-estimates
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nan
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nan
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American Airlines (AAL) reported $13.19 billion in revenue for the quarter ended December 2022, representing a year-over-year increase of 39.9%. EPS of $1.17 for the same period compares to -$1.42 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $13.22 billion, representing a surprise of -0.22%. The company delivered an EPS surprise of +2.63%, with the consensus EPS estimate being $1.14.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how American Airlines performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Operating cost per ASM (excluding special items and fuel)-Total Mainline & Regional: 12.7 cents versus the eight-analyst average estimate of 12.59 cents.
Operating cost per ASM excluding special items: 17.89 cents compared to the 17.93 cents average estimate based on eight analysts.
Passenger load factor (percent)-Total: 83.9% compared to the 84.38% average estimate based on four analysts.
Available seat miles -Total: 65962 million compared to the 66196.08 million average estimate based on four analysts.
Passenger revenue per ASM -Total: 18.39 cents versus 17.36 cents estimated by four analysts on average.
Average aircraft fuel price including related taxes -Total: 3.5 $/gal versus the four-analyst average estimate of 3.55 $/gal.
Total revenue per ASM -Total: 15.15 cents versus the four-analyst average estimate of 19.23 cents.
Revenue passenger miles -Total: 55320 million compared to the 55601.58 million average estimate based on three analysts.
Yield -Total: 21.93 cents versus the three-analyst average estimate of 20.56 cents.
Revenue-Passenger: $12.13 billion versus $11.62 billion estimated by five analysts on average.
Revenue-Other: $795 million versus the four-analyst average estimate of $849.70 million. The reported number represents a year-over-year change of +12.9%.
Revenues-Cargo: $263 million versus the four-analyst average estimate of $315.04 million. The reported number represents a year-over-year change of -22.9%.
View all Key Company Metrics for American Airlines here>>>
Shares of American Airlines have returned +32% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines (AAL) reported $13.19 billion in revenue for the quarter ended December 2022, representing a year-over-year increase of 39.9%. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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American Airlines (AAL) reported $13.19 billion in revenue for the quarter ended December 2022, representing a year-over-year increase of 39.9%. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Here is how American Airlines performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Operating cost per ASM (excluding special items and fuel)-Total Mainline & Regional: 12.7 cents versus the eight-analyst average estimate of 12.59 cents.
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American Airlines (AAL) reported $13.19 billion in revenue for the quarter ended December 2022, representing a year-over-year increase of 39.9%. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Here is how American Airlines performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Operating cost per ASM (excluding special items and fuel)-Total Mainline & Regional: 12.7 cents versus the eight-analyst average estimate of 12.59 cents.
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American Airlines (AAL) reported $13.19 billion in revenue for the quarter ended December 2022, representing a year-over-year increase of 39.9%. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Here is how American Airlines performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Operating cost per ASM (excluding special items and fuel)-Total Mainline & Regional: 12.7 cents versus the eight-analyst average estimate of 12.59 cents.
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2942.0
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2023-01-26 00:00:00 UTC
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American Airlines (AAL) Q4 Earnings Beat, Air Travel Surges
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-q4-earnings-beat-air-travel-surges
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American Airlines’ AAL fourth-quarter 2022 earnings (excluding 3 cents from non-recurring items) of $1.17 per share surpassed the Zacks Consensus Estimate of $1.14 per share despite higher costs. In the year-ago quarter, AAL incurred a loss of $1.42 per share when air-travel demand was not as buoyant as in the present scenario. The fourth quarter of 2022 was the third consecutive profitable quarter, excluding net special items, at AAL since the onset of the pandemic.
Operating revenues of $13,189 million increased 39.9% year over year, reflecting upbeat air-travel demand. However, the top line missed the Zacks Consensus Estimate of $13,218.7 million. Buoyant air-travel demand is also reflected by the total operating revenues, which increased 16.6% from the fourth-quarter 2019 (pre-coronavirus) level despite operating at 6.1% lower capacity.
In the December-end quarter, passenger revenues, accounting for the bulk of the top line (92%), increased to $12,131 million from $8,382 million a year ago, driven by strong air-travel demand mainly on the domestic front. Cargo revenues decreased 22.9% to $263 million. Other revenues climbed 12.8%.
Total revenue per available seat miles (a key measure of unit revenue: TRASM) increased to 19.99 cents from 15.43 cents a year ago. Passenger revenue per available seat miles rose 34.1% to 18.39 cents, driven by buoyant air-travel demand. Consolidated yield increased 28.2%.
Reflecting the uptick in air-travel demand, consolidated traffic (measured in revenue passenger miles) rose to 55,320 million from 48,982 million a year ago. To cater to this increased demand, capacity (measured in average seat miles) expanded to 65,962 million from 61,105 million. Consolidated load factor (percentage of seats filled by passengers) increased 3.7 points to 83.9%.
Total operating costs (on a reported basis) increased 15.7% year over year to $11,806 million, with aircraft fuel expenses and related taxes skyrocketing to $3,421 million from $2,196 million a year ago. Average fuel price per gallon (including related taxes) climbed to $3.50 from $2.36 a year ago.
Consolidated operating costs per available seat mile (CASM: excluding fuel and special items) edged down 3.4% to 12.70 cents. Fuel gallon consumption increased 5.2% to $979 million in fourth-quarter 2022.
American Airlines, currently carrying a Zacks Rank #2 (Buy), exited the year with $12 billion of total available liquidity. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Outlook
Driven by the soaring demand on healthy bookings, management expects first-quarter 2023 TRASM to be 24-27% higher than the first-quarter 2022 actuals.
AAL expects system capacity for the March-end quarter to increase 8-10% from the figure reported in first-quarter 2022. Fuel cost per gallon in first-quarter 2023 is expected to be $3.33-$3.38. Fuel gallon consumption is expected to be $955 million in first-quarter 2023.
The company expects total non-operating expenses of $415 million for the March-end quarter.
CASM, excluding fuel and special items, is expected to either remain flat or decrease up to 3% in the first quarter of 2023 from that reported in first-quarter 2022. The adjusted operating margin in the March-end quarter is anticipated to be 2.5-4.5%.
AAL expects the March-end quarter's earnings per share (excluding net special items) to be breakeven, in line with the Zacks Consensus Estimate. The effective tax rate is anticipated to be 23%.
The company expects 2023 capacity to improve 5-8% year over year. CASM, excluding fuel and special items, is expected to increase between 2% and 5% from the 2022 actuals. AAL anticipates paying down $15 billion of total debt by the end of 2025.
American Airlines expects full-year TRASM to be up year over year in the low-single digits. The adjusted operating margin for the current year is anticipated to be 7-9%.
AAL expects its total non-operating expense to be $1.6-$1.65 billion for 2023. Fuel cost per gallon in the current year is expected to be $3-$3.10. AAL expects 2023 adjusted earnings per share between $2.50 and $3.50. The Zacks Consensus Estimate is pegged at $1.93 per share.
A Sneak Peek Into Some Other Notable Airline Results
Let’s look at the fourth-quarter 2022 results of American Airlines’ rivals, such as Delta Air Lines DAL and United Airlines UAL.
Delta Air Lines’ earnings (excluding 19 cents from non-recurring items) of $1.48 per share beat the Zacks Consensus Estimate of $1.29 per share. DAL reported earnings of 22 cents per share a year ago, dull in comparison to the current scenario, as air-travel demand was not so buoyant then.
Delta reported revenues of $13,435 million, which surpassed the Zacks Consensus Estimate of $13,030.3 million. Driven by the high air-travel demand, total revenues increased more than 41.87% on a year-over-year basis.
United Airlines reported earnings of $2.46 per share, which beat the Zacks Consensus Estimate of $2.07 per share. In the year-ago quarter, UAL incurred a loss of $1.60 per share when air-travel demand was not as buoyant as in the current scenario.
Operating revenues of $12,400 million beat the Zacks Consensus Estimate of $12,230 million. UAL’s revenues increased 51.37% year over year due to upbeat air-travel demand.
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Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAL expects the March-end quarter's earnings per share (excluding net special items) to be breakeven, in line with the Zacks Consensus Estimate. American Airlines’ AAL fourth-quarter 2022 earnings (excluding 3 cents from non-recurring items) of $1.17 per share surpassed the Zacks Consensus Estimate of $1.14 per share despite higher costs. In the year-ago quarter, AAL incurred a loss of $1.42 per share when air-travel demand was not as buoyant as in the present scenario.
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American Airlines’ AAL fourth-quarter 2022 earnings (excluding 3 cents from non-recurring items) of $1.17 per share surpassed the Zacks Consensus Estimate of $1.14 per share despite higher costs. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. In the year-ago quarter, AAL incurred a loss of $1.42 per share when air-travel demand was not as buoyant as in the present scenario.
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Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines’ AAL fourth-quarter 2022 earnings (excluding 3 cents from non-recurring items) of $1.17 per share surpassed the Zacks Consensus Estimate of $1.14 per share despite higher costs. In the year-ago quarter, AAL incurred a loss of $1.42 per share when air-travel demand was not as buoyant as in the present scenario.
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American Airlines’ AAL fourth-quarter 2022 earnings (excluding 3 cents from non-recurring items) of $1.17 per share surpassed the Zacks Consensus Estimate of $1.14 per share despite higher costs. In the year-ago quarter, AAL incurred a loss of $1.42 per share when air-travel demand was not as buoyant as in the present scenario. The fourth quarter of 2022 was the third consecutive profitable quarter, excluding net special items, at AAL since the onset of the pandemic.
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2943.0
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2023-01-26 00:00:00 UTC
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Chile's Cochilco raises 2023 copper price forecast to $3.85/lb
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AAL
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https://www.nasdaq.com/articles/chiles-cochilco-raises-2023-copper-price-forecast-to-%243.85-lb
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Adds details
SANTIAGO, Jan 26 (Reuters) - State-owned Chilean Copper Commission (Cochilco) on Thursday raised its projection for 2023 copper prices to $3.85 per pound, up from a December estimate of $3.70 a pound, as inventories worldwide drop.
Cochilco also pegged its estimated 2024 copper price at an average of $3.65 a pound.
In a statement, Mining Minister Marcela Hernando said that "the easing of the zero COVID-19 policy in China; the moderation of North American monetary policy due to the drop in inflation; expectations of a milder than estimated recession in Europe" help the price of the metal.
The statement also explained that "historically low inventories and a concern about a lower supply of copper in the market" contributed to the rise.
A Cochilco report released by Reuters on Wednesday showed that copper production in Chile, the world's largest producer of the metal, will grow at a slower rate during this decade and will also require all projects in the pipeline to materialize.
Cochilco also estimates a global surplus of 160,000 tonnes is expected for 2023 and 360,000 tonnes for 2024, which is equivalent to between two to five days of copper consumption.
"These surpluses would be circumstantial given the positive price projections," the report said.
(Reporting by Fabian Cambero; Writing by Brendan O'Boyle; editing by Diane Craft)
((Brendan.OBoyle@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In a statement, Mining Minister Marcela Hernando said that "the easing of the zero COVID-19 policy in China; the moderation of North American monetary policy due to the drop in inflation; expectations of a milder than estimated recession in Europe" help the price of the metal. The statement also explained that "historically low inventories and a concern about a lower supply of copper in the market" contributed to the rise. A Cochilco report released by Reuters on Wednesday showed that copper production in Chile, the world's largest producer of the metal, will grow at a slower rate during this decade and will also require all projects in the pipeline to materialize.
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Adds details SANTIAGO, Jan 26 (Reuters) - State-owned Chilean Copper Commission (Cochilco) on Thursday raised its projection for 2023 copper prices to $3.85 per pound, up from a December estimate of $3.70 a pound, as inventories worldwide drop. Cochilco also pegged its estimated 2024 copper price at an average of $3.65 a pound. Cochilco also estimates a global surplus of 160,000 tonnes is expected for 2023 and 360,000 tonnes for 2024, which is equivalent to between two to five days of copper consumption.
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Adds details SANTIAGO, Jan 26 (Reuters) - State-owned Chilean Copper Commission (Cochilco) on Thursday raised its projection for 2023 copper prices to $3.85 per pound, up from a December estimate of $3.70 a pound, as inventories worldwide drop. In a statement, Mining Minister Marcela Hernando said that "the easing of the zero COVID-19 policy in China; the moderation of North American monetary policy due to the drop in inflation; expectations of a milder than estimated recession in Europe" help the price of the metal. A Cochilco report released by Reuters on Wednesday showed that copper production in Chile, the world's largest producer of the metal, will grow at a slower rate during this decade and will also require all projects in the pipeline to materialize.
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Adds details SANTIAGO, Jan 26 (Reuters) - State-owned Chilean Copper Commission (Cochilco) on Thursday raised its projection for 2023 copper prices to $3.85 per pound, up from a December estimate of $3.70 a pound, as inventories worldwide drop. Cochilco also pegged its estimated 2024 copper price at an average of $3.65 a pound. In a statement, Mining Minister Marcela Hernando said that "the easing of the zero COVID-19 policy in China; the moderation of North American monetary policy due to the drop in inflation; expectations of a milder than estimated recession in Europe" help the price of the metal.
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2944.0
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2023-01-26 00:00:00 UTC
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U.S. airlines forecast strong 2023 earnings as travel boom drives demand
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AAL
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https://www.nasdaq.com/articles/u.s.-airlines-forecast-strong-2023-earnings-as-travel-boom-drives-demand
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By Aishwarya Nair and Abhijith Ganapavaram
Jan 26 (Reuters) - U.S. carriers on Thursday gave strong earnings forecasts for the year despite economic worries after buoyant demand for air travel during the crucial holiday season helped lift quarterly results.
Major airlines are trying to cash in on a travel boom since the pandemic eased its grip on the world, making the industry one of the few bright spots against the backdrop of runaway inflation, rising interest rates and a looming recession.
The sector has also been able to raise prices as consumers continue to spend on leisure despite signs of a slowdown, while production problems at planemakers help keep capacity in check. China's reopening is also expected to add to the upbeat mood.
"The airline industry will benefit as travel reopens, but we anticipate more outbound travel from China to the West than from the West to China as Chinese consumers take their turn at 'revenge travel,'" Cowen analyst Helane Becker said in a note.
On Thursday, American Airlines AAL.O, JetBlue Airways Corp JBLU.O and Alaska Air Group ALK.N all forecast better-than-expected earnings for the full year.
"As we kick off 2023, we're pleased to see the demand environment remain solid into the seasonally trough period of the year," said Joanna Geraghty, JetBlue president and chief operating officer.
The company's Northeast Alliance partner American Airlines forecast an adjusted profit of $2.50 to $3.50 per share for 2023, handily beating analyst expectations of $1.77, according to Refinitiv data. Its shares were up 2.3% before the bell.
The resilient demand has allowed Fort Worth, Texas-based American to focus on fixing its debt-laden balance sheet. It has outlined a goal of paying down $15 billion of total debt by 2025-end.
"As we turn our attention to 2023, we will continue to prioritize reliability, profitability and debt reduction," American Airlines Chief Executive Robert Isom said.
Earlier this month, rival carriers United Airlines UAL.O and Delta Air Lines DAL.N reported bigger-than-expected quarterly earnings and gave a bullish outlook amid recessionary fears.
Both American Airlines and JetBlue posted fourth-quarter earnings that beat estimates on Thursday.
(Reporting by Aishwarya Nair and Abhijith Ganapavaram in Bengaluru; Editing by Anil D'Silva)
((Aishwarya.Nair@thomsonreuters.com; +91-9167838937 Twitter: https://twitter.com/Aishwaryartrs ;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On Thursday, American Airlines AAL.O, JetBlue Airways Corp JBLU.O and Alaska Air Group ALK.N all forecast better-than-expected earnings for the full year. By Aishwarya Nair and Abhijith Ganapavaram Jan 26 (Reuters) - U.S. carriers on Thursday gave strong earnings forecasts for the year despite economic worries after buoyant demand for air travel during the crucial holiday season helped lift quarterly results. Major airlines are trying to cash in on a travel boom since the pandemic eased its grip on the world, making the industry one of the few bright spots against the backdrop of runaway inflation, rising interest rates and a looming recession.
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On Thursday, American Airlines AAL.O, JetBlue Airways Corp JBLU.O and Alaska Air Group ALK.N all forecast better-than-expected earnings for the full year. By Aishwarya Nair and Abhijith Ganapavaram Jan 26 (Reuters) - U.S. carriers on Thursday gave strong earnings forecasts for the year despite economic worries after buoyant demand for air travel during the crucial holiday season helped lift quarterly results. The company's Northeast Alliance partner American Airlines forecast an adjusted profit of $2.50 to $3.50 per share for 2023, handily beating analyst expectations of $1.77, according to Refinitiv data.
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On Thursday, American Airlines AAL.O, JetBlue Airways Corp JBLU.O and Alaska Air Group ALK.N all forecast better-than-expected earnings for the full year. By Aishwarya Nair and Abhijith Ganapavaram Jan 26 (Reuters) - U.S. carriers on Thursday gave strong earnings forecasts for the year despite economic worries after buoyant demand for air travel during the crucial holiday season helped lift quarterly results. "The airline industry will benefit as travel reopens, but we anticipate more outbound travel from China to the West than from the West to China as Chinese consumers take their turn at 'revenge travel,'" Cowen analyst Helane Becker said in a note.
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On Thursday, American Airlines AAL.O, JetBlue Airways Corp JBLU.O and Alaska Air Group ALK.N all forecast better-than-expected earnings for the full year. By Aishwarya Nair and Abhijith Ganapavaram Jan 26 (Reuters) - U.S. carriers on Thursday gave strong earnings forecasts for the year despite economic worries after buoyant demand for air travel during the crucial holiday season helped lift quarterly results. Major airlines are trying to cash in on a travel boom since the pandemic eased its grip on the world, making the industry one of the few bright spots against the backdrop of runaway inflation, rising interest rates and a looming recession.
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2945.0
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2023-01-26 00:00:00 UTC
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US STOCKS-Wall St set to open higher on soft landing hopes, upbeat Tesla outlook
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AAL
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https://www.nasdaq.com/articles/us-stocks-wall-st-set-to-open-higher-on-soft-landing-hopes-upbeat-tesla-outlook
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.
U.S. economy grows strongly in Q4
Weekly jobless claims fall
IBM warns of softening growth in businesses
Chevron to bump up share buybacks
Futures up: Nasdaq 1.03%, S&P 0.55%, Dow 0.24%
Adds comments, details; updates prices
By Johann M Cherian and Shreyashi Sanyal
Jan 26 (Reuters) - U.S. stock indexes were set to open higher on Thursday after data showing a resilient labor market and better-than-expected economic growth last quarter helped ease worries of a deep recession, while Tesla's bullish outlook added to the cheer.
A report from the Labor Department showed initial claims for state unemployment benefits dropped to a seasonally adjusted 186,000 for the week ended Jan. 21, lower than 192,000 from the week before.
Separately, the Commerce Department said gross domestic product (GDP) increased at an annualized rate of 2.9% in the fourth quarter, above expectations of a 2.6% rise.
"For almost a year, the Federal Reserve has been trying to achieve a soft landing by raising short-term interest rates just-enough to bring down inflation without causing a recession," said Richard Flynn, managing director at Charles Schwab.
"It's clear the economy remains relatively strong in the face of the Fed's efforts, suggesting they're succeeding."
The GDP report could mark the last quarter of solid growth before the impact of the Federal Reserve's aggressive tightening spree starts reflecting, with most economists expecting a mild recession by the second half of 2023.
Money markets are pricing in a 25-basis-points rate hike by the Fed next week, with a terminal rate of 4.9% in June, still below the 5% rate backed by many policymakers. 0#FEDWATCH
After Microsoft Corp's MSFT.O disappointing outlook spooked markets in the previous session, Tesla Inc'sTSLA.O better-than-expected quarterly results reassured investors that the EV maker could cope with a slowing economy in 2023.
Tesla jumped 8.7% in premarket trading, lifting other EV makers such as Rivian Automotive RIVN.O, Lucid Group LCID.O and NIO NIO.N between 4% and 5.4%.
Growth stocks have been on a winning spree in January, with the S&P 500 Growth index .IGX recouping more than half of the losses logged last month.
Keeping a lid on gains for Dow e-minis 1YMcv1 was chemical firm Dow Inc DOW.N that slid 3.3% after it missed Wall Street estimates for quarterly profit, hurt by higher energy costs, weaker demand and supply chain disruptions.
Software firm IBM Corp IBM.N slid 2.3% after it missed annual cash flow targets and also flagged slowing growth in its software and consulting businesses.
At 8:49 a.m. ET, Dow e-minis 1YMcv1 were up 81 points, or 0.24%, S&P 500 e-minis EScv1 were up 22.25 points, or 0.55%, and Nasdaq 100 e-minis NQcv1 were up 121.75 points, or 1.03%.
Mastercard Inc MA.N added 0.9% after reporting a better-than-expected fourth-quarter profit, supported by resilient spending volumes. Rival Visa Inc V.N rose 0.4%.
Chevron CorpCVX.N gained 3.6% after the oil major said it would triple its budget for share buybacks to $75 billion.
American AirlinesAAL.O climbed 1.3% on expectations of higher profit for the full year, buoyed by strong demand for air travel, while Southwest Airlines CoLUV.N slipped 2.9% on warning of a loss in the first quarter.
(Reporting by Johann M Cherian and Shreyashi Sanyal in Bengaluru; Additional reporting by Sruthi Shankar; Editing by Arun Koyyur and Vinay Dwivedi)
((johann.mcherian@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American AirlinesAAL.O climbed 1.3% on expectations of higher profit for the full year, buoyed by strong demand for air travel, while Southwest Airlines CoLUV.N slipped 2.9% on warning of a loss in the first quarter. U.S. economy grows strongly in Q4 Weekly jobless claims fall IBM warns of softening growth in businesses Chevron to bump up share buybacks Futures up: Nasdaq 1.03%, S&P 0.55%, Dow 0.24% Adds comments, details; updates prices By Johann M Cherian and Shreyashi Sanyal Jan 26 (Reuters) - U.S. stock indexes were set to open higher on Thursday after data showing a resilient labor market and better-than-expected economic growth last quarter helped ease worries of a deep recession, while Tesla's bullish outlook added to the cheer. "For almost a year, the Federal Reserve has been trying to achieve a soft landing by raising short-term interest rates just-enough to bring down inflation without causing a recession," said Richard Flynn, managing director at Charles Schwab.
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American AirlinesAAL.O climbed 1.3% on expectations of higher profit for the full year, buoyed by strong demand for air travel, while Southwest Airlines CoLUV.N slipped 2.9% on warning of a loss in the first quarter. U.S. economy grows strongly in Q4 Weekly jobless claims fall IBM warns of softening growth in businesses Chevron to bump up share buybacks Futures up: Nasdaq 1.03%, S&P 0.55%, Dow 0.24% Adds comments, details; updates prices By Johann M Cherian and Shreyashi Sanyal Jan 26 (Reuters) - U.S. stock indexes were set to open higher on Thursday after data showing a resilient labor market and better-than-expected economic growth last quarter helped ease worries of a deep recession, while Tesla's bullish outlook added to the cheer. Keeping a lid on gains for Dow e-minis 1YMcv1 was chemical firm Dow Inc DOW.N that slid 3.3% after it missed Wall Street estimates for quarterly profit, hurt by higher energy costs, weaker demand and supply chain disruptions.
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American AirlinesAAL.O climbed 1.3% on expectations of higher profit for the full year, buoyed by strong demand for air travel, while Southwest Airlines CoLUV.N slipped 2.9% on warning of a loss in the first quarter. U.S. economy grows strongly in Q4 Weekly jobless claims fall IBM warns of softening growth in businesses Chevron to bump up share buybacks Futures up: Nasdaq 1.03%, S&P 0.55%, Dow 0.24% Adds comments, details; updates prices By Johann M Cherian and Shreyashi Sanyal Jan 26 (Reuters) - U.S. stock indexes were set to open higher on Thursday after data showing a resilient labor market and better-than-expected economic growth last quarter helped ease worries of a deep recession, while Tesla's bullish outlook added to the cheer. The GDP report could mark the last quarter of solid growth before the impact of the Federal Reserve's aggressive tightening spree starts reflecting, with most economists expecting a mild recession by the second half of 2023.
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American AirlinesAAL.O climbed 1.3% on expectations of higher profit for the full year, buoyed by strong demand for air travel, while Southwest Airlines CoLUV.N slipped 2.9% on warning of a loss in the first quarter. U.S. economy grows strongly in Q4 Weekly jobless claims fall IBM warns of softening growth in businesses Chevron to bump up share buybacks Futures up: Nasdaq 1.03%, S&P 0.55%, Dow 0.24% Adds comments, details; updates prices By Johann M Cherian and Shreyashi Sanyal Jan 26 (Reuters) - U.S. stock indexes were set to open higher on Thursday after data showing a resilient labor market and better-than-expected economic growth last quarter helped ease worries of a deep recession, while Tesla's bullish outlook added to the cheer. The GDP report could mark the last quarter of solid growth before the impact of the Federal Reserve's aggressive tightening spree starts reflecting, with most economists expecting a mild recession by the second half of 2023.
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2946.0
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2023-01-26 00:00:00 UTC
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Pre-Market Most Active for Jan 26, 2023 : TSLA, TQQQ, AAL, SQQQ, TSLL, SJI, XM, NIO, TFC, TJX, XPEV, NOK
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AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-jan-26-2023-%3A-tsla-tqqq-aal-sqqq-tsll-sji-xm-nio-tfc-tjx-xpev
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The NASDAQ 100 Pre-Market Indicator is up 107.75 to 11,922.44. The total Pre-Market volume is currently 65,577,450 shares traded.
The following are the most active stocks for the pre-market session:
Tesla, Inc. (TSLA) is +11.13 at $155.56, with 6,492,405 shares traded. TSLA's current last sale is 77.78% of the target price of $200.
ProShares UltraPro QQQ (TQQQ) is +0.58 at $22.02, with 6,369,135 shares traded. This represents a 36.77% increase from its 52 Week Low.
American Airlines Group, Inc. (AAL) is +0.19 at $16.45, with 2,529,350 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2022. The consensus EPS forecast is $1.14. Smarter Analyst Reports: American Airlines Jumps 2% on Lower-than-Feared Quarterly Loss, Revenue Beats
ProShares UltraPro Short QQQ (SQQQ) is -1.09 at $41.33, with 2,489,778 shares traded. This represents a 32.59% increase from its 52 Week Low.
Direxion Daily TSLA Bull 1.5X Shares (TSLL) is +0.89 at $8.67, with 2,382,611 shares traded. This represents a 86.85% increase from its 52 Week Low.
South Jersey Industries, Inc. (SJI) is +0.03 at $36.11, with 1,669,091 shares traded., following a 52-week high recorded in prior regular session.
Qualtrics International Inc. (XM) is +3.28 at $14.49, with 1,093,810 shares traded. As reported by Zacks, the current mean recommendation for XM is in the "buy range".
NIO Inc. (NIO) is +0.66 at $12.29, with 1,085,705 shares traded. As reported by Zacks, the current mean recommendation for NIO is in the "buy range".
Truist Financial Corporation (TFC) is +0.21 at $48.99, with 1,000,318 shares traded. TFC's current last sale is 93.31% of the target price of $52.5.
TJX Companies, Inc. (The) (TJX) is +0.35 at $83.00, with 915,501 shares traded. As reported by Zacks, the current mean recommendation for TJX is in the "buy range".
XPeng Inc. (XPEV) is +0.4 at $10.17, with 751,642 shares traded. XPEV's current last sale is 82.02% of the target price of $12.4.
Nokia Corporation (NOK) is +0.15 at $4.78, with 441,989 shares traded. Smarter Analyst Reports: Nokia Bags Deal to Deploy 4G & 5G Network in Indonesia
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group, Inc. (AAL) is +0.19 at $16.45, with 2,529,350 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2022. Smarter Analyst Reports: American Airlines Jumps 2% on Lower-than-Feared Quarterly Loss, Revenue Beats
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American Airlines Group, Inc. (AAL) is +0.19 at $16.45, with 2,529,350 shares traded. Smarter Analyst Reports: American Airlines Jumps 2% on Lower-than-Feared Quarterly Loss, Revenue Beats As reported by Zacks, the current mean recommendation for XM is in the "buy range".
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American Airlines Group, Inc. (AAL) is +0.19 at $16.45, with 2,529,350 shares traded. The total Pre-Market volume is currently 65,577,450 shares traded. Direxion Daily TSLA Bull 1.5X Shares (TSLL) is +0.89 at $8.67, with 2,382,611 shares traded.
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American Airlines Group, Inc. (AAL) is +0.19 at $16.45, with 2,529,350 shares traded. The following are the most active stocks for the pre-market session: TSLA's current last sale is 77.78% of the target price of $200.
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2947.0
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2023-01-26 00:00:00 UTC
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American Airlines Group Q4 Profit Tops Estimates; Achieves Record Revenue
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AAL
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https://www.nasdaq.com/articles/american-airlines-group-q4-profit-tops-estimates-achieves-record-revenue
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nan
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nan
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(RTTNews) - American Airlines Group Inc. (AAL) reported fourth-quarter profit per share, excluding net special items, of $1.17 compared to a loss of $1.42, prior year. On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $1.14, for the quarter. Analysts' estimates typically exclude special items.
Net income was $803 million compared to a loss of $931 million, last year. Profit per share was $1.14 compared to a loss of $1.44.
Revenues were $13.2 billion, up 39.9% from las year, and an increase of 16.6% from the same period in 2019. This was the highest fourth-quarter revenue in company history. American Airlines noted that this record revenue was achieved while flying 6.1% less capacity than the same period in 2019. Analysts on average had estimated $13.2 billion in revenue.
American Airlines expects first-quarter adjusted earnings per share to be approximately breakeven. American expects 2023 adjusted earnings per share to be between $2.50 and $3.50.
American Airlines ended the year with $12 billion of total available liquidity, comprised of cash and short-term investments plus undrawn capacity under revolving and other credit facilities.
The company said total debt reduction continues to be a top priority, and it is more than halfway to the goal of reducing total debt by $15 billion by the end of 2025. As of Dec. 31, 2022, American had reduced its total debt by more than $8 billion from peak levels in the second quarter of 2021.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - American Airlines Group Inc. (AAL) reported fourth-quarter profit per share, excluding net special items, of $1.17 compared to a loss of $1.42, prior year. On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $1.14, for the quarter. American Airlines ended the year with $12 billion of total available liquidity, comprised of cash and short-term investments plus undrawn capacity under revolving and other credit facilities.
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(RTTNews) - American Airlines Group Inc. (AAL) reported fourth-quarter profit per share, excluding net special items, of $1.17 compared to a loss of $1.42, prior year. Analysts' estimates typically exclude special items. American Airlines expects first-quarter adjusted earnings per share to be approximately breakeven.
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(RTTNews) - American Airlines Group Inc. (AAL) reported fourth-quarter profit per share, excluding net special items, of $1.17 compared to a loss of $1.42, prior year. American Airlines expects first-quarter adjusted earnings per share to be approximately breakeven. American Airlines ended the year with $12 billion of total available liquidity, comprised of cash and short-term investments plus undrawn capacity under revolving and other credit facilities.
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(RTTNews) - American Airlines Group Inc. (AAL) reported fourth-quarter profit per share, excluding net special items, of $1.17 compared to a loss of $1.42, prior year. On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $1.14, for the quarter. Analysts on average had estimated $13.2 billion in revenue.
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2948.0
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2023-01-26 00:00:00 UTC
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American Airlines Group Inc Q4 Earnings Summary
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AAL
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https://www.nasdaq.com/articles/american-airlines-group-inc-q4-earnings-summary
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nan
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nan
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(RTTNews) - Below are the earnings highlights for American Airlines Group Inc (AAL):
Earnings: $803 million in Q4 vs. -$931 million in the same period last year. EPS: $1.14 in Q4 vs. -$1.44 in the same period last year. Excluding items, American Airlines Group Inc reported adjusted earnings of $827 million or $1.17 per share for the period.
Analysts projected $1.14 per share Revenue: $13.19 billion in Q4 vs. $9.43 billion in the same period last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for American Airlines Group Inc (AAL): Earnings: $803 million in Q4 vs. -$931 million in the same period last year. Excluding items, American Airlines Group Inc reported adjusted earnings of $827 million or $1.17 per share for the period. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for American Airlines Group Inc (AAL): Earnings: $803 million in Q4 vs. -$931 million in the same period last year. Excluding items, American Airlines Group Inc reported adjusted earnings of $827 million or $1.17 per share for the period. Analysts projected $1.14 per share Revenue: $13.19 billion in Q4 vs. $9.43 billion in the same period last year.
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(RTTNews) - Below are the earnings highlights for American Airlines Group Inc (AAL): Earnings: $803 million in Q4 vs. -$931 million in the same period last year. Excluding items, American Airlines Group Inc reported adjusted earnings of $827 million or $1.17 per share for the period. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for American Airlines Group Inc (AAL): Earnings: $803 million in Q4 vs. -$931 million in the same period last year. EPS: $1.14 in Q4 vs. -$1.44 in the same period last year. Excluding items, American Airlines Group Inc reported adjusted earnings of $827 million or $1.17 per share for the period.
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2949.0
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2023-01-26 00:00:00 UTC
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American Airlines forecasts higher profit on buoyant travel demand
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AAL
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https://www.nasdaq.com/articles/american-airlines-forecasts-higher-profit-on-buoyant-travel-demand
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nan
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nan
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Recasts with outlook, details from results, background
Jan 26 (Reuters) - American Airlines AAL.O on Thursday forecast sharply higher profit for the full year and beat estimates for quarterly earnings on buoyant demand for air travel.
The carrier expects an adjusted profit of $2.50 and $3.50 per share for 2023, up from 50 cents per share a year earlier.
Major airlines are trying to cash in on a travel boom since the pandemic eased its grip on the world, making the industry one of the few bright spots against the backdrop of runaway inflation, rising interest rates and a looming recession.
Industry executives have said that they don't see any signs of slowing demand in the face of a potential slowdown.
Planes are packed with passengers, giving the industry more room to raise air fares, which have helped overcome the impact of rising energy and labor expenses.
The Fort Worth, Texas-based carrier reported an adjusted profit of $827 million, or $1.17 per share, for the quarter ended Dec. 31, compared with a loss of $921 million, or $1.42 per share, a year earlier.
Analysts on average had expected the airline to post a profit of $1.14 per share, according to Refinitiv IBES data.
(Reporting by Aishwarya Nair in Bengaluru; Editing by Anil D'Silva)
((Aishwarya.Nair@thomsonreuters.com; +91-9167838937 Twitter: https://twitter.com/Aishwaryartrs ;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Recasts with outlook, details from results, background Jan 26 (Reuters) - American Airlines AAL.O on Thursday forecast sharply higher profit for the full year and beat estimates for quarterly earnings on buoyant demand for air travel. Major airlines are trying to cash in on a travel boom since the pandemic eased its grip on the world, making the industry one of the few bright spots against the backdrop of runaway inflation, rising interest rates and a looming recession. Planes are packed with passengers, giving the industry more room to raise air fares, which have helped overcome the impact of rising energy and labor expenses.
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Recasts with outlook, details from results, background Jan 26 (Reuters) - American Airlines AAL.O on Thursday forecast sharply higher profit for the full year and beat estimates for quarterly earnings on buoyant demand for air travel. The carrier expects an adjusted profit of $2.50 and $3.50 per share for 2023, up from 50 cents per share a year earlier. The Fort Worth, Texas-based carrier reported an adjusted profit of $827 million, or $1.17 per share, for the quarter ended Dec. 31, compared with a loss of $921 million, or $1.42 per share, a year earlier.
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Recasts with outlook, details from results, background Jan 26 (Reuters) - American Airlines AAL.O on Thursday forecast sharply higher profit for the full year and beat estimates for quarterly earnings on buoyant demand for air travel. The carrier expects an adjusted profit of $2.50 and $3.50 per share for 2023, up from 50 cents per share a year earlier. The Fort Worth, Texas-based carrier reported an adjusted profit of $827 million, or $1.17 per share, for the quarter ended Dec. 31, compared with a loss of $921 million, or $1.42 per share, a year earlier.
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Recasts with outlook, details from results, background Jan 26 (Reuters) - American Airlines AAL.O on Thursday forecast sharply higher profit for the full year and beat estimates for quarterly earnings on buoyant demand for air travel. The carrier expects an adjusted profit of $2.50 and $3.50 per share for 2023, up from 50 cents per share a year earlier. Major airlines are trying to cash in on a travel boom since the pandemic eased its grip on the world, making the industry one of the few bright spots against the backdrop of runaway inflation, rising interest rates and a looming recession.
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2950.0
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2023-01-26 00:00:00 UTC
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American Airlines Group Q4 22 Earnings Conference Call At 8:30 AM ET
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AAL
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https://www.nasdaq.com/articles/american-airlines-group-q4-22-earnings-conference-call-at-8%3A30-am-et
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(RTTNews) - American Airlines Group Inc. (AAL) will host a conference call at 8:30 ET on January 26, 2023, to discuss Q4 22 earnings results.
To access the live webcast, log on to http://aa.com/investorrelations
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - American Airlines Group Inc. (AAL) will host a conference call at 8:30 ET on January 26, 2023, to discuss Q4 22 earnings results. To access the live webcast, log on to http://aa.com/investorrelations The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - American Airlines Group Inc. (AAL) will host a conference call at 8:30 ET on January 26, 2023, to discuss Q4 22 earnings results. To access the live webcast, log on to http://aa.com/investorrelations The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - American Airlines Group Inc. (AAL) will host a conference call at 8:30 ET on January 26, 2023, to discuss Q4 22 earnings results. To access the live webcast, log on to http://aa.com/investorrelations The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - American Airlines Group Inc. (AAL) will host a conference call at 8:30 ET on January 26, 2023, to discuss Q4 22 earnings results. To access the live webcast, log on to http://aa.com/investorrelations The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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2951.0
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2023-01-25 00:00:00 UTC
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Despite Fast-paced Momentum, American Airlines (AAL) Is Still a Bargain Stock
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AAL
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https://www.nasdaq.com/articles/despite-fast-paced-momentum-american-airlines-aal-is-still-a-bargain-stock
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Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.
Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, investors find themselves loaded up on expensive shares with limited to no upside or even a downside. So, going all-in on momentum could be risky at times.
A safer approach could be investing in bargain stocks with recent price momentum. While the Zacks Momentum Style Score (part of the Zacks Style Scores system) helps identify great momentum stocks by paying close attention to trends in a stock's price or earnings, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.
There are several stocks that currently pass through the screen and American Airlines (AAL) is one of them. Here are the key reasons why this stock is a great candidate.
Investors' growing interest in a stock is reflected in its recent price increase. A price change of 27.9% over the past four weeks positions the stock of this world's largest airline well in this regard.
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. AAL meets this criterion too, as the stock gained 13.5% over the past 12 weeks.
Moreover, the momentum for AAL is fast paced, as the stock currently has a beta of 1.47. This indicates that the stock moves 47% higher than the market in either direction.
Given this price performance, it is no surprise that AAL has a Momentum Score of A, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped AAL earn a Zacks Rank #2 (Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Most importantly, despite possessing fast-paced momentum features, AAL is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. AAL is currently trading at 0.23 times its sales. In other words, investors need to pay only 23 cents for each dollar of sales.
So, AAL appears to have plenty of room to run, and that too at a fast pace.
In addition to AAL, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, AAL is trading at a reasonable valuation. There are several stocks that currently pass through the screen and American Airlines (AAL) is one of them. AAL meets this criterion too, as the stock gained 13.5% over the past 12 weeks.
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In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped AAL earn a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, AAL is trading at a reasonable valuation. There are several stocks that currently pass through the screen and American Airlines (AAL) is one of them.
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Given this price performance, it is no surprise that AAL has a Momentum Score of A, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, AAL is trading at a reasonable valuation. There are several stocks that currently pass through the screen and American Airlines (AAL) is one of them.
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In addition to AAL, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. There are several stocks that currently pass through the screen and American Airlines (AAL) is one of them. AAL meets this criterion too, as the stock gained 13.5% over the past 12 weeks.
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2952.0
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2023-01-25 00:00:00 UTC
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American Airlines Q4 Preview: Can Shares Take Flight?
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AAL
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https://www.nasdaq.com/articles/american-airlines-q4-preview%3A-can-shares-take-flight
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nan
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It’s the most critical time of the year for stocks – earnings season. Investors will remain busy sorting through quarterly results for some time, with plenty of companies unveiling what’s transpired behind closed doors.
We’ve received quarterly results from several notable companies, including titans Netflix NFLX and Microsoft MSFT.
And we’ve received results from several airliners, including Delta Air Lines DAL.
Now, American Airlines AAL is gearing up to unveil its quarterly results tomorrow on Thursday, January 26th, before the market open.
American Airlines, the largest airline internationally, provides passenger and cargo services. Currently, the company sports a favorable Zacks Rank #2 (Buy).
How does the company currently shape up? We can use quarterly results received from DAL as a small gauge.
Delta Air Lines Q4
Delta Air Lines posted better-than-expected results thanks to a continued recovery in travel demand, reporting EPS of $1.48, which exceeded our consensus estimate by more than 14.7%.
In addition, Delta generated roughly $13.4 billion in revenue throughout the period, more than enough to exceed the Zacks Consensus Sales estimate of $13 billion and reflecting a sizable 41% Y/Y increase. Below is a chart illustrating the company’s revenue on a quarterly basis.
Image Source: Zacks Investment Research
Demand remained hot throughout the quarter, resulting in a 7% uptick in Domestic total passenger revenue compared to the December 2019 quarter. It’s worth noting that many airliners base their growth comps on pre-pandemic levels.
Further, operating cash flow totaled $1.2 billion, and the company made $285 million in payments on debt and finance lease obligations throughout the period.
Ed Bastian, CEO, on the results, “As we move into 2023, the industry backdrop for air travel remains favorable and Delta is well positioned to deliver significant earnings and free cash flow growth. We expect to grow 2023 revenue by 15 to 20 percent and improve unit costs year-over-year, supporting a full-year outlook for earnings of $5 to $6 per share and keeping us on track to achieve more than $7 of earnings per share in 2024.”
Delta Air Lines shares are up nearly 20% YTD.
American Airlines
Quarterly Estimates –
Analysts have taken a bullish stance on the company’s quarterly outlook, with six positive earnings estimate revisions hitting the tape over the last several months.
Look out – the Zacks Consensus EPS Estimate of $0.84 suggests an uptick of nearly 160% Y/Y.
Image Source: Zacks Investment Research
The company’s top line also looks to bounce back, with our $12.9 billion quarterly revenue estimate suggesting an improvement of nearly 40% Y/Y. Clearly, the recovery is in full swing.
Valuation –
Presently, AAL shares trade at a 0.2X forward price-to-sales ratio, beneath the 0.3X five-year median and Zacks Transportation sector average of 1.6X.
Image Source: Zacks Investment Research
Quarterly Performance –
American Airlines has primarily exceeded quarterly estimates, surpassing the Zacks Consensus EPS Estimate in three of its last four releases. In its latest release, the airliner beat earnings expectations by more than 25%.
Top-line results have also been positive, with AAL beating revenue estimates in six consecutive quarters. Below is a chart illustrating the company’s revenue on a quarterly basis.
Image Source: Zacks Investment Research
Putting Everything Together
Investors remain busy with earnings season, undoubtedly one of the most critical periods of the entire year for stocks.
And tomorrow, we’ll receive quarterly results from American Airlines AAL. A peer, Delta Air Lines DAL, has already reported quarterly results, exceeding estimates handily.
Analysts have been bullish for AAL’s quarter, with estimates suggesting a sizable recovery within earnings and revenue.
Further, the company has consistently beat expectations as of late, and the company’s forward price-to-sales-ratio remains below the five-year median.
Heading into the release, American Airlines is a Zacks Rank #2 (Buy) with an Earnings ESP Score of 9.8%.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
Netflix, Inc. (NFLX) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Now, American Airlines AAL is gearing up to unveil its quarterly results tomorrow on Thursday, January 26th, before the market open. Valuation – Presently, AAL shares trade at a 0.2X forward price-to-sales ratio, beneath the 0.3X five-year median and Zacks Transportation sector average of 1.6X. Top-line results have also been positive, with AAL beating revenue estimates in six consecutive quarters.
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Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Now, American Airlines AAL is gearing up to unveil its quarterly results tomorrow on Thursday, January 26th, before the market open. Valuation – Presently, AAL shares trade at a 0.2X forward price-to-sales ratio, beneath the 0.3X five-year median and Zacks Transportation sector average of 1.6X.
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Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Now, American Airlines AAL is gearing up to unveil its quarterly results tomorrow on Thursday, January 26th, before the market open. Valuation – Presently, AAL shares trade at a 0.2X forward price-to-sales ratio, beneath the 0.3X five-year median and Zacks Transportation sector average of 1.6X.
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And tomorrow, we’ll receive quarterly results from American Airlines AAL. Analysts have been bullish for AAL’s quarter, with estimates suggesting a sizable recovery within earnings and revenue. Now, American Airlines AAL is gearing up to unveil its quarterly results tomorrow on Thursday, January 26th, before the market open.
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2953.0
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2023-01-25 00:00:00 UTC
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Norfolk Southern (NSC) Hikes Dividend to Gratify Shareholders
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AAL
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https://www.nasdaq.com/articles/norfolk-southern-nsc-hikes-dividend-to-gratify-shareholders
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nan
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Dividends can be considered one of the most rewarding elements of investing in the stock market. Norfolk Southern Corporation NSC has not disappointed its shareholders on the front and has provided regular dividends since its inception in 1982.
The company has announced a 9% increase in the quarterly dividend amounting to $1.35 from the previous $1.24. The new dividend is payable on Feb 21 to its shareholders of record on Feb 3.
Norfolk Southern has an impressive history of rewarding its shareholders. In 2021, the company rewarded its shareholders to the tune of $4,418 million, through dividends ($1,028 million) and share buybacks (3,390 million).
Norfolk Southern Corporation Dividend Yield (TTM)
Norfolk Southern Corporation dividend-yield-ttm | Norfolk Southern Corporation Quote
The latest 9% hike in dividends marks the first such increase after the first quarter of 2022. In the past four quarters, NSC has paid a constant dividend of $1.24 per share.
During the first nine months of 2022, Norfolk Southern paid dividends worth $881 million, and retired and repurchased common stocks worth $2,284 million. In the first nine months of 2022, free cash flow was $2,142 million, which supports the company’s expectation to pay dividends of 35-40% in 2022.
A high dividend-yielding stock is much coveted by investors. Needless to say, they are always on the lookout for companies with a consistent and incremental dividend history. Therefore, Norfolk Southern’s decision to increase dividends certainly seems prudent.
Zacks Rank & Stocks to Consider
Currently, Norfolk Southern holds Zacks Rank #3 (Hold). Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines AAL and Gol Linhas Aereas Inteligentes S.A. GOL. American Airlines and Gol Linhas currently carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average. The Zacks Consensus Estimate for AAL’s current-year earnings has improved 26.1% over the past 60 days. Shares of AAL have gained 19.3% over the past six months.
Gol Linhas predicts fourth-quarter passenger unit revenues to be up 20% year over year, backed by a continued recovery in travel demand. Gol Linhas’ acquisition of domestic airline MAP Transportes Aéreos Ltd, a Brazilian domestic airline, for R$28 million is a prudent move. The acquisition is likely to boost the company's top line by attracting additional traffic. Gol Linhas has an expected earnings growth rate of 55.4% for 2023.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Norfolk Southern Corporation (NSC) : Free Stock Analysis Report
Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines AAL and Gol Linhas Aereas Inteligentes S.A. GOL. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
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Click to get this free report Norfolk Southern Corporation (NSC) : Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines AAL and Gol Linhas Aereas Inteligentes S.A. GOL. AAL has an expected earnings growth rate of more than 100% for the current year.
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Click to get this free report Norfolk Southern Corporation (NSC) : Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines AAL and Gol Linhas Aereas Inteligentes S.A. GOL. AAL has an expected earnings growth rate of more than 100% for the current year.
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The Zacks Consensus Estimate for AAL’s current-year earnings has improved 26.1% over the past 60 days. Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines AAL and Gol Linhas Aereas Inteligentes S.A. GOL. AAL has an expected earnings growth rate of more than 100% for the current year.
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2023-01-25 00:00:00 UTC
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The Zacks Analyst Blog Highlights JetBlue Airways, Norfolk Southern, Old Dominion Freight Line and American Airlines
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AAL
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-jetblue-airways-norfolk-southern-old-dominion-freight
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For Immediate Release
Chicago, IL – January 25, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: JetBlue Airways JBLU, Norfolk Southern Corp. NSC, Old Dominion Freight Line ODFL and American Airlines AAL.
Here are highlights from Tuesday’s Analyst Blog:
4 Transportation Stocks Likely to Surpass Q4 Earnings Estimates
The widely diversified Zacks Transportation sector, housing airlines, railroads, trucking and shipping companies, among others, continues to be aided by improved freight demand and the rebound in demand for air travel after enduring pandemic lows.
These positives contributed to the results of the handful of sector participants who have already reported fourth-quarter 2022 results. The same tailwinds should help entities like JetBlue Airways, Norfolk Southern Corp., Old Dominion Freight Line and American Airlines post better-than-expected earnings per share for the December quarter.
Let's delve deep into the factors that are likely to boost the fourth-quarter results of the sector participants who are yet to announce earnings.
Despite headwinds like supply-chain woes and inflationary pressures, freight demand has been impressive. This has supported growth of sector participants like NSC and ODFL. On a seasonally adjusted basis, Cass Freight shipments Index improved 1.2% month over month in December. The index improved on a seasonally adjusted basis month over month in two (October and December) of the three months of the fourth quarter. Upbeat crude and product tanker rates should aid the results of the shipping companies in the December quarter.
Even though economies are reopening, consumers' urge for online shopping refuses to relent. Apart from consumer habits, the digitalization-related trend is helping e-commerce demand stay strong.
Another major positive is the stronger-than-expected recovery in air-travel demand. People are again resorting to air travel as they resume their normal activities. Strong passenger volumes are likely to drive results of the yet-to-report airline companies. The presence of the Thanksgiving holiday period during the fourth quarter is likely to have boosted passenger volumes.
Our Earnings Preview report suggests that the transportation sector's quarterly earnings (considering S&P 500 participants only) are likely to increase 36.8% from the third-quarter 2022 actuals.
Here's How to Pick the Right Stocks
Against the current backdrop and amid a large number of transportation stocks, it is always a daunting task for investors to pick a winning basket of stocks with the potential to deliver better-than-expected earnings.
While there is no foolproof method of choosing outperformers, our proprietary methodology — the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — helps identify stocks with high chances of delivering a positive surprise in their upcoming earnings announcement. Our research shows that for stocks with this perfect mix of elements, the odds of an earnings beat are as high as 70%.
The Earnings ESP shows the percentage difference between the Most Accurate Estimate and the Zacks Consensus Estimate. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Our Choices
JetBlue Airways has an Earnings ESP of +6.77% and a Zacks Rank #3. JBLU will release results on Jan 26. You can see the complete list of today's Zacks #1 Rank stocks here.
Upbeat air-travel demand is expected to have aided the fourth-quarter performance of this low-cost carrier. JBLU's earnings surpassed the Zacks Consensus in two of the last four quarters (missing the consensus mark in the other two), the average miss being 80.97%.
Norfolk Southern has an Earnings ESP of +1.33% and a Zacks Rank #3. NSC will release results on Jan 25.
We expect the upbeat demand scenario to have aided NSC's fourth-quarter performance. The intermodal and merchandise segments are expected to have been the main growth drivers. NSC's earnings surpassed the Zacks Consensus in each of the last four quarters by an average of 4.06%.
Old Dominion Freight has an Earnings ESP of +1.33% and a Zacks Rank #3. NSC will release results on Feb 1.
We expect ODFL's fourth-quarter performance to have been aided by an increase in less than truckload (LTL) tons per day and a rise in LTL revenue per hundredweight. ODFL's earnings surpassed the Zacks Consensus Estimate in each of the last four quarters by an average of 8.39%.
American Airlines has an Earnings ESP of +9.79% and a Zacks Rank #2. AAL will release results on Jan 26.
We expect upbeat air-travel demand, particularly on the domestic front, to have boosted American Airlines' top-line performance in the to-be-reported quarter. Passenger revenues, which account for the bulk of the top line, are likely to have been high, in turn, boosting the top line. AAL's earnings surpassed the Zacks Consensus in three of the last four quarters (missing the consensus mark in the other one), with the average beat being 8.62%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
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Zacks Investment Research
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report
Norfolk Southern Corporation (NSC) : Free Stock Analysis Report
Old Dominion Freight Line, Inc. (ODFL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include: JetBlue Airways JBLU, Norfolk Southern Corp. NSC, Old Dominion Freight Line ODFL and American Airlines AAL. AAL will release results on Jan 26. AAL's earnings surpassed the Zacks Consensus in three of the last four quarters (missing the consensus mark in the other one), with the average beat being 8.62%.
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Stocks recently featured in the blog include: JetBlue Airways JBLU, Norfolk Southern Corp. NSC, Old Dominion Freight Line ODFL and American Airlines AAL. Click to get this free report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report Norfolk Southern Corporation (NSC) : Free Stock Analysis Report Old Dominion Freight Line, Inc. (ODFL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL will release results on Jan 26.
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Click to get this free report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report Norfolk Southern Corporation (NSC) : Free Stock Analysis Report Old Dominion Freight Line, Inc. (ODFL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include: JetBlue Airways JBLU, Norfolk Southern Corp. NSC, Old Dominion Freight Line ODFL and American Airlines AAL. AAL will release results on Jan 26.
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Stocks recently featured in the blog include: JetBlue Airways JBLU, Norfolk Southern Corp. NSC, Old Dominion Freight Line ODFL and American Airlines AAL. AAL will release results on Jan 26. AAL's earnings surpassed the Zacks Consensus in three of the last four quarters (missing the consensus mark in the other one), with the average beat being 8.62%.
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2955.0
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2023-01-25 00:00:00 UTC
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5 Stocks Likely to Gain on Earnings This Week
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AAL
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https://www.nasdaq.com/articles/5-stocks-likely-to-gain-on-earnings-this-week
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The fourth-quarter 2022 earnings season is gradually gaining momentum. This week is the first big one of this reporting cycle. The season will be important as market participants will closely monitor any sign of earnings, revenues or margin decline.
A large section of economists and financial experts are concerned that the U.S. economy may face at least a mild recession in 2023 with a higher interest rate regime and tighter monetary control adopted by the Fed.
Nevertheless, five large-cap companies are set to beat Q4 2022 earnings results next week. These are Nucor Corp. NUE, American Airlines Group Inc. AAL, International Business Machines Corp. IBM, SAP SE SAP and Rockwell Automation Inc. ROK.
Q4 2022 Earnings Results So Far
As of Jan 20, 55 S&P 500 companies reported their earnings results. Total earnings of these companies are down 10.8% year over year on 7.4% higher revenues with 67.3% beating EPS estimates and 67.3% beating revenue estimates. Our current projection shows that for fourth-quarter 2022, total earnings of the S&P 500 Index as a whole are expected to decline 7.4% year over year on 4% higher revenues.
Our Top Picks
Five large-cap companies are set to beat earnings estimates this week. Each of these stocks carries either a Zacks Rank #2 (Buy) and 3 (Hold) and has a positive Earnings ESP. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Our research shows that for stocks with the combination of a Zacks Rank #3 or better and a positive Earnings ESP, the chance of an earnings beat is as high as 70%. These stocks are anticipated to appreciate after their earnings releases. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
The chart below shows the price performance of five above-mentioned stocks in the last quarter.
Image Source: Zacks Investment Research
Nucor is committed to expanding its production capabilities and growing its business through strategic acquisitions. NUE has already commissioned some of its growth projects. These should drive growth and strengthen Nucor’s position as a low-cost producer.
NUE is also seeing strong momentum in the non-residential construction market and strong demand in the heavy equipment market. NUE remains focused on achieving greater penetration of the automotive market because of the segment’s long-term growth opportunities. Higher steel prices due to tight supply and higher end-market demand should also drive Nucor’s margins.
Zacks Rank #2 Nucor has an Earnings ESP of +3.29%. The Zacks Consensus Estimate for current-year earnings has improved 10.5% over the last 30 days. NUE recorded earnings surprises in the last four reported quarters, with an average beat of 3.9%. The company is set to release earnings results on Jan 26, before the opening bell.
American Airlines Group has benefitted from improved air-travel demand, particularly on the domestic front. Driven by soaring demand on healthy bookings, management expects total revenues in the fourth quarter of 2022 to be roughly 11-13% higher than the level recorded in fourth-quarter 2019.
AAL’s debt-reduction efforts are impressive as well. Management aims to reduce its debt by $15 billion by 2025. AAL’s codeshare agreement with Indian low-cost airline, IndiGo, is an added positive.
Zacks Rank #2 American Airlines Group has an Earnings ESP of +9.79%. It has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 17.7% over the last 30 days.
AAL recorded earnings surprises in the last four reported quarters, with an average beat of 8.6%. The company is set to release earnings results on Jan 26, before the opening bell.
International Business Machines is likely to witness growth driven primarily by analytics, cloud computing, and security in the long haul. Synergies from the Red Hat buyout are boosting the competitive position of IBM in the hybrid cloud market.
International Business Machines is likely to benefit from the robust adoption and broad-based availability of IBM Blockchain World Wire — a blockchain-driven global payments network aimed at accelerating and optimizing cross-border payments. IBM is also poised to gain from the spin-off of the legacy infrastructure services business as it focuses on the hybrid cloud strategy.
Zacks Rank #3 International Business Machines has an Earnings ESP of +1.90%. It has an expected earnings growth rate of 5.3% for the current year. IBM recorded earnings surprises in three out of the last four reported quarters, with an average beat of 1.5%. The company is set to release earnings results on Jan 25, after the closing bell.
SAP’s performance is gaining from continued strength in its cloud business (especially the new Rise with SAP solution) across all regions. Synergies from recent acquisitions bode well. Frequent product launches like SAP Build augur well.
Momentum in SAP’s Business Process Intelligence platform, particularly the S/4HANA solutions along with healthy traction witnessed in SuccessFactors Employee Central, Ariba and Fieldglass, Qualtrics and other cloud-based offerings is noteworthy.
Zacks Rank #2 SAP has an Earnings ESP of +3.09%. It has an expected earnings growth rate of 20.7% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 20.2% over the last 30 days. SAP is set to release earnings results on Jan 26, before the opening bell.
Rockwell Automation reported record order levels of more than $10 billion in fiscal 2022, indicating solid underlying demand from customers across many industries and regions. ROK expects total sales growth of 7.5% to 11.5% for fiscal 2023.
Organic sales growth is projected at 9-13% for the fiscal with the CUBIC acquisition adding 1%. Huge capital investments across many end markets coupled with higher automation and digital transformation will continue to support ROK’s solid order levels.
Zacks Rank #3 ROK has an Earnings ESP of +4.76%. It has an expected earnings growth rate of 12.5% for the current year (ending September 2023). The Zacks Consensus Estimate for current-year earnings has improved 0.1% over the last 30 days. ROK is set to release earnings results on Jan 26, before the opening bell.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
International Business Machines Corporation (IBM) : Free Stock Analysis Report
Nucor Corporation (NUE) : Free Stock Analysis Report
SAP SE (SAP) : Free Stock Analysis Report
Rockwell Automation, Inc. (ROK) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These are Nucor Corp. NUE, American Airlines Group Inc. AAL, International Business Machines Corp. IBM, SAP SE SAP and Rockwell Automation Inc. ROK. AAL’s debt-reduction efforts are impressive as well. AAL’s codeshare agreement with Indian low-cost airline, IndiGo, is an added positive.
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These are Nucor Corp. NUE, American Airlines Group Inc. AAL, International Business Machines Corp. IBM, SAP SE SAP and Rockwell Automation Inc. ROK. Click to get this free report International Business Machines Corporation (IBM) : Free Stock Analysis Report Nucor Corporation (NUE) : Free Stock Analysis Report SAP SE (SAP) : Free Stock Analysis Report Rockwell Automation, Inc. (ROK) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL’s debt-reduction efforts are impressive as well.
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Click to get this free report International Business Machines Corporation (IBM) : Free Stock Analysis Report Nucor Corporation (NUE) : Free Stock Analysis Report SAP SE (SAP) : Free Stock Analysis Report Rockwell Automation, Inc. (ROK) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. These are Nucor Corp. NUE, American Airlines Group Inc. AAL, International Business Machines Corp. IBM, SAP SE SAP and Rockwell Automation Inc. ROK. AAL’s debt-reduction efforts are impressive as well.
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These are Nucor Corp. NUE, American Airlines Group Inc. AAL, International Business Machines Corp. IBM, SAP SE SAP and Rockwell Automation Inc. ROK. AAL’s debt-reduction efforts are impressive as well. AAL’s codeshare agreement with Indian low-cost airline, IndiGo, is an added positive.
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2023-01-25 00:00:00 UTC
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Is a Surprise Coming for American Airlines (AAL) This Earnings Season?
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AAL
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https://www.nasdaq.com/articles/is-a-surprise-coming-for-american-airlines-aal-this-earnings-season-0
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Investors are always looking for stocks that are poised to beat at earnings season and American Airlines Group Inc. AAL may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because American Airlines is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for AAL in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at 92 cents per share for AAL, compared to a broader Zacks Consensus Estimate of 84 cents per share. This suggests that analysts have very recently bumped up their estimates for AAL, giving the stock a Zacks Earnings ESP of +9.79% heading into earnings season.
American Airlines Group Inc. Price and EPS Surprise
American Airlines Group Inc. price-eps-surprise | American Airlines Group Inc. Quote
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Given that AAL has a Zacks Rank #2 (Buy) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Clearly, recent earnings estimate revisions suggest that good things are ahead for American Airlines, and that a beat might be in the cards for the upcoming report.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for AAL in this report. Investors are always looking for stocks that are poised to beat at earnings season and American Airlines Group Inc. AAL may be one such company. In fact, the Most Accurate Estimate for the current quarter is currently at 92 cents per share for AAL, compared to a broader Zacks Consensus Estimate of 84 cents per share.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Investors are always looking for stocks that are poised to beat at earnings season and American Airlines Group Inc. AAL may be one such company. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for AAL in this report.
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This suggests that analysts have very recently bumped up their estimates for AAL, giving the stock a Zacks Earnings ESP of +9.79% heading into earnings season. Given that AAL has a Zacks Rank #2 (Buy) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Investors are always looking for stocks that are poised to beat at earnings season and American Airlines Group Inc. AAL may be one such company.
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Investors are always looking for stocks that are poised to beat at earnings season and American Airlines Group Inc. AAL may be one such company. Given that AAL has a Zacks Rank #2 (Buy) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for AAL in this report.
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2957.0
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2023-01-25 00:00:00 UTC
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Airline Stocks' Jan 26 Q4 Earnings Roster: AAL, ALK & More
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AAL
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https://www.nasdaq.com/articles/airline-stocks-jan-26-q4-earnings-roster%3A-aal-alk-more
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Stocks in the Zacks Airline industry are being well served by a buoyant scenario backed by air-travel demand. Air travel demand made a stronger-than-expected recovery as people started booking flights again, thereby boosting passenger revenues, which account for the bulk of most airlines’ top lines. Only a handful of airline companies (two S&P 500 members, to be exact) have reported their fourth-quarter 2022 numbers so far.
However, high fuel costs are likely to have hurt the fourth-quarter performance of airline companies. Fuel expenses represent a key input cost for any airline player. High oil price is augmenting fuel costs. Even though oil price declined from their multi-year highs, they remain high. Oil price was up 6.7% in the October-December period.
Given this backdrop, investors interested in the Zacks Airline industry keenly await the results of American Airlines AAL, Alaska Air Group, Inc. ALK, Southwest Airlines Co. LUV and JetBlue Airways Corporation JBLU, scheduled to be released on Jan 26.
Our quantitative model predicts an earnings beat for a company if it has a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). This combination increases the chances of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Let’s delve deeper.
American Airlines’ top-line performance in the fourth quarter is expected to have benefited from upbeat air-travel demand, particularly on the domestic front. Driven by the uptick, AAL expects fourth-quarter 2022 adjusted operating margin to increase 10.25-10.5% (prior view: 5.5-7.5%). Total revenues are expected to register 16-17% growth (prior view: 11-13% growth rate).
Passenger revenues, which account for the bulk of the top line, are likely to have been high, in turn, boosting the top line. The Zacks Consensus Estimate for load factor is pegged at 84% for fourth-quarter 2022, higher than 80% reported in fourth-quarter 2019.
However, high operating costs are anticipated to have affected the bottom-line performance in the to-be-reported quarter. AAL expects adjusted earnings per share in the range of $1.12-$1.17.
Our proven model predicts an earnings beat for American Airlines this earnings season as AAL has an Earnings ESP of +9.79% and a Zacks Rank #2 at present. At the time, the fourth-quarter earnings preview article was issued, AAL had an Earnings ESP of +16.71% and a Zacks Rank #2.
American Airlines Group Inc. Price and EPS Surprise
American Airlines Group Inc. price-eps-surprise | American Airlines Group Inc. Quote
Alaska Air’s fourth-quarter 2022 revenues are likely to have been aided by continued recovery in air-travel demand and an improvement in passenger revenues. On the back of upbeat air-travel demand and favorable pricing, ALK has updated its fourth-quarter 2022 guidance. The company now expects fourth-quarter 2022 total revenues to increase 13-14% from the fourth quarter of 2019 actuals (the previous guidance had hinted at a 12-15% increase). Load factor (% of seats filled by passengers) is now expected in the 84-86% band (earlier guidance was in the 83-86% range).
Meanwhile, with oil prices coming down in the latter half of the December quarter, fuel price per gallon is now expected in the range of $3.50-$3.60 (earlier guidance was in the $3.50-$3.70 band) for fourth-quarter 2022. Although the higher end of the fuel cost guidance has been lowered, escalating operating expenses, primarily due to fuel prices, are likely to have dampened Alaska Air’s bottom line. The Zacks Consensus Estimate for ALK’s fourth-quarter 2022 earnings has been revised downward by 12% in the past 90 days. The Zacks Consensus Estimate for economic fuel cost per gallon is pegged at $3.62 for the fourth quarter, indicating 60.1% growth year over year.
Our proven model does not conclusively predict an earnings beat for Alaska Air this season as ALK has an Earnings ESP of -7.82% and a Zacks Rank #3 at present.
Alaska Air Group, Inc. Price and EPS Surprise
Alaska Air Group, Inc. price-eps-surprise | Alaska Air Group, Inc. Quote
Southwest Airlines’s fourth-quarter 2022 performance is likely to have been affected by massive flight cancellations due to unfavorable weather conditions during the Christmas holiday weekend. Following the massive cancellations, LUV expects available seat miles (a measure of capacity) to decline approximately 6% in fourth-quarter 2022 from the fourth-quarter 2019 actuals. The previous guidance hinted at a 2% decline in available seat miles for fourth-quarter 2022. Revenues are likely to have been adversely impacted by $400-$425 million. Management expects a pre-tax hit of $725-$825 million to fourth-quarter earnings.
However, LUV’s focus on boosting cargo revenues is likely to have aided its performance in the to-be-reported quarter. The Zacks Consensus Estimate for fourth-quarter 2022 cargo revenues hints at an 11.6% sequential increase.
Our proven model does not conclusively predict an earnings beat for Southwest Airlines this time around as LUV has an Earnings ESP of 0.00% and a Zacks Rank #3 at present. At the time, the fourth-quarter earnings preview article was issued, LUV had an Earnings ESP of -101.96% and a Zacks Rank #3.
Southwest Airlines Co. Price and EPS Surprise
Southwest Airlines Co. price-eps-surprise | Southwest Airlines Co. Quote
JetBlue Airways’s fourth-quarter 2022 performance is likely to have been unfavorably impacted by Hurricane Nicole-induced disruptions in air-travel demand. The Zacks Consensus Estimate for fourth-quarter 2022 earnings has been revised downward over the past 60 days. Apart from the hurricane, the holiday calendar timing in 2022 had a greater-than-expected negative impact. As a result, JBLU now anticipates revenue per available seat mile for the fourth quarter of 2022 to be at the low-end of its earlier guided range of 15-19% increase from fourth-quarter 2019 actuals. High fuel costs are also likely to have hurt JBLU'S bottom-line performance in Q4. On the brighter side, JetBlue’s efforts to reduce its debt load is encouraging. We are also impressed by the company's efforts to modernize its fleet.
Our proven model predicts an earnings beat for JetBlue this earnings season as JBLU has an Earnings ESP of +6.77% and a Zacks Rank #3 at present.
JetBlue Airways Corporation Price and EPS Surprise
JetBlue Airways Corporation price-eps-surprise | JetBlue Airways Corporation Quote
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Southwest Airlines Co. (LUV) : Free Stock Analysis Report
JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Given this backdrop, investors interested in the Zacks Airline industry keenly await the results of American Airlines AAL, Alaska Air Group, Inc. ALK, Southwest Airlines Co. LUV and JetBlue Airways Corporation JBLU, scheduled to be released on Jan 26. Driven by the uptick, AAL expects fourth-quarter 2022 adjusted operating margin to increase 10.25-10.5% (prior view: 5.5-7.5%). AAL expects adjusted earnings per share in the range of $1.12-$1.17.
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Click to get this free report Southwest Airlines Co. (LUV) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. Given this backdrop, investors interested in the Zacks Airline industry keenly await the results of American Airlines AAL, Alaska Air Group, Inc. ALK, Southwest Airlines Co. LUV and JetBlue Airways Corporation JBLU, scheduled to be released on Jan 26. Driven by the uptick, AAL expects fourth-quarter 2022 adjusted operating margin to increase 10.25-10.5% (prior view: 5.5-7.5%).
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Our proven model predicts an earnings beat for American Airlines this earnings season as AAL has an Earnings ESP of +9.79% and a Zacks Rank #2 at present. Click to get this free report Southwest Airlines Co. (LUV) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. Given this backdrop, investors interested in the Zacks Airline industry keenly await the results of American Airlines AAL, Alaska Air Group, Inc. ALK, Southwest Airlines Co. LUV and JetBlue Airways Corporation JBLU, scheduled to be released on Jan 26.
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Given this backdrop, investors interested in the Zacks Airline industry keenly await the results of American Airlines AAL, Alaska Air Group, Inc. ALK, Southwest Airlines Co. LUV and JetBlue Airways Corporation JBLU, scheduled to be released on Jan 26. Driven by the uptick, AAL expects fourth-quarter 2022 adjusted operating margin to increase 10.25-10.5% (prior view: 5.5-7.5%). AAL expects adjusted earnings per share in the range of $1.12-$1.17.
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2023-01-24 00:00:00 UTC
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What's in the Cards for United Parcel's (UPS) Q4 Earnings?
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AAL
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https://www.nasdaq.com/articles/whats-in-the-cards-for-united-parcels-ups-q4-earnings
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nan
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nan
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United Parcel Service, Inc. UPS is scheduled to report fourth-quarter 2022 results on Jan 31, before market open.
The company has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in each of the preceding four quarters, the average beat being 7.94%.
Let’s see how things are shaping up for United Parcel this earnings season.
Q4 Expectations
The Zacks Consensus Estimate for United Parcel’s fourth-quarter 2022 revenues and our estimate for the same are both pegged at $28.09 billion, indicating 1.15% year-over-year growth.
The Zacks Consensus Estimate for fourth-quarter U.S. Domestic Package revenues is pegged at $18,442 million, indicating 4.2% growth from the year-ago reported figure. An increase in revenue per piece due to robust improvement in all products is likely to have boosted segmental revenues.
The Zacks Consensus Estimate for fourth-quarter International Package revenues is pegged at $5,432 million, indicating 0.6% growth from the year-ago reported figure. An increase in revenue per piece is expected to have aided segmental revenues.
The Zacks Consensus Estimate for fourth-quarter Supply Chain and Freight revenues is pegged at $4,257 million, indicating an 8.9% decline from the year-ago reported figure. Softness in the air and ocean freight forwarding operations is likely to have weighed on the segmental revenues.
On the flip side, high fuel costs are likely to have dented UPS’s bottom-line performance in the to-be-reported quarter. Supply-chain challenges are likely to have hurt operations. Notably, the Zacks Consensus Estimate for UPS’s fourth-quarter 2022 earnings has been revised downward by 1.6% in the past 90 days.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for United Parcel this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
United Parcel has an Earnings ESP of -1.21% and a Zacks Rank #3.
Highlights of Q3
United Parcel's third-quarter 2022 earnings of $2.99 per share beat the Zacks Consensus Estimate of $2.84. The earnings beat was primarily due to higher delivery prices. Favorable pricing more than offset the downside caused by declining shipping volumes. The bottom line increased 10.33% year over year.
Quarterly revenues of $24,161 million, however, fell short of the Zacks Consensus Estimate of $24,319.8 million. The top line increased 4.2% year over year, driven by the uptick in revenue per piece shipped.
Stocks to Consider
Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their fourth-quarter 2022 earnings:
American Airlines AAL has an Earnings ESP of +9.79% and a Zacks Rank #2. AAL will release results on Jan 26. You can see the complete list of today’s Zacks #1 Rank stocks here.
American Airlines has an expected earnings growth rate of more than 100% for fourth-quarter 2022. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
The Zacks Consensus Estimate for AAL’s fourth-quarter 2022 earnings has been revised upward by more than 100% in the past 90 days.
JetBlue Airways JBLU has an Earnings ESP of +6.77% and a Zacks Rank #3. JBLU will release results on Jan 26.
JetBlue has an expected earnings growth rate of more than 100% for fourth-quarter 2022.
The Zacks Consensus Estimate for JBLU’s fourth-quarter 2022 earnings has been revised upward by 58.3% in the past 90 days.
Norfolk Southern Corporation NSC has an Earnings ESP of +1.33% and a Zacks Rank #3. NSC will release results on Jan 25.
NSC has an expected earnings growth rate of 9.29% for fourth-quarter 2022. NSC delivered a trailing four-quarter earnings surprise of 4.06%, on average.
NSC has a long-term expected growth rate of 8.96%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report
Norfolk Southern Corporation (NSC) : Free Stock Analysis Report
United Parcel Service, Inc. (UPS) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks to Consider Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their fourth-quarter 2022 earnings: American Airlines AAL has an Earnings ESP of +9.79% and a Zacks Rank #2. AAL will release results on Jan 26. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
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Click to get this free report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report Norfolk Southern Corporation (NSC) : Free Stock Analysis Report United Parcel Service, Inc. (UPS) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their fourth-quarter 2022 earnings: American Airlines AAL has an Earnings ESP of +9.79% and a Zacks Rank #2. AAL will release results on Jan 26.
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Stocks to Consider Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their fourth-quarter 2022 earnings: American Airlines AAL has an Earnings ESP of +9.79% and a Zacks Rank #2. Click to get this free report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report Norfolk Southern Corporation (NSC) : Free Stock Analysis Report United Parcel Service, Inc. (UPS) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL will release results on Jan 26.
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Stocks to Consider Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their fourth-quarter 2022 earnings: American Airlines AAL has an Earnings ESP of +9.79% and a Zacks Rank #2. AAL will release results on Jan 26. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
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2023-01-24 00:00:00 UTC
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Badger Meter (BMI) to Post Q4 Earnings: Key Factors to Note
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AAL
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https://www.nasdaq.com/articles/badger-meter-bmi-to-post-q4-earnings%3A-key-factors-to-note
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Badger Meter BMI is slated to report fourth-quarter results on Jan 27.
The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $144.58 million, which suggests growth of 6.5% from the year-ago quarter’s reported figure. The consensus mark for earnings is pegged at 60 cents per share, indicating a year-over-year increase of 1.7%.
The company’s earnings beat the Zacks Consensus Estimate in three of the last four quarters. It has a trailing four-quarter earnings surprise of 9.9%, on average.
Badger Meter, Inc. Price and EPS Surprise
Badger Meter, Inc. price-eps-surprise | Badger Meter, Inc. Quote
Factors to Note
The company’s performance in the fourth quarter is likely to have benefited from increasing demand for digital smart water solutions owing to changing secular challenges in the water industry. In the last-reported quarter, utility water sales rose 17%, owing to strong demand momentum.
The company is likely to benefit from the continued robust adoption of E-Series, ultrasonic meters, ORION Cellular endpoint and BEACON Software-as-a-Service. Apart from that, growing SaaS revenue is a major tailwind.
The company is likely to capitalize on the robust customer demand and strong order trends across the majority of end-market applications globally. Also, increasing customer backlog and customer acceptance of its new products bode well.
The company is likely to benefit by expanding its footprint in the Middle East and the U.K., which are heavily investing in smart water applications. Also, effective spending controls are likely to help the company to improve selling, engineering and administration expenses leverage.
However, the company’s performance in the fourth quarter might impact due to 5% fewer shipping days and rising global macroeconomic constraints. Increasing competition in the digital smart water solutions space and rising research and development costs are concerns.
What Our Model Says
Our proven model does not predict an earnings beat for BMI this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
BMI has an Earnings ESP of 0.00% and a Zacks Rank #2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With Favorable Combination
Here are some stocks you may consider, as our proven model shows that these have the right mix of elements to beat estimates this time around.
American Airlines Group AAL has an Earnings ESP of +9.79% and currently has a Zacks Rank #2. AAL is scheduled to report earnings on Jan 26. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 84 cents per share and $12.96 billion, respectively. Shares of AAL have lost 1.7% in the past year.
Xcel Energy XEL has an Earnings ESP of +2.99% and currently has a Zacks Rank #2. XEL is scheduled to report earnings on Jan 26.
The Zacks Consensus Estimate for XEL’s to-be-reported quarter’s earnings and revenues is pegged at 67 cents per share and $3.52 billion, respectively. Shares of XEL have gained 0.2% in the past year.
Axos Financial AX has an Earnings ESP of +0.16% and currently has a Zacks Rank #2. AX is scheduled to report earnings on Jan 26.
The Zacks Consensus Estimate for AX’s to-be-reported quarter’s earnings and revenues is pegged at $1.24 per share and $216.37 million, respectively. Shares of AX have lost 22.7% in the past year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Xcel Energy Inc. (XEL) : Free Stock Analysis Report
Badger Meter, Inc. (BMI) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
AXOS FINANCIAL, INC (AX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group AAL has an Earnings ESP of +9.79% and currently has a Zacks Rank #2. AAL is scheduled to report earnings on Jan 26. The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 84 cents per share and $12.96 billion, respectively.
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The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 84 cents per share and $12.96 billion, respectively. Click to get this free report Xcel Energy Inc. (XEL) : Free Stock Analysis Report Badger Meter, Inc. (BMI) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report AXOS FINANCIAL, INC (AX) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group AAL has an Earnings ESP of +9.79% and currently has a Zacks Rank #2.
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The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 84 cents per share and $12.96 billion, respectively. Click to get this free report Xcel Energy Inc. (XEL) : Free Stock Analysis Report Badger Meter, Inc. (BMI) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report AXOS FINANCIAL, INC (AX) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group AAL has an Earnings ESP of +9.79% and currently has a Zacks Rank #2.
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American Airlines Group AAL has an Earnings ESP of +9.79% and currently has a Zacks Rank #2. AAL is scheduled to report earnings on Jan 26. The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 84 cents per share and $12.96 billion, respectively.
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2960.0
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2023-01-24 00:00:00 UTC
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4 Transportation Stocks Likely to Surpass Q4 Earnings Estimates
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AAL
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https://www.nasdaq.com/articles/4-transportation-stocks-likely-to-surpass-q4-earnings-estimates
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nan
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The widely diversified Zacks Transportation sector, housing airlines, railroads, trucking and shipping companies, among others, continues to be aided by improved freight demand and the rebound in demand for air travel after enduring pandemic lows.
These positives contributed to the results of the handful of sector participants who have already reported fourth-quarter 2022 results. The same tailwinds should help entities like JetBlue Airways JBLU, Norfolk Southern Corporation NSC, Old Dominion Freight Line ODFL and American Airlines AAL post better-than-expected earnings per share for the December quarter.
Let’s delve deep into the factors that are likely to boost the fourth-quarter results of the sector participants who are yet to announce earnings.
Despite headwinds like supply-chain woes and inflationary pressures, freight demand has been impressive. This has supported growth of sector participants like NSC and ODFL. On a seasonally adjusted basis, Cass Freight shipments Index improved 1.2% month over month in December. The index improved on a seasonally adjusted basis month over month in two (October and December) of the three months of the fourth quarter. Upbeat crude and product tanker rates should aid the results of the shipping companies in the December quarter.
Even though economies are reopening, consumers’ urge for online shopping refuses to relent. Apart from consumer habits, the digitalization-related trend is helping e-commerce demand stay strong.
Another major positive is the stronger-than-expected recovery in air-travel demand. People are again resorting to air travel as they resume their normal activities. Strong passenger volumes are likely to drive results of the yet-to-report airline companies. The presence of the Thanksgiving holiday period during the fourth quarter is likely to have boosted passenger volumes.
Our Earnings Preview report suggests that the transportation sector’s quarterly earnings (considering S&P 500 participants only) are likely to increase 36.8% from the third-quarter 2022 actuals.
Here’s How to Pick the Right Stocks
Against the current backdrop and amid a large number of transportation stocks, it is always a daunting task for investors to pick a winning basket of stocks with the potential to deliver better-than-expected earnings.
While there is no foolproof method of choosing outperformers, our proprietary methodology — the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — helps identify stocks with high chances of delivering a positive surprise in their upcoming earnings announcement. Our research shows that for stocks with this perfect mix of elements, the odds of an earnings beat are as high as 70%.
The Earnings ESP shows the percentage difference between the Most Accurate Estimate and the Zacks Consensus Estimate. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Our Choices
JetBlue Airways has an Earnings ESP of +6.77% and a Zacks Rank #3. JBLU will release results on Jan 26. You can see the complete list of today’s Zacks #1 Rank stocks here.
Upbeat air-travel demand is expected to have aided the fourth-quarter performance of this low-cost carrier. JBLU’s earnings surpassed the Zacks Consensus in two of the last four quarters (missing the consensus mark in the other two), the average miss being 80.97%.
JetBlue Airways Corporation Price and EPS Surprise
JetBlue Airways Corporation price-eps-surprise | JetBlue Airways Corporation Quote
Norfolk Southern has an Earnings ESP of +1.33% and a Zacks Rank #3. NSC will release results on Jan 25.
We expect the upbeat demand scenario to have aided NSC’s fourth-quarter performance. The intermodal and merchandise segments are expected to have been the main growth drivers. NSC’s earnings surpassed the Zacks Consensus in each of the last four quarters by an average of 4.06%.
Norfolk Southern Corporation Price and EPS Surprise
Norfolk Southern Corporation price-eps-surprise | Norfolk Southern Corporation Quote
Old Dominion Freight has an Earnings ESP of +1.33% and a Zacks Rank #3. NSC will release results on Feb 1.
We expect ODFL’s fourth-quarter performance to have been aided by an increase in less than truckload (LTL) tons per day and a rise in LTL revenue per hundredweight. ODFL’s earnings surpassed the Zacks Consensus Estimate in each of the last four quarters by an average of 8.39%.
Old Dominion Freight Line, Inc. Price and EPS Surprise
Old Dominion Freight Line, Inc. price-eps-surprise | Old Dominion Freight Line, Inc. Quote
American Airlines has an Earnings ESP of +9.79% and a Zacks Rank #2. AAL will release results on Jan 26.
We expect upbeat air-travel demand, particularly on the domestic front, to have boosted American Airlines’ top-line performance in the to-be-reported quarter. Passenger revenues, which account for the bulk of the top line, are likely to have been high, in turn, boosting the top line. AAL’s earnings surpassed the Zacks Consensus in three of the last four quarters (missing the consensus mark in the other one), with the average beat being 8.62%.
American Airlines Group Inc. Price and EPS Surprise
American Airlines Group Inc. price-eps-surprise | American Airlines Group Inc. Quote
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report
Norfolk Southern Corporation (NSC) : Free Stock Analysis Report
Old Dominion Freight Line, Inc. (ODFL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The same tailwinds should help entities like JetBlue Airways JBLU, Norfolk Southern Corporation NSC, Old Dominion Freight Line ODFL and American Airlines AAL post better-than-expected earnings per share for the December quarter. AAL will release results on Jan 26. AAL’s earnings surpassed the Zacks Consensus in three of the last four quarters (missing the consensus mark in the other one), with the average beat being 8.62%.
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Click to get this free report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report Norfolk Southern Corporation (NSC) : Free Stock Analysis Report Old Dominion Freight Line, Inc. (ODFL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. The same tailwinds should help entities like JetBlue Airways JBLU, Norfolk Southern Corporation NSC, Old Dominion Freight Line ODFL and American Airlines AAL post better-than-expected earnings per share for the December quarter. AAL will release results on Jan 26.
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Click to get this free report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report Norfolk Southern Corporation (NSC) : Free Stock Analysis Report Old Dominion Freight Line, Inc. (ODFL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. The same tailwinds should help entities like JetBlue Airways JBLU, Norfolk Southern Corporation NSC, Old Dominion Freight Line ODFL and American Airlines AAL post better-than-expected earnings per share for the December quarter. AAL will release results on Jan 26.
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The same tailwinds should help entities like JetBlue Airways JBLU, Norfolk Southern Corporation NSC, Old Dominion Freight Line ODFL and American Airlines AAL post better-than-expected earnings per share for the December quarter. AAL will release results on Jan 26. AAL’s earnings surpassed the Zacks Consensus in three of the last four quarters (missing the consensus mark in the other one), with the average beat being 8.62%.
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2961.0
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2023-01-23 00:00:00 UTC
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J.B. Hunt (JBHT) Rewards Investors With 5% Dividend Hike
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AAL
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https://www.nasdaq.com/articles/j.b.-hunt-jbht-rewards-investors-with-5-dividend-hike
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nan
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In a shareholder-friendly move, J.B. Hunt Transport Services, Inc. JBHT has announced a hike in its dividend payout. JBHT’s board of directors has approved a dividend hike of 5%, thereby raising its quarterly cash dividend from 40 cents per share to 42 cents. The raised dividend will be paid out on Feb 24, 2023, to all its shareholders of record as of Feb 10, 2023. The move reflects JBHT’s intention to utilize free cash to enhance its shareholders’ returns.
J.B. Hunt Transport Services, Inc. Dividend Yield (TTM)
J.B. Hunt Transport Services, Inc. dividend-yield-ttm | J.B. Hunt Transport Services, Inc. Quote
J.B. Hunt has been consistently making efforts to reward its shareholders through dividends and share buybacks which are encouraging. Last year too (in January 2022), J.B. Hunt hiked its dividend by 33% to 40 cents per share (annually: $1.60).
In 2021, JBHT rewarded its shareholders through a combination of cash dividends ($124.44 million) and share repurchases ($28.47 million). Continuing the shareholder-friendly approach, the company returned approximately $886 million to shareholders through a combination of dividends ($114.23 million) and share buybacks ($26.84 million) during 2020.
Dividend-paying stocks provide a solid income stream and have fewer chances of experiencing wild price swings. Dividend stocks, like JBHT, are safe bets for creating wealth, as the payouts generally act as a hedge against economic uncertainty like the current scenario.
JBHT’s management’s decision to increase its quarterly dividend payout reflects the company’s commitment toward boosting shareholder value apart from underlining confidence in its business. We believe such shareholder-friendly initiatives boost investor confidence and positively impact the company’s bottom line.
Zacks Rank and Stocks to Consider
Currently, J.B. Hunt carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A. GOL. Teekay Tankers presently sports a Zacks Rank #1 (Strong Buy), while American Airlines and Gol Linhas currently carry a Zacks Rank #2 (Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.
AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
The Zacks Consensus Estimate for AAL’s current-year earnings has improved 19.3% over the past 90 days. Shares of AAL have gained 18.8% over the past six months.
Teekay Tankers has an expected earnings growth rate of 143.11% for the current year. TNK delivered a trailing four-quarter earnings surprise of 42.23%, on average. Teekay Tankers has a long-term expected growth rate of 3%.
The Zacks Consensus Estimate for TNK’s current-year earnings has improved more than 100% over the past 90 days. Shares of TNK have soared 44.8% over the past six months.
Gol Linhas has an expected earnings growth rate of 50.9% for the current year.
Shares of GOL have declined 2.3% over the past six months.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
J.B. Hunt Transport Services, Inc. (JBHT) : Free Stock Analysis Report
Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A. GOL. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
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Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A. GOL. Click to get this free report J.B. Hunt Transport Services, Inc. (JBHT) : Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL has an expected earnings growth rate of more than 100% for the current year.
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Click to get this free report J.B. Hunt Transport Services, Inc. (JBHT) : Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A. GOL. AAL has an expected earnings growth rate of more than 100% for the current year.
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The Zacks Consensus Estimate for AAL’s current-year earnings has improved 19.3% over the past 90 days. Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A. GOL. AAL has an expected earnings growth rate of more than 100% for the current year.
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2023-01-23 00:00:00 UTC
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Top Stocks To Buy Today? 3 Airline Stocks In Focus
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https://www.nasdaq.com/articles/top-stocks-to-buy-today-3-airline-stocks-in-focus
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To start things off, airline stocks are stocks of companies that operate in the airline industry. These companies are responsible for providing air transportation services to passengers and cargo. The airline industry is considered a cyclical industry, meaning the stocks of companies in this industry tend to be closely tied to the performance of the overall economy.
When the economy is strong, more people tend to travel, and the demand for air travel increases. This leads to higher revenues for airline companies and their stock prices will typically rise. However, when the economy is in a downturn, people tend to travel less, and the demand for air travel decreases. This leads to lower revenues for airline companies and their stock prices will typically fall.
It’s important for investors to be aware of these economic cycles when considering airline stocks. During times of economic growth, it can be a good idea to invest in airline stocks as they have the potential for strong returns. However, during economic downturns, it may be wise to avoid or reduce investments in these types of stocks. Additionally, investors should also be aware of the industry’s volatility, especially due to the impacts of pandemics, fuel prices, and other global events that can heavily impact the performance of the industry. Keeping this in mind, let’s dive into three airline stocks to watch in the stock market today.
Airline Stocks To Buy [Or Avoid] Today
American Airlines (NASDAQ: AAL)
United Airlines Holdings Inc. (NASDAQ: UAL)
JetBlue Airways Corporation (NASDAQ: JBLU)
American Airlines (AAL Stock)
First, American Airlines Group Inc. (AAL) is one of the largest airlines in the world. It operates a comprehensive global route network, with flights to destinations throughout North America, South America, Europe, Asia, and the Caribbean.
Earlier this month, American Airlines reported that it will announce its fourth-quarter and full-year 2022 financial results. In detail, On January 26th, American Airlines Group will hold a conference call to discuss their financial results for the fourth quarter and full year of 2022. The call will be webcast live, and it will be open to financial analysts and journalists. The call will start at 7:30 am CT.
Since the start of the year, shares of AAL stock are up 28.65% YTD. Meanwhile, on Monday afternoon, AAL stock is trading slightly higher on the day by 0.31% at $16.39 a share.
Source: TD Ameritrade TOS
[Read More] 3 Dow 30 Stocks To Watch In January 2023
United Airlines Holdings (UAL Stock)
Second, United Airlines Holdings (UAL) is one of the largest airlines in the world. It operates a comprehensive route network, with flights to destinations throughout North America, South America, Europe, Asia, and the Caribbean.
Last week, United Airlines Holdings (UAL) announced financial results for the last quarter of 2022, with earnings per share of $2.46 and revenue of $12.4 billion. These figures are higher than what experts had predicted with estimates of $2.07 per share and $12.3 billion in revenue. Additionally, the company’s revenue had grown by 51.4% compared to the same period the previous year.
Year-to-date, shares of United Airlines stocks have jumped by 32.64% so far this year. While, on Monday afternoon, UAL stock is trading modestly lower on the day by 0.21% at $49.36 per share.
Source: TD Ameritrade TOS
[Read More] 3 Semiconductor Stocks For Your January 2023 Watchlist
JetBlue Airways (JBLU Stock)
Finally, JetBlue Airways Corporation (JBLU) is a low-cost American airline that operates flights to destinations throughout the United States, as well as parts of the Caribbean, Mexico, and South America.
Last week, JetBlue announced that they have appointed Gregg Brown as their new Vice President of Technical Operations. He will join JetBlue next month and will be responsible for managing the company’s maintenance, materials, engineering, quality, and other operational functions. Brown has over 30 years of experience in the industry, and he comes from Spirit Airlines where he served as the Vice President of Technical Operations and led the airline’s maintenance and supply chain functions.
Since the beginning of 2023, shares of JBLU stock have increased by 33.38%. Meanwhile, during Monday afternoon JBLU stock is up 1.04% on the day at $8.67 a share.
Source: TD Ameritrade TOS
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Airline Stocks To Buy [Or Avoid] Today American Airlines (NASDAQ: AAL) United Airlines Holdings Inc. (NASDAQ: UAL) JetBlue Airways Corporation (NASDAQ: JBLU) American Airlines (AAL Stock) First, American Airlines Group Inc. (AAL) is one of the largest airlines in the world. Since the start of the year, shares of AAL stock are up 28.65% YTD. Meanwhile, on Monday afternoon, AAL stock is trading slightly higher on the day by 0.31% at $16.39 a share.
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Airline Stocks To Buy [Or Avoid] Today American Airlines (NASDAQ: AAL) United Airlines Holdings Inc. (NASDAQ: UAL) JetBlue Airways Corporation (NASDAQ: JBLU) American Airlines (AAL Stock) First, American Airlines Group Inc. (AAL) is one of the largest airlines in the world. Since the start of the year, shares of AAL stock are up 28.65% YTD. Meanwhile, on Monday afternoon, AAL stock is trading slightly higher on the day by 0.31% at $16.39 a share.
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Airline Stocks To Buy [Or Avoid] Today American Airlines (NASDAQ: AAL) United Airlines Holdings Inc. (NASDAQ: UAL) JetBlue Airways Corporation (NASDAQ: JBLU) American Airlines (AAL Stock) First, American Airlines Group Inc. (AAL) is one of the largest airlines in the world. Since the start of the year, shares of AAL stock are up 28.65% YTD. Meanwhile, on Monday afternoon, AAL stock is trading slightly higher on the day by 0.31% at $16.39 a share.
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Airline Stocks To Buy [Or Avoid] Today American Airlines (NASDAQ: AAL) United Airlines Holdings Inc. (NASDAQ: UAL) JetBlue Airways Corporation (NASDAQ: JBLU) American Airlines (AAL Stock) First, American Airlines Group Inc. (AAL) is one of the largest airlines in the world. Since the start of the year, shares of AAL stock are up 28.65% YTD. Meanwhile, on Monday afternoon, AAL stock is trading slightly higher on the day by 0.31% at $16.39 a share.
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2963.0
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2023-01-23 00:00:00 UTC
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Noteworthy Monday Option Activity: RMBS, CHRW, AAL
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https://www.nasdaq.com/articles/noteworthy-monday-option-activity%3A-rmbs-chrw-aal
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Rambus Inc. (Symbol: RMBS), where a total volume of 3,443 contracts has been traded thus far today, a contract volume which is representative of approximately 344,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 49.2% of RMBS's average daily trading volume over the past month, of 699,680 shares. Particularly high volume was seen for the $42 strike call option expiring February 17, 2023, with 2,373 contracts trading so far today, representing approximately 237,300 underlying shares of RMBS. Below is a chart showing RMBS's trailing twelve month trading history, with the $42 strike highlighted in orange:
C.H. Robinson Worldwide, Inc. (Symbol: CHRW) saw options trading volume of 6,496 contracts, representing approximately 649,600 underlying shares or approximately 49.1% of CHRW's average daily trading volume over the past month, of 1.3 million shares. Especially high volume was seen for the $90 strike put option expiring February 17, 2023, with 4,115 contracts trading so far today, representing approximately 411,500 underlying shares of CHRW. Below is a chart showing CHRW's trailing twelve month trading history, with the $90 strike highlighted in orange:
And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 155,327 contracts thus far today. That number of contracts represents approximately 15.5 million underlying shares, working out to a sizeable 49.1% of AAL's average daily trading volume over the past month, of 31.6 million shares. Particularly high volume was seen for the $10 strike put option expiring June 16, 2023, with 42,348 contracts trading so far today, representing approximately 4.2 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $10 strike highlighted in orange:
For the various different available expirations for RMBS options, CHRW options, or AAL options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
S&P 500 Components Hedge Funds Are Buying
ETFs Holding CLB
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $10 strike put option expiring June 16, 2023, with 42,348 contracts trading so far today, representing approximately 4.2 million underlying shares of AAL. Below is a chart showing CHRW's trailing twelve month trading history, with the $90 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 155,327 contracts thus far today. That number of contracts represents approximately 15.5 million underlying shares, working out to a sizeable 49.1% of AAL's average daily trading volume over the past month, of 31.6 million shares.
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Below is a chart showing CHRW's trailing twelve month trading history, with the $90 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 155,327 contracts thus far today. That number of contracts represents approximately 15.5 million underlying shares, working out to a sizeable 49.1% of AAL's average daily trading volume over the past month, of 31.6 million shares. Particularly high volume was seen for the $10 strike put option expiring June 16, 2023, with 42,348 contracts trading so far today, representing approximately 4.2 million underlying shares of AAL.
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Particularly high volume was seen for the $10 strike put option expiring June 16, 2023, with 42,348 contracts trading so far today, representing approximately 4.2 million underlying shares of AAL. Below is a chart showing CHRW's trailing twelve month trading history, with the $90 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 155,327 contracts thus far today. That number of contracts represents approximately 15.5 million underlying shares, working out to a sizeable 49.1% of AAL's average daily trading volume over the past month, of 31.6 million shares.
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Below is a chart showing AAL's trailing twelve month trading history, with the $10 strike highlighted in orange: For the various different available expirations for RMBS options, CHRW options, or AAL options, visit StockOptionsChannel.com. Below is a chart showing CHRW's trailing twelve month trading history, with the $90 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 155,327 contracts thus far today. That number of contracts represents approximately 15.5 million underlying shares, working out to a sizeable 49.1% of AAL's average daily trading volume over the past month, of 31.6 million shares.
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2964.0
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2023-01-23 00:00:00 UTC
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What's in the Cards for Alaska Air (ALK) in Q4 Earnings?
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https://www.nasdaq.com/articles/whats-in-the-cards-for-alaska-air-alk-in-q4-earnings
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Alaska Air Group, Inc. ALK is scheduled to report fourth-quarter 2022 results on Jan 26, before market open.
ALK has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in each of the preceding four quarters, the average beat being 18.72%.
Alaska Air Group, Inc. Price and EPS Surprise
Alaska Air Group, Inc. price-eps-surprise | Alaska Air Group, Inc. Quote
Let’s see how things are shaping up for Alaska Air this earnings season.
Q4 Expectations
The Zacks Consensus Estimate for Alaska Air’s fourth-quarter 2022 revenues is pegged at $2.50 billion, indicating 31.88% growth year over year. The top line is likely to have been aided by the continued recovery in air-travel demand and an improvement in passenger revenues.
On the back of upbeat air-travel demand and favorable pricing, ALK has updated its fourth-quarter 2022 guidance. The company now expects fourth-quarter 2022 total revenues to increase 13-14% from the fourth quarter of 2019 actuals (the previous guidance had hinted at a 12-15% increase). Load factor (% of seats filled by passengers) is now expected in the 84-86% band (earlier guidance was in the 83-86% range).
Meanwhile, with oil prices coming down in the latter half of the December quarter, fuel price per gallon is now expected in the range of $3.50-$3.60 (earlier guidance was in the $3.50-$3.70 band) for fourth-quarter 2022. Although fuel cost guidance in the higher end has been lowered, escalating operating expenses, primarily due to fuel prices, continue to bother Alaska Air’s bottom line.
The Zacks Consensus Estimate for ALK’s fourth-quarter 2022 earnings has been revised downward by 12% in the past 90 days. The Zacks Consensus Estimate for economic fuel cost per gallon is pegged at $3.62 for the fourth quarter, indicating 60.1% growth year over year.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Alaska Air this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Alaska Air has an Earnings ESP of -7.82% and a Zacks Rank #3.
Highlights of Q3
Alaska Air's third-quarter 2022 earnings of $2.53 per share beat the Zacks Consensus Estimate of $2.41. The bottom line surged 72.1% year over year. Operating revenues of $2,828 million outperformed the Zacks Consensus Estimate of $2,827.4 million. The top line jumped 45% year over year, with passenger revenues accounting for 92.5% of the top line and soaring 47% owing to continued recovery in air-travel demand.
Stocks to Consider
Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their fourth-quarter 2022 earnings:
American Airlines AAL has an Earnings ESP of +9.79% and a Zacks Rank #2. AAL will release results on Jan 26. You can see the complete list of today’s Zacks #1 Rank stocks here.
American Airlines has an expected earnings growth rate of more than 100% for fourth-quarter 2022. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
The Zacks Consensus Estimate for AAL’s fourth-quarter 2022 earnings has been revised upward by more than 100% in the past 90 days.
JetBlue Airways JBLU has an Earnings ESP of +6.77% and a Zacks Rank #3. JBLU will release results on Jan 26.
JetBlue has an expected earnings growth rate of more than 100% for fourth-quarter 2022.
The Zacks Consensus Estimate for JBLU’s fourth-quarter 2022 earnings has been revised upward by 58.3% in the past 90 days.
Norfolk Southern Corporation NSC has an Earnings ESP of +1.33% and a Zacks Rank #3. NSC will release results on Jan 25.
NSC has an expected earnings growth rate of 9.29% for fourth-quarter 2022. `NSC delivered a trailing four-quarter earnings surprise of 4.06%, on average.
NSC has a long-term expected growth rate of 8.96%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report
Norfolk Southern Corporation (NSC) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks to Consider Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their fourth-quarter 2022 earnings: American Airlines AAL has an Earnings ESP of +9.79% and a Zacks Rank #2. AAL will release results on Jan 26. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
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Click to get this free report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report Norfolk Southern Corporation (NSC) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their fourth-quarter 2022 earnings: American Airlines AAL has an Earnings ESP of +9.79% and a Zacks Rank #2. AAL will release results on Jan 26.
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Stocks to Consider Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their fourth-quarter 2022 earnings: American Airlines AAL has an Earnings ESP of +9.79% and a Zacks Rank #2. Click to get this free report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report Norfolk Southern Corporation (NSC) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL will release results on Jan 26.
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Stocks to Consider Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their fourth-quarter 2022 earnings: American Airlines AAL has an Earnings ESP of +9.79% and a Zacks Rank #2. AAL will release results on Jan 26. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
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2023-01-23 00:00:00 UTC
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SAP Set to Report Q4 Earnings: Here's What You Should Know
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https://www.nasdaq.com/articles/sap-set-to-report-q4-earnings%3A-heres-what-you-should-know
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SAP SE SAP is slated to report fourth-quarter and full-year 2022 results on Jan 26.
The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $8.23 billion, which suggests a decline of 9.9% from the year-ago quarter’s reported figure. The consensus mark for earnings is pegged at $1.38 per share, indicating a year-over-year decrease of 35.2%.
For 2022, SAP anticipates cloud revenues in the range of €11.55-€11.85 billion, suggesting an increase of 23-26% at cc. For the full year, the company expects a negative impact of approximately €250 million at constant currencies due to a lack of new business and discontinuation of existing business. For non-IFRS operating profit, the impact is expected to be around €300 million at constant currencies.
SAP SE Price and EPS Surprise
SAP SE price-eps-surprise | SAP SE Quote
Factors to Note
The company’s performance in the fourth quarter is likely to have benefited from continued strength in its cloud business (especially the Rise with SAP solution) across all regions. In the last-reported quarter, the Current cloud backlog — a key indicator of go-to-market success in cloud business — increased 38%.
The RISE with SAP solution will likely help SAP increase its market share in the cloud ERP solutions’ space and boost the adoption of its cloud-based solutions, such as SAP S/4HANA. In the last-reported quarter, the Rise with SAP solution was adopted by clients, including Alpargatas, Dabur India Limited, Fonterra, Nikon Corporation, Prada, RICOH CO, Roborock, Salzburg AG, Schneider Electric, Wistron Corporation and 11teamsports.
The company is also likely to benefit from the growing momentum in the SAP Business Technology Platform and SAP Ariba and SAP Signavio solutions.
Apart from that, frequent product launches are likely to boost the top line. In November, the company announced the launch of SAP Build, which leverages the company’s Business Technology Platform to assist customers in easily creating and developing enterprise applications and automating processes etc.
However, global macroeconomic weakness, geopolitical instability and continued softness in software licenses are major headwinds for SAP. Stiff competition in the cloud space and increasing research & development and sales & marketing expenses are added concerns.
What Our Model Says
Our proven model predicts an earnings beat for SAP this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
SAP has an Earnings ESP of +3.09% and a Zacks Rank #2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks With Favorable Combination
Here are some stocks you may consider, as our proven model shows that these have the right mix of elements to beat estimates this time around.
American Airlines Group AAL has an Earnings ESP of +9.79% and currently has a Zacks Rank #2. AAL is scheduled to report earnings on Jan 26. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 84 cents per share and $12.96 billion, respectively. Shares of AAL have lost 0.4% in the past year.
Xcel Energy XEL has an Earnings ESP of +2.99% and currently has a Zacks Rank #2. XEL is scheduled to report earnings on Jan 26.
The Zacks Consensus Estimate for XEL’s to-be-reported quarter’s earnings and revenues is pegged at 67 cents per share and $3.52 billion, respectively. Shares of XEL have gained 1.6% in the past year.
Axos Financial AX has an Earnings ESP of +0.16% and currently has a Zacks Rank #2. AX is scheduled to report earnings on Jan 26.
The Zacks Consensus Estimate for AX’s to-be-reported quarter’s earnings and revenues is pegged at $1.24 per share and $216.37 million, respectively. Shares of AX have lost 24.9% in the past year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Xcel Energy Inc. (XEL) : Free Stock Analysis Report
SAP SE (SAP) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
AXOS FINANCIAL, INC (AX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group AAL has an Earnings ESP of +9.79% and currently has a Zacks Rank #2. AAL is scheduled to report earnings on Jan 26. The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 84 cents per share and $12.96 billion, respectively.
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The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 84 cents per share and $12.96 billion, respectively. Click to get this free report Xcel Energy Inc. (XEL) : Free Stock Analysis Report SAP SE (SAP) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report AXOS FINANCIAL, INC (AX) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group AAL has an Earnings ESP of +9.79% and currently has a Zacks Rank #2.
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Click to get this free report Xcel Energy Inc. (XEL) : Free Stock Analysis Report SAP SE (SAP) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report AXOS FINANCIAL, INC (AX) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group AAL has an Earnings ESP of +9.79% and currently has a Zacks Rank #2. AAL is scheduled to report earnings on Jan 26.
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American Airlines Group AAL has an Earnings ESP of +9.79% and currently has a Zacks Rank #2. AAL is scheduled to report earnings on Jan 26. The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 84 cents per share and $12.96 billion, respectively.
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2966.0
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2023-01-23 00:00:00 UTC
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Should Value Investors Buy American Airlines (AAL) Stock?
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https://www.nasdaq.com/articles/should-value-investors-buy-american-airlines-aal-stock
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One stock to keep an eye on is American Airlines (AAL). AAL is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 8.82 right now. For comparison, its industry sports an average P/E of 12.59. Over the past year, AAL's Forward P/E has been as high as 9,493.45 and as low as -3,032.07, with a median of 11.71.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. AAL has a P/S ratio of 0.23. This compares to its industry's average P/S of 0.52.
Finally, investors will want to recognize that AAL has a P/CF ratio of 16.01. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. AAL's P/CF compares to its industry's average P/CF of 24.30. Over the past year, AAL's P/CF has been as high as 35.74 and as low as -305.42, with a median of 14.26.
Another great Transportation - Airline stock you could consider is United Airlines (UAL), which is a # 2 (Buy) stock with a Value Score of A.
Furthermore, United Airlines holds a P/B ratio of 3.23 and its industry's price-to-book ratio is 4.81. UAL's P/B has been as high as 4.68, as low as 2.01, with a median of 3 over the past 12 months.
These are only a few of the key metrics included in American Airlines and United Airlines strong Value grade, but they help show that the stocks are likely undervalued right now. When factoring in the strength of its earnings outlook, AAL and UAL look like an impressive value stock at the moment.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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American Airlines Group Inc. (AAL) : Free Stock Analysis Report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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One stock to keep an eye on is American Airlines (AAL). AAL is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. Over the past year, AAL's Forward P/E has been as high as 9,493.45 and as low as -3,032.07, with a median of 11.71.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report To read this article on Zacks.com click here. One stock to keep an eye on is American Airlines (AAL). AAL is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report To read this article on Zacks.com click here. One stock to keep an eye on is American Airlines (AAL). AAL is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A.
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AAL has a P/S ratio of 0.23. One stock to keep an eye on is American Airlines (AAL). AAL is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A.
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2023-01-20 00:00:00 UTC
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American Airlines (AAL) Gains But Lags Market: What You Should Know
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https://www.nasdaq.com/articles/american-airlines-aal-gains-but-lags-market%3A-what-you-should-know-8
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In the latest trading session, American Airlines (AAL) closed at $16.34, marking a +0.37% move from the previous day. The stock lagged the S&P 500's daily gain of 1.89%. At the same time, the Dow added 1%, and the tech-heavy Nasdaq gained 10%.
Heading into today, shares of the world's largest airline had gained 29.62% over the past month, outpacing the Transportation sector's gain of 3.2% and the S&P 500's gain of 2.3% in that time.
American Airlines will be looking to display strength as it nears its next earnings release, which is expected to be January 26, 2023. On that day, American Airlines is projected to report earnings of $0.84 per share, which would represent year-over-year growth of 159.15%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.92 billion, up 37.02% from the year-ago period.
It is also important to note the recent changes to analyst estimates for American Airlines. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 17.3% higher. American Airlines is currently sporting a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that American Airlines has a Forward P/E ratio of 8.45 right now. This represents a discount compared to its industry's average Forward P/E of 12.89.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 44, which puts it in the top 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the latest trading session, American Airlines (AAL) closed at $16.34, marking a +0.37% move from the previous day. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. In the latest trading session, American Airlines (AAL) closed at $16.34, marking a +0.37% move from the previous day. On that day, American Airlines is projected to report earnings of $0.84 per share, which would represent year-over-year growth of 159.15%.
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In the latest trading session, American Airlines (AAL) closed at $16.34, marking a +0.37% move from the previous day. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Heading into today, shares of the world's largest airline had gained 29.62% over the past month, outpacing the Transportation sector's gain of 3.2% and the S&P 500's gain of 2.3% in that time.
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In the latest trading session, American Airlines (AAL) closed at $16.34, marking a +0.37% move from the previous day. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. On that day, American Airlines is projected to report earnings of $0.84 per share, which would represent year-over-year growth of 159.15%.
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2023-01-20 00:00:00 UTC
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Plexus Corp (PLXS) to Post Q1 Earnings: Key Factors to Note
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https://www.nasdaq.com/articles/plexus-corp-plxs-to-post-q1-earnings%3A-key-factors-to-note
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Plexus Corp PLXS is slated to report first-quarter fiscal 2023 results on Jan 25.
The Zacks Consensus Estimate for first-quarter revenues is pegged at $1.11 billion, which suggests growth of 35.4% from the year-ago quarter’s reported figure. The consensus mark for earnings is pegged at $1.47 per share, indicating a year-over-year increase of 67.1%.
The company’s earnings beat the Zacks Consensus Estimate in three of the last four quarters. It has a trailing four-quarter earnings surprise of 17.5%, on average.
For first-quarter fiscal 2023, the company expects revenues to be between $1.08 billion and $1.13 billion. GAAP earnings are expected in the range of $1.40-$1.58 per share, including 20 cents of stock-based compensation expenses.
Plexus Corp. Price and EPS Surprise
Plexus Corp. price-eps-surprise | Plexus Corp. Quote
Factors to Note
The company’s performance in the first quarter is likely to have benefited from the improving demand environment and new program ramps. In the last-reported quarter, the company won 32 manufacturing contracts in the fiscal fourth quarter, worth $214 million in annualized revenues. Also, trailing four-quarter manufacturing wins totaled more than $1 billion in annualized revenues.
The company is well-positioned to benefit from growing secular market trends in warehouse and factory automation, vehicle electrification, commercial space and robotic-assisted surgery.
The company expects Healthcare/Life Sciences sector customer wins to generate significant revenues in the first quarter owing to strong demand and new program ramps. Also, the funnel of qualified manufacturing is expected to benefit from customers re-evaluating their internal manufacturing strategies.
Additionally, Plexus is making considerable strides in its global energy-saving activities, lowering the relative electricity use at its production facilities by almost 10%.
However, the company’s performance is likely to be affected due to uncertainty prevailing over global macroeconomic conditions, geopolitical instability and supply-chain disruptions. Customer concentration risks and stiff competition are further concerns.
What Our Model Says
Our proven model does not predict an earnings beat for PLXS this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
PLXS has an Earnings ESP of -0.68% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With Favorable Combination
Here are some stocks you may consider, as our proven model shows that these have the right mix of elements to beat estimates this time around.
Halliburton Company HAL has an Earnings ESP of +0.30% and currently carries a Zacks Rank #2. HAL is set to announce quarterly figures on Jan 24. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Halliburton’s to-be-reported quarter’s earnings and revenues is pegged at 67 cents per share and $5.58 billion, respectively. Shares of HAL have increased 45.9% in the past year.
SAP SE SAP has an Earnings ESP of +3.09% and presently carries a Zacks Rank #2. SAP is slated to release quarterly numbers on Jan 26.
The Zacks Consensus Estimate for SAP’s to-be-reported quarter’s earnings and revenues is pegged at $1.38 per share and $8.23 billion, respectively. Shares of SAP have lost 14.8% in the past year.
American Airlines Group AAL has an Earnings ESP of +16.71% and currently has a Zacks Rank #2. AAL is scheduled to report earnings on Jan 26.
The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 75 cents per share and $12.84 billion, respectively. Shares of AAL have lost 0.1% in the past year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Halliburton Company (HAL) : Free Stock Analysis Report
Plexus Corp. (PLXS) : Free Stock Analysis Report
SAP SE (SAP) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group AAL has an Earnings ESP of +16.71% and currently has a Zacks Rank #2. AAL is scheduled to report earnings on Jan 26. The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 75 cents per share and $12.84 billion, respectively.
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The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 75 cents per share and $12.84 billion, respectively. Click to get this free report Halliburton Company (HAL) : Free Stock Analysis Report Plexus Corp. (PLXS) : Free Stock Analysis Report SAP SE (SAP) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group AAL has an Earnings ESP of +16.71% and currently has a Zacks Rank #2.
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The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 75 cents per share and $12.84 billion, respectively. Click to get this free report Halliburton Company (HAL) : Free Stock Analysis Report Plexus Corp. (PLXS) : Free Stock Analysis Report SAP SE (SAP) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group AAL has an Earnings ESP of +16.71% and currently has a Zacks Rank #2.
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The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 75 cents per share and $12.84 billion, respectively. American Airlines Group AAL has an Earnings ESP of +16.71% and currently has a Zacks Rank #2. AAL is scheduled to report earnings on Jan 26.
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2023-01-20 00:00:00 UTC
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FLEX Set to Report Q3 Earnings: Here's What You Should Know
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https://www.nasdaq.com/articles/flex-set-to-report-q3-earnings%3A-heres-what-you-should-know
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Flex Ltd FLEX is slated to report third-quarter fiscal 2023 results on Jan 25.
The Zacks Consensus Estimate for third-quarter revenues is pegged at $7.48 billion, which suggests growth of 13% from the year-ago quarter’s reported figure. The consensus mark for earnings is pegged at 60 cents per share, indicating a year-over-year increase of 20%.
The company’s earnings beat the Zacks Consensus Estimate in all the last four quarters. It has a trailing four-quarter earnings surprise of 18.5%, on average.
For third-quarter fiscal 2023, the company expects revenues to be between $7.3 billion and $7.7 billion. The company expects adjusted earnings of 57-63 cents per share. The adjusted operating income is projected to be between $345 million and $375 million.
Flex Ltd. Price and EPS Surprise
Flex Ltd. price-eps-surprise | Flex Ltd. Quote
Factors to Note
The company’s performance in the third quarter is likely to have benefited from continued momentum in the company’s Agility Solutions and Reliability Solutions segments, backed by a strong customer backlog.
The company’s automotive sector is likely to benefit owing to increasing demand for electric vehicles and next-generation mobility. Moreover, the company’s healthcare segment is expected to benefit from strong demand for elective procedures and a continued ramp-up in large medical device programs.
The industrial business is likely to gain momentum owing to ongoing secular trends. Additionally, organizations are switching to domestic production to take advantage of the tax credits and boost their resilience under the inflation Reduction Act. This is likely to boost the growth prospects of the company in the renewable energy sector.
The company’s Communications, Enterprise and Cloud business is likely to benefit from continued strength within the cloud and communications sector.
The company continues to invest in research and development to minimize waste and prioritize sustainability as part of the company’s circular economy solutions.
However, the company’s performance is affected by semiconductor shortages. The lack of panel availability continues to weigh on the Nextracker segment’s performance. Stiff competition and leveraged balance sheets are further concerns.
What Our Model Says
Our proven model does not predict an earnings beat for FLEX this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
FLEX has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With Favorable Combination
Here are some stocks you may consider, as our proven model shows that these have the right mix of elements to beat estimates this time around.
Halliburton Company HAL has an Earnings ESP of +0.30% and currently carries a Zacks Rank #2. HAL is set to announce quarterly figures on Jan 24. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Halliburton’s to-be-reported quarter’s earnings and revenues is pegged at 67 cents per share and $5.58 billion, respectively. Shares of HAL have increased 45.9% in the past year.
SAP SE SAP has an Earnings ESP of +3.09% and presently carries a Zacks Rank #2. SAP is slated to release quarterly numbers on Jan 26.
The Zacks Consensus Estimate for SAP’s to-be-reported quarter’s earnings and revenues is pegged at $1.38 per share and $8.23 billion, respectively. Shares of SAP have lost 14.8% in the past year.
American Airlines Group AAL has an Earnings ESP of +16.71% and currently has a Zacks Rank #2. AAL is scheduled to report earnings on Jan 26.
The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 75 cents per share and $12.84 billion, respectively. Shares of AAL have lost 0.1% in the past year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Halliburton Company (HAL) : Free Stock Analysis Report
SAP SE (SAP) : Free Stock Analysis Report
Flex Ltd. (FLEX) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group AAL has an Earnings ESP of +16.71% and currently has a Zacks Rank #2. AAL is scheduled to report earnings on Jan 26. The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 75 cents per share and $12.84 billion, respectively.
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The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 75 cents per share and $12.84 billion, respectively. Click to get this free report Halliburton Company (HAL) : Free Stock Analysis Report SAP SE (SAP) : Free Stock Analysis Report Flex Ltd. (FLEX) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group AAL has an Earnings ESP of +16.71% and currently has a Zacks Rank #2.
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The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 75 cents per share and $12.84 billion, respectively. Click to get this free report Halliburton Company (HAL) : Free Stock Analysis Report SAP SE (SAP) : Free Stock Analysis Report Flex Ltd. (FLEX) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group AAL has an Earnings ESP of +16.71% and currently has a Zacks Rank #2.
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American Airlines Group AAL has an Earnings ESP of +16.71% and currently has a Zacks Rank #2. AAL is scheduled to report earnings on Jan 26. The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 75 cents per share and $12.84 billion, respectively.
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2023-01-20 00:00:00 UTC
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Here's What to Expect Ahead of Aspen's (AZPN) Q2 Earnings
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https://www.nasdaq.com/articles/heres-what-to-expect-ahead-of-aspens-azpn-q2-earnings
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Aspen Technology AZPN is scheduled to report second-quarter fiscal 2023 results on Jan 25.
The Zacks Consensus Estimate for earnings is pegged at $1.27 per share, indicating an increase of 5.8% on a year-over-year basis. The Zacks Consensus Estimate for revenues is pegged at $272.1 million, suggesting an increase of 58.8% from the prior-year quarter’s levels.
The company surpassed the Zacks Consensus Estimate in three of the last four quarters. It has a trailing four-quarter earnings surprise of 19.3%, on average. In the past year, shares of the company have risen 35.3% against the sub-industry’s decline of 49.4%.
Image Source: Zacks Investment Research
Factors to Note
Higher demand for Aspen Technology’s asset optimization and management software solutions and Asset Performance Management suite is likely to have positively impacted the top-line performance in the to-be-reported quarter. The company is expected to have benefited from the rapid adoption of cloud-based solutions, integration with big data analytics, increased proliferation of the Internet of Things and increased investment in software.
Strong pipeline of bookings and momentum in dealer grid management (DGM) and Subsurface Science and Engineering (SSE) product portfolios are likely to have acted as tailwinds. In the last reported quarter, the DGM product portfolio generated $16.9 million in software license orders.
Last year, the company completed the merger involving the integration of Emerson's OSI Inc. and GSS businesses. Aspen plans to leverage OSI’s DGM product portfolio to develop its transmission and distribution offering to support power grid modernization and ensure grid reliability. These are likely to have positively impacted the top line in the fiscal second quarter.
Aspen Technology, Inc. Price and Consensus
Aspen Technology, Inc. price-consensus-chart | Aspen Technology, Inc. Quote
Also, the SSE business segment is likely to have helped the company tap growing markets, such as carbon capture and sequestration, and geothermal energy. Increasing sustainability capex investments toward implementing projects in low-carbon energy space like hydrogen, carbon capture and sequestration, solar, biofuels and wind, among others, bode well.
However, protracted supply-chain troubles, uncertainty prevailing over global macroeconomic conditions and inflationary pressure might have weighed on the to-be-reported quarter’s performance.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Aspen Technology this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
Aspen Technology has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some stocks you may consider as our model shows that these have the right combination of elements to beat on earnings this season.
Halliburton Company HAL has an Earnings ESP of +0.30% and currently carries a Zacks Rank of 2. HAL is set to announce quarterly figures on Jan 24. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Halliburton’s to-be-reported quarter’s earnings and revenues is pegged at 67 cents per share and $5.58 billion, respectively. Shares of HAL have risen 46% in the past year.
SAP SE SAP has an Earnings ESP of +3.09% and presently carries a Zacks Rank #2. SAP is slated to release quarterly numbers on Jan 26.
The Zacks Consensus Estimate for SAP’s to-be-reported quarter’s earnings and revenues is pegged at $1.38 per share and $8.23 billion, respectively. Shares of SAP have lost 14.8% in the past year.
American Airlines Group AAL has an Earnings ESP of +16.71% and currently has a Zacks Rank #2. AAL is scheduled to report earnings on Jan 26.
The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 75 cents per share and $12.84 billion, respectively. Shares of AAL have dipped 0.1% in the past year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Halliburton Company (HAL) : Free Stock Analysis Report
SAP SE (SAP) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Aspen Technology, Inc. (AZPN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group AAL has an Earnings ESP of +16.71% and currently has a Zacks Rank #2. AAL is scheduled to report earnings on Jan 26. The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 75 cents per share and $12.84 billion, respectively.
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The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 75 cents per share and $12.84 billion, respectively. Click to get this free report Halliburton Company (HAL) : Free Stock Analysis Report SAP SE (SAP) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Aspen Technology, Inc. (AZPN) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group AAL has an Earnings ESP of +16.71% and currently has a Zacks Rank #2.
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The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 75 cents per share and $12.84 billion, respectively. Click to get this free report Halliburton Company (HAL) : Free Stock Analysis Report SAP SE (SAP) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Aspen Technology, Inc. (AZPN) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group AAL has an Earnings ESP of +16.71% and currently has a Zacks Rank #2.
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American Airlines Group AAL has an Earnings ESP of +16.71% and currently has a Zacks Rank #2. AAL is scheduled to report earnings on Jan 26. The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues is pegged at 75 cents per share and $12.84 billion, respectively.
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2023-01-20 00:00:00 UTC
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Factors to Note Ahead of Seagate's (STX) Q2 Earnings Release
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https://www.nasdaq.com/articles/factors-to-note-ahead-of-seagates-stx-q2-earnings-release
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Seagate Technology Holdings plc STX is scheduled to report second-quarter fiscal 2023 earnings on Jan 25.
The Zacks Consensus Estimate for revenues is pegged at $1.87 billion, which implies a decline of 40.1% from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for earnings is pegged at 17 cents per share, which suggests a decline of 93% from the year-ago quarter’s reported figure.
Management anticipates second-quarter fiscal 2023 revenues of $1.85 billion (+/- 150 million) while non-GAAP EPS for the fiscal second quarter is expected to be 15 cents per share (+/- 20 cents per share).
Seagate Technology Holdings PLC Price and EPS Surprise
Seagate Technology Holdings PLC price-eps-surprise | Seagate Technology Holdings PLC Quote
The company missed the Zacks Consensus Estimate in three of the last four quarters while surpassing the same in the remaining quarter. It has a trailing four-quarter negative earnings surprise of 11.6%, on average. In the past year, shares of the company have lost 39% of their value compared with the sub-industry’s decline of 35.6%.
Image Source: Zacks Investment Research
Factors Setting the Tone for Q2
Seagate’s performance is likely to have been affected by global macroeconomic weakness, rising interest rates, geopolitical turmoil and surging inflation. The supply-chain issues (although started to ease somewhat) and component shortages continue to remain headwinds along with customer inventory corrections. Enterprise, and video and image applications market is also bearing the brunt of prevailing macroeconomic challenges.
Cautious spending patterns amid macroeconomic weakness by customers, including global enterprise OEMs and certain domestic cloud clients, are likely to affect the demand for mass capacity solutions in near term.
STX is focused on cutting costs to better align with changing market conditions and support its long-term business strategy. In the last reported quarter, the company had announced a restructuring plan to reduce the global workforce by 8% or approximately 3,000 employees, along with other cost-saving initiatives.
This plan is expected to complete by the end of fiscal second-quarter 2023 and result in pre-tax charges (cash-based employee severance and other one-time termination payments) between $60 million and $70 million.
Moreover, declining trends witnessed in PC shipments in fourth-quarter calendar-year 2022 are likely to have negatively impacted HDD sales resulting in affecting the company’s performance in the quarter under review.
Cloud data center demand is likely to have cushioned demand for Seagate’s mass storage capacity solutions, especially its 20-terabyte drives.
What the Zacks Model Unveils
Our proven model does not predict an earnings beat for Seagate this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
Seagate has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some stocks you may consider as our model shows that these have the right combination of elements to beat on earnings this season.
Halliburton Company HAL has an Earnings ESP of +0.30% and currently carries a Zacks Rank of 2. HAL is set to announce quarterly figures on Jan 24. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Halliburton’s to-be-reported quarter’s earnings and revenues are pegged at 67 cents per share and $5.58 billion, respectively. Shares of HAL are up 46% in the past year.
SAP SE SAP has an Earnings ESP of +3.09% and presently carries a Zacks Rank #2. SAP is slated to release quarterly numbers on Jan 26.
The Zacks Consensus Estimate for SAP’s to-be-reported quarter’s earnings and revenues are pegged at $1.38 per share and $8.23 billion, respectively. Shares of SAP have lost 14.8% in the past year.
American Airlines Group AAL has an Earnings ESP of +16.71% and currently has a Zacks Rank #2. AAL is scheduled to report earnings on Jan 26.
The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues are pegged at 75 cents per share and $12.84 billion, respectively. Shares of AAL are down 0.1% in the past year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Halliburton Company (HAL) : Free Stock Analysis Report
Seagate Technology Holdings PLC (STX) : Free Stock Analysis Report
SAP SE (SAP) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group AAL has an Earnings ESP of +16.71% and currently has a Zacks Rank #2. AAL is scheduled to report earnings on Jan 26. The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues are pegged at 75 cents per share and $12.84 billion, respectively.
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Click to get this free report Halliburton Company (HAL) : Free Stock Analysis Report Seagate Technology Holdings PLC (STX) : Free Stock Analysis Report SAP SE (SAP) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group AAL has an Earnings ESP of +16.71% and currently has a Zacks Rank #2. AAL is scheduled to report earnings on Jan 26.
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The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues are pegged at 75 cents per share and $12.84 billion, respectively. Click to get this free report Halliburton Company (HAL) : Free Stock Analysis Report Seagate Technology Holdings PLC (STX) : Free Stock Analysis Report SAP SE (SAP) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group AAL has an Earnings ESP of +16.71% and currently has a Zacks Rank #2.
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American Airlines Group AAL has an Earnings ESP of +16.71% and currently has a Zacks Rank #2. AAL is scheduled to report earnings on Jan 26. The Zacks Consensus Estimate for AAL’s to-be-reported quarter’s earnings and revenues are pegged at 75 cents per share and $12.84 billion, respectively.
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2023-01-19 00:00:00 UTC
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Is a Beat in Store for American Airlines (AAL) in Q4 Earnings?
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AAL
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https://www.nasdaq.com/articles/is-a-beat-in-store-for-american-airlines-aal-in-q4-earnings
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American Airlines AAL is scheduled to report fourth-quarter 2022 results on Jan 26, before market open.
The company has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in three of the preceding four quarters (missing the mark in the other one), the average beat being 8.62%.
American Airlines Group Inc. Price and EPS Surprise
American Airlines Group Inc. price-eps-surprise | American Airlines Group Inc. Quote
Given this backdrop, let's delve deeper to unearth the factors that are likely to have influenced AAL’s fourth-quarter 2022 performance.
We expect upbeat air-travel demand, particularly on the domestic front, to have boosted American Airlines’ top-line performance in the to-be-reported quarter. Driven by the uptick, AAL expects fourth-quarter 2022 adjusted operating margin to increase 10.25-10.5% (prior view: 5.5-7.5%). Total revenues are expected to register 16-17% growth (prior view: 11-13% growth rate).
Passenger revenues, which account for the bulk of the top line, are likely to have been high, in turn, boosting the top line. Fourth-quarter total revenue per available seat mile is expected to be up almost 24% versus the fourth quarter of 2019 (prior view: up 18-20%). The presence of the Thanksgiving holiday period during the fourth quarter is likely to have boosted passenger volumes. Driven by upbeat traffic, load factor (percentage of seats filled by passengers) is likely to have been impressive in the December-end quarter.
The Zacks Consensus Estimate for load factor is pegged at 84% for fourth-quarter 2022, higher than the 80% reported in fourth-quarter 2019. However, high operating costs are anticipated to have affected the bottom-line performance in the to-be-reported quarter. AAL expects adjusted earnings per share of $1.12-$1.17.
What Our Model Says
Our proven model conclusively predicts an earnings beat for AAL this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
American Airlines has an Earnings ESP of +16.71% (the Most Accurate Estimate is pinned at 88 cents at present, while the Zacks Consensus Estimate is presently pegged at 75 cents) and a Zacks Rank #2.
Highlights of Q3
American Airlines’ third-quarter 2022 earnings of 69 cents per share surpassed the Zacks Consensus Estimate of 54 cents despite higher costs. In the year-ago quarter, AAL incurred a loss of 99 cents per share when air-travel demand was not as bullish as in the present scenario. The third quarter of 2022 was the second consecutive profitable quarter, excluding net special items at AAL since the onset of the pandemic.
Operating revenues of $13,462 million skyrocketed 50.1% year over year and surpassed the Zacks Consensus Estimate of $13,457.5 million. This year-over-year jump reflects upbeat air-travel demand. Buoyant air-travel demand is also reflected by the total operating revenue increase of 13% from the third-quarter 2019 (pre-coronavirus) levels despite operating at 9.6% lower capacity.
Other Stocks to Consider
Here are a few other stocks from the broader Zacks Transportation sector that investors may consider as well, as our model shows that these too have the right combination of elements to beat on their fourth-quarter 2022 earnings.
JetBlue Airways JBLU currently has an Earnings ESP of +6.77% and a Zacks Rank #3. JBLU will release results on Jan 26.
We expect upbeat air-travel demand to have aided JBLU’s fourth-quarter performance. However, high costs are likely to have been a dampener.
Norfolk Southern Corporation NSC has an Earnings ESP of +1.42% and a Zacks Rank #3 at present. NSC will release results on Jan 25.
We expect the upbeat demand scenario to have aided NSC’s fourth-quarter performance. However, high fuel costs are expected to have been a dampener.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report
Norfolk Southern Corporation (NSC) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines AAL is scheduled to report fourth-quarter 2022 results on Jan 26, before market open. American Airlines Group Inc. Price and EPS Surprise American Airlines Group Inc. price-eps-surprise | American Airlines Group Inc. Quote Given this backdrop, let's delve deeper to unearth the factors that are likely to have influenced AAL’s fourth-quarter 2022 performance. Driven by the uptick, AAL expects fourth-quarter 2022 adjusted operating margin to increase 10.25-10.5% (prior view: 5.5-7.5%).
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American Airlines Group Inc. Price and EPS Surprise American Airlines Group Inc. price-eps-surprise | American Airlines Group Inc. Quote Given this backdrop, let's delve deeper to unearth the factors that are likely to have influenced AAL’s fourth-quarter 2022 performance. Click to get this free report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report Norfolk Southern Corporation (NSC) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines AAL is scheduled to report fourth-quarter 2022 results on Jan 26, before market open.
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American Airlines Group Inc. Price and EPS Surprise American Airlines Group Inc. price-eps-surprise | American Airlines Group Inc. Quote Given this backdrop, let's delve deeper to unearth the factors that are likely to have influenced AAL’s fourth-quarter 2022 performance. Click to get this free report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report Norfolk Southern Corporation (NSC) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines AAL is scheduled to report fourth-quarter 2022 results on Jan 26, before market open.
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American Airlines AAL is scheduled to report fourth-quarter 2022 results on Jan 26, before market open. American Airlines Group Inc. Price and EPS Surprise American Airlines Group Inc. price-eps-surprise | American Airlines Group Inc. Quote Given this backdrop, let's delve deeper to unearth the factors that are likely to have influenced AAL’s fourth-quarter 2022 performance. Driven by the uptick, AAL expects fourth-quarter 2022 adjusted operating margin to increase 10.25-10.5% (prior view: 5.5-7.5%).
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2023-01-19 00:00:00 UTC
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Alaska Air Group (ALK) Earnings Expected to Grow: Should You Buy?
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AAL
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https://www.nasdaq.com/articles/alaska-air-group-alk-earnings-expected-to-grow%3A-should-you-buy-0
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The market expects Alaska Air Group (ALK) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2022. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on January 26. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This airline is expected to post quarterly earnings of $0.88 per share in its upcoming report, which represents a year-over-year change of +266.7%.
Revenues are expected to be $2.5 billion, up 31.9% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 57.14% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Alaska Air?
For Alaska Air, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -5.55%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Alaska Air will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Alaska Air would post earnings of $2.41 per share when it actually produced earnings of $2.53, delivering a surprise of +4.98%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Alaska Air doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry Player
Among the stocks in the Zacks Transportation - Airline industry, American Airlines (AAL) is soon expected to post earnings of $0.75 per share for the quarter ended December 2022. This estimate indicates a year-over-year change of +152.8%. This quarter's revenue is expected to be $12.84 billion, up 36.2% from the year-ago quarter.
The consensus EPS estimate for American Airlines has been revised 100.5% higher over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of 16.71%.
This Earnings ESP, combined with its Zacks Rank #2 (Buy), suggests that American Airlines will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Expected Results of an Industry Player Among the stocks in the Zacks Transportation - Airline industry, American Airlines (AAL) is soon expected to post earnings of $0.75 per share for the quarter ended December 2022. Click to get this free report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
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Click to get this free report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Expected Results of an Industry Player Among the stocks in the Zacks Transportation - Airline industry, American Airlines (AAL) is soon expected to post earnings of $0.75 per share for the quarter ended December 2022. The market expects Alaska Air Group (ALK) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2022.
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Expected Results of an Industry Player Among the stocks in the Zacks Transportation - Airline industry, American Airlines (AAL) is soon expected to post earnings of $0.75 per share for the quarter ended December 2022. Click to get this free report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate.
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Expected Results of an Industry Player Among the stocks in the Zacks Transportation - Airline industry, American Airlines (AAL) is soon expected to post earnings of $0.75 per share for the quarter ended December 2022. Click to get this free report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. The market expects Alaska Air Group (ALK) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2022.
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2023-01-19 00:00:00 UTC
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Is a Beat in Store for Norfolk Southern (NSC) in Q4 Earnings?
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AAL
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https://www.nasdaq.com/articles/is-a-beat-in-store-for-norfolk-southern-nsc-in-q4-earnings
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Norfolk Southern Corporation NSC is scheduled to report fourth-quarter 2022 results on Jan 25, before market open.
Norfolk Southern has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in each of the preceding four quarters, the average beat being 4.06%.
Norfolk Southern Corporation Price and EPS Surprise
Norfolk Southern Corporation price-eps-surprise | Norfolk Southern Corporation Quote
Let’s see how things have shaped up for Norfolk Southern this earnings season.
Q4 Expectations
The Zacks Consensus Estimate for Norfolk Southern’s fourth-quarter 2022 revenues is pegged at $3.17 billion, indicating 11.19% growth year over year. The top line is likely to have been aided by strength across its segments — Merchandise, Intermodal and Coal.
The Zacks Consensus Estimate for fourth-quarter Merchandise revenues is pegged at $1,817 million, indicating 8.7% growth from the year-ago reported figure.
The Zacks Consensus Estimate for fourth-quarter Intermodal revenues is pegged at $911 million, indicating 9.6% growth from the year-ago reported figure.
The Zacks Consensus Estimate for fourth-quarter Coal revenues is pegged at $404 million, indicating 15.4% growth from the year-ago reported figure.
On the flip side, escalating operating expenses, primarily due to rising fuel prices, continue to bother NSC’s bottom line. Moreover, supply-chain disruptions and slower network velocity are expected to have weighed on volumes in the fourth quarter. Notably, the Zacks Consensus Estimate for NSC’s fourth-quarter 2022 earnings has been revised downward by 4.4% in the past 90 days.
What Our Model Says
Our proven model predicts an earnings beat for Norfolk Southern this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is the case here, as you can see below. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Norfolk Southern has an Earnings ESP of +0.55% and a Zacks Rank #3.
Highlights of Q3
Norfolk Southern third-quarter 2022 earnings of $4.10 per share surpassed the Zacks Consensus Estimate of $3.64. Moreover, the bottom line improved 34% year over year.
Railway operating revenues in the quarter under review came in at $3,343 million, outperforming the Zacks Consensus Estimate of $3,219.6 million. The top line increased 17.22% year over year, with all segments, Merchandise, Intermodal and Coal, registering improvement in revenues. Revenue per unit rose 20% year over year, driven by higher fuel surcharges and pricing.
Other Stocks to Consider
Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their fourth-quarter 2022 earnings estimates:
American Airlines AAL has an Earnings ESP of +16.71% and a Zacks Rank #2. AAL will release results on Jan 26. You can see the complete list of today’s Zacks #1 Rank stocks here.
American Airlines has an expected earnings growth rate of more than 100% for fourth-quarter 2022. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
The Zacks Consensus Estimate for AAL’s fourth-quarter 2022 earnings has been revised upward by more than 100% in the past 90 days.
Copa Holdings, S.A. CPA has an Earnings ESP of +8.05% and a Zacks Rank #3. CPA will release results on Feb 15.
Copa Holdings has an expected earnings growth rate of 89.9% for fourth-quarter 2022. CPA delivered a trailing four-quarter earnings surprise of 48.95%, on average.
The Zacks Consensus Estimate for CPA’s fourth-quarter 2022 earnings has been revised upward by 41.3% in the past 90 days.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Norfolk Southern Corporation (NSC) : Free Stock Analysis Report
Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Stocks to Consider Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their fourth-quarter 2022 earnings estimates: American Airlines AAL has an Earnings ESP of +16.71% and a Zacks Rank #2. AAL will release results on Jan 26. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
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Click to get this free report Norfolk Southern Corporation (NSC) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their fourth-quarter 2022 earnings estimates: American Airlines AAL has an Earnings ESP of +16.71% and a Zacks Rank #2. AAL will release results on Jan 26.
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Other Stocks to Consider Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their fourth-quarter 2022 earnings estimates: American Airlines AAL has an Earnings ESP of +16.71% and a Zacks Rank #2. Click to get this free report Norfolk Southern Corporation (NSC) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL will release results on Jan 26.
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Other Stocks to Consider Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their fourth-quarter 2022 earnings estimates: American Airlines AAL has an Earnings ESP of +16.71% and a Zacks Rank #2. AAL will release results on Jan 26. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
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2023-01-19 00:00:00 UTC
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GLOBAL MARKETS-Recession angst triggers worst day of year for European stocks
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AAL
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https://www.nasdaq.com/articles/global-markets-recession-angst-triggers-worst-day-of-year-for-european-stocks
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By Marc Jones and Tom Westbrook
LONDON/SINGAPORE, Jan 19 (Reuters) - Stocks and oil prices dipped on Thursday after weak U.S. consumer data rekindled global recession worries, while Japan's yen reared up again as traders took fresh punts that the Bank of Japan will soon be tightening policy.
A sharp 1.4% slide in European stocks .STOXX was shaping up to be their toughest day of the year so far and combined with an even worse session for Toyko .N225.T left the main all-world indexes .MIWD00000PUS, .FTGEISAC facing their first three-day losing streak since mid-December.
Wall Street futures were pointing down more than 0.5% too, while Benchmark 10-year U.S. Treasury yields US10YT=RR, which tend to drive global borrowing costs and fall when bond prices rise, were at their lowest since September. US/GVD/EUR
Oil prices LCOc1 dropped back as much as 1% after a 10% rally so far this year, and industrial metal copper CMCU3 skidded from a six-month high that has been fuelled by resource-hungry China abandoning strict COVID-19 restrictions. MET/L
"We actually think that the recession and the corporate earnings season that we are just at the start of ... are going to weigh on the markets," Close Brothers Asset Management Chief Investment Officer Robert Alster said, referring to the coming months.
"The retail sales data from the U.S. and places like the UK are going to be a bit weak for a while," he added. "But never ever underestimate the U.S. consumer, that is an import investment rule. Let's see a few more months (of data)."
In the currency markets, the yen JPY=EBS rose 0.7% to 127.95 per dollar, unwinding some of its drop the previous day when, to the surprise of markets, the Bank of Japan (BOJ) stuck firmly to its approach of ultra-low interest rates.
The BOJ has pursued super-easy policy settings for decades in an attempt to generate inflation and growth, but there are doubts it can keep that up, and traders have been selling Japanese government bonds and buying yen to bet on a shift.
"There's an intense amount of speculation in the market that now that the January (BOJ) meeting has happened without any changes ... that we'll see something in March," said Shafali Sachdev, head of FX, fixed income and commodities in Asia at BNP Paribas Wealth Management in Singapore.
April was another possibility, she added, since by then the BOJ would have a new governor. "My guess would be that more speculators would look to build positions going into these meetings."
Speculators did, however, give some respite to the BOJ in the bond market. After four days of huge BOJ spending to reel 10-year yields back inside the target band of 0.5% either side of zero, the yield JP10YTN=JBTC held at 0.41% on Thursday. JP/
RECESSION RISK
In Europe, there was plenty going on too.
European Central Bank president Christine Lagarde pushed up euro zone bond yields slightly by telling the World Economic Forum's Davos gathering that the bank would stay the course with rate hikes.
Minutes from last month's ECB meeting were also due shortly, although Dutch ECB policymaker Klaas Knot, a noted hawk, had also been out saying markets should take more seriously guidance of rates rising in multiples of 50 basis points. GVD/EUR
Norway's crown had ticked higher as its central bank kept its interest rates at 2.75%, but said they were likely to go up in March, while the New Zealand dollar NZD=D3 was down more than 1% after the surprise resignation of Prime Minister Jacinda Ardern's who said she had "no more in the tank".
S&P 500 futures ESc1 were down 0.75% as the U.S. open approached and close to breaking below the 50-day moving average.
On Wednesday, the S&P 500 .SPX had lost 1.6% after data showed U.S. manufacturing output had slumped last month and retail sales had fallen by the most in a year.
Microsoft's announcement of 10,000 layoffs and hawkish comments from Cleveland Fed President Loretta Mester and St. Louis Fed President James Bullard added to the gloom, with both monetary officials expecting U.S. interest rates above 5% this year.
Fed officials Lael Brainard and John Williams were due to make public appearances later. Netflix NFLX.O, American Airlines AAL.O and Procter & Gamble PG.N were reporting results, while housing starts numbers, weekly jobless claims and the Philadelphia Fed's Manufacturing Survey will provide more colour on the U.S. economy's health.
"The decline in retail spending and industrial production adds to the theme of the economy slowing and heading into recession in 2023, and pushes back on the soft-landing narrative dominating markets since January," said National Australia Bank's head of market economics, Tapas Strickland.
The dollar slipped into the red after its overnight rise as New York trading loomed. The Australian dollar AUD=D3 was still down 0.75% after data showed an unexpected fall in Australian employment last month, but the ECB's talkers had lifted the euro EUR=EBS back into positive territory at $1.0822.
World FX rates YTDhttp://tmsnrt.rs/2egbfVh
Global asset performancehttp://tmsnrt.rs/2yaDPgn
Asian stock marketshttps://tmsnrt.rs/2zpUAr4
World stocks strong start to 2023https://tmsnrt.rs/3D0nPRL
(Reporting by Marc Jones; editing by John Stonestreet and Alex Richardson)
((marc.jones@thomsonreuters.com; +44 (0)20 7513 4042; Reuters Messaging: marc.jones.thomsonreuters.com@reuters.net Twitter @marcjonesrtrs))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Netflix NFLX.O, American Airlines AAL.O and Procter & Gamble PG.N were reporting results, while housing starts numbers, weekly jobless claims and the Philadelphia Fed's Manufacturing Survey will provide more colour on the U.S. economy's health. A sharp 1.4% slide in European stocks .STOXX was shaping up to be their toughest day of the year so far and combined with an even worse session for Toyko .N225.T left the main all-world indexes .MIWD00000PUS, .FTGEISAC facing their first three-day losing streak since mid-December. "There's an intense amount of speculation in the market that now that the January (BOJ) meeting has happened without any changes ... that we'll see something in March," said Shafali Sachdev, head of FX, fixed income and commodities in Asia at BNP Paribas Wealth Management in Singapore.
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Netflix NFLX.O, American Airlines AAL.O and Procter & Gamble PG.N were reporting results, while housing starts numbers, weekly jobless claims and the Philadelphia Fed's Manufacturing Survey will provide more colour on the U.S. economy's health. By Marc Jones and Tom Westbrook LONDON/SINGAPORE, Jan 19 (Reuters) - Stocks and oil prices dipped on Thursday after weak U.S. consumer data rekindled global recession worries, while Japan's yen reared up again as traders took fresh punts that the Bank of Japan will soon be tightening policy. European Central Bank president Christine Lagarde pushed up euro zone bond yields slightly by telling the World Economic Forum's Davos gathering that the bank would stay the course with rate hikes.
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Netflix NFLX.O, American Airlines AAL.O and Procter & Gamble PG.N were reporting results, while housing starts numbers, weekly jobless claims and the Philadelphia Fed's Manufacturing Survey will provide more colour on the U.S. economy's health. By Marc Jones and Tom Westbrook LONDON/SINGAPORE, Jan 19 (Reuters) - Stocks and oil prices dipped on Thursday after weak U.S. consumer data rekindled global recession worries, while Japan's yen reared up again as traders took fresh punts that the Bank of Japan will soon be tightening policy. In the currency markets, the yen JPY=EBS rose 0.7% to 127.95 per dollar, unwinding some of its drop the previous day when, to the surprise of markets, the Bank of Japan (BOJ) stuck firmly to its approach of ultra-low interest rates.
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Netflix NFLX.O, American Airlines AAL.O and Procter & Gamble PG.N were reporting results, while housing starts numbers, weekly jobless claims and the Philadelphia Fed's Manufacturing Survey will provide more colour on the U.S. economy's health. "The retail sales data from the U.S. and places like the UK are going to be a bit weak for a while," he added. Let's see a few more months (of data)."
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2976.0
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2023-01-19 00:00:00 UTC
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US STOCKS-Futures fall as weak data fuel recession worries, Fed comments on tap
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AAL
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https://www.nasdaq.com/articles/us-stocks-futures-fall-as-weak-data-fuel-recession-worries-fed-comments-on-tap
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
Futures down: Dow 0.52%, S&P 0.54%, Nasdaq 0.61%
Jan 19 (Reuters) - U.S. stock index futures fell on Thursday after weak economic data fueled recession worries, while investors await comments from more Federal Reserve officials for clues on the central bank's path of monetary tightening.
Data on Wednesday showed retail sales, producer prices and production at U.S. factories fell more than expected in December, while November output was also weaker, adding to worries of a slowdown in the economy.
This led to the S&P 500 .SPX and the Dow .DJI logging their biggest daily percentage declines in over a month in the previous session, with comments from Fed speakers that highlighted the disparity between the central bank's estimate of its terminal rate and market expectations.
St. Louis Fed President James Bullard and Cleveland Fed President Loretta Mester stressed on the need to raise rates beyond 5% to bring inflation to heel, while money markets see the rate peaking at 4.85% by June, with a 25-basis point rate hike baked in for February. FEDWATCH
"For once bad news really was bad news because of the implications it might have for interest rates. Weak retail sales suggested consumers' resilience may have been pushed beyond breaking point," said Russ Mould, investment director at AJ Bell.
"This undermined the hypothesis of a 'soft landing' for the U.S. economy."
December's housing starts number, weekly jobless claims and Philadelphia Fed's Manufacturing Survey for January, due at 8:30 a.m. ET, will provide more clues on the strength of the U.S. economy.
Investors are also focused on the fourth-quarter earnings season, with Netflix Inc NFLX.O, American Airlines Group Inc AAL.O, Procter & Gamble Co PG.N and Truist Financial Corp TFC.N among companies reporting results on Thursday.
Analysts now expect year-over-year earnings from S&P 500 companies to decline 2.6% for the quarter, according to Refinitiv data, compared with a 1.6% decline in the beginning of the year.
At 5:32 a.m. ET, Dow e-minis 1YMcv1 were down 173 points, or 0.52%, S&P 500 e-minis EScv1 were down 21.25 points, or 0.54%, and Nasdaq 100 e-minis NQcv1 were down 69.5 points, or 0.61%.
Tesla Inc TSLA.O fell 2% in premarket trading, leading declines among its growth peers Apple Inc AAPL.O, Amazon.com Inc AMZN.O and Microsoft Corp MSFT.O, whose shares were down between 0.6% and 1.0%.
Piper Sandler cut the target price on electric-vehicle maker Tesla's stock to $300 from $340.
(Reporting by Shubham Batra in Bengaluru; Editing by Shounak Dasgupta)
((Shubham.Batra@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors are also focused on the fourth-quarter earnings season, with Netflix Inc NFLX.O, American Airlines Group Inc AAL.O, Procter & Gamble Co PG.N and Truist Financial Corp TFC.N among companies reporting results on Thursday. Data on Wednesday showed retail sales, producer prices and production at U.S. factories fell more than expected in December, while November output was also weaker, adding to worries of a slowdown in the economy. This led to the S&P 500 .SPX and the Dow .DJI logging their biggest daily percentage declines in over a month in the previous session, with comments from Fed speakers that highlighted the disparity between the central bank's estimate of its terminal rate and market expectations.
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Investors are also focused on the fourth-quarter earnings season, with Netflix Inc NFLX.O, American Airlines Group Inc AAL.O, Procter & Gamble Co PG.N and Truist Financial Corp TFC.N among companies reporting results on Thursday. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Futures down: Dow 0.52%, S&P 0.54%, Nasdaq 0.61% Jan 19 (Reuters) - U.S. stock index futures fell on Thursday after weak economic data fueled recession worries, while investors await comments from more Federal Reserve officials for clues on the central bank's path of monetary tightening. Weak retail sales suggested consumers' resilience may have been pushed beyond breaking point," said Russ Mould, investment director at AJ Bell.
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Investors are also focused on the fourth-quarter earnings season, with Netflix Inc NFLX.O, American Airlines Group Inc AAL.O, Procter & Gamble Co PG.N and Truist Financial Corp TFC.N among companies reporting results on Thursday. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Futures down: Dow 0.52%, S&P 0.54%, Nasdaq 0.61% Jan 19 (Reuters) - U.S. stock index futures fell on Thursday after weak economic data fueled recession worries, while investors await comments from more Federal Reserve officials for clues on the central bank's path of monetary tightening. Data on Wednesday showed retail sales, producer prices and production at U.S. factories fell more than expected in December, while November output was also weaker, adding to worries of a slowdown in the economy.
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Investors are also focused on the fourth-quarter earnings season, with Netflix Inc NFLX.O, American Airlines Group Inc AAL.O, Procter & Gamble Co PG.N and Truist Financial Corp TFC.N among companies reporting results on Thursday. This led to the S&P 500 .SPX and the Dow .DJI logging their biggest daily percentage declines in over a month in the previous session, with comments from Fed speakers that highlighted the disparity between the central bank's estimate of its terminal rate and market expectations. FEDWATCH "For once bad news really was bad news because of the implications it might have for interest rates.
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2977.0
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2023-01-18 00:00:00 UTC
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Can American Airlines (AAL) Run Higher on Rising Earnings Estimates?
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https://www.nasdaq.com/articles/can-american-airlines-aal-run-higher-on-rising-earnings-estimates
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American Airlines (AAL) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.
Analysts' growing optimism on the earnings prospects of this world's largest airline is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool -- the Zacks Rank.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
For American Airlines, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year.
The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:
12 Month EPS
Current-Quarter Estimate Revisions
The company is expected to earn $0.75 per share for the current quarter, which represents a year-over-year change of +152.82%.
Over the last 30 days, five estimates have moved higher for American Airlines while one has gone lower. As a result, the Zacks Consensus Estimate has increased 100.46%.
Current-Year Estimate Revisions
For the full year, the company is expected to earn $0.03 per share, representing a year-over-year change of +100.36%.
In terms of estimate revisions, the trend for the current year also appears quite encouraging for American Airlines. Over the past month, five estimates have moved higher compared to one negative revision, helping the consensus estimate increase 17.3%.
Favorable Zacks Rank
Thanks to promising estimate revisions, American Airlines currently carries a Zacks Rank #2 (Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.
Bottom Line
Investors have been betting on American Airlines because of its solid estimate revisions, as evident from the stock's 36.3% gain over the past four weeks. As its earnings growth prospects might push the stock higher, you may consider adding it to your portfolio right away.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines (AAL) appears an attractive pick given a noticeable improvement in the company's earnings outlook. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Analysts' growing optimism on the earnings prospects of this world's largest airline is driving estimates higher, which should get reflected in its stock price.
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American Airlines (AAL) appears an attractive pick given a noticeable improvement in the company's earnings outlook. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: 12 Month EPS Current-Quarter Estimate Revisions The company is expected to earn $0.75 per share for the current quarter, which represents a year-over-year change of +152.82%.
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American Airlines (AAL) appears an attractive pick given a noticeable improvement in the company's earnings outlook. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
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American Airlines (AAL) appears an attractive pick given a noticeable improvement in the company's earnings outlook. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Analysts' growing optimism on the earnings prospects of this world's largest airline is driving estimates higher, which should get reflected in its stock price.
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2978.0
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2023-01-18 00:00:00 UTC
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United Airlines (UAL) Tops Q4 Earnings, Revenues Rise Y/Y
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https://www.nasdaq.com/articles/united-airlines-ual-tops-q4-earnings-revenues-rise-y-y
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United Airlines Holdings, Inc. UAL reported better-than-expected fourth-quarter 2022 results, wherein earnings and revenues outperformed the Zacks Consensus Estimate.
Quarterly earnings of $2.46 per share beat the Zacks Consensus Estimate of $2.07. In the year-ago quarter, UAL incurred a loss of $1.60 per share when air-travel demand was not as buoyant as in the current scenario. The fourth quarter of 2022 was the third consecutive profitable quarter at UAL since the onset of the pandemic.
Operating revenues of $12,400 million beat the Zacks Consensus Estimate of $12,230 million. UAL’s revenues increased 51.37% year over year owing to upbeat air-travel demand. The optimistic air-travel demand scenario is also evident from the fact that total operating revenues increased 13.9% from fourth-quarter 2019 (pre-coronavirus) levels.
The massive year-over-year increase in the top line was driven by 62.9% rise in passenger revenues (accounting for 90.3% of the top line) to $11,202 million. Moreover, passenger revenues increased 12.8% from fourth-quarter 2019 reading. Nearly 39 million passengers traveled on UAL flights in the December quarter.
Cargo revenues skyrocketed 49.4% from fourth-quarter 2019 actuals to $472 million. Revenues from other sources increased 13.6% from the fourth quarter of 2019 to $726 million.
United Airlines Holdings Inc Price, Consensus and EPS Surprise
United Airlines Holdings Inc price-consensus-eps-surprise-chart | United Airlines Holdings Inc Quote
Other Details of Q4
Below, we present all comparisons (in % terms) with fourth-quarter 2019 figures unless otherwise stated.
Consolidated passenger revenue per available seat mile (a key measure of unit revenues) increased 24.6%. Total revenue per available seat mile (TRASM) rose 25.8% to 19.29 cents. The average yield per revenue passenger mile was up 20.8% to 20.46 cents.
Consolidated airline traffic, measured in revenue passenger miles, dropped 6.6%, while capacity, measured in available seat miles, fell 9.5%. Consolidated load factor (percentage of seat occupancy) inched up 2.7 percentage points to 85.2%.
The average aircraft fuel price per gallon jumped 68.6% to $3.54. Fuel gallons consumed were down 12.6% from fourth-quarter 2019 actuals.
Adjusted operating expenses increased 0.7% to $7,529 million. Operating expenses (on a reported basis) increased 9.9% to $11,023 million. Consolidated unit cost or cost per available seat mile (CASM), excluding fuel, third-party business expenses, profit-sharing and special charges, ascended 11.2% to 11.71 cents.
United Airlines, currently carrying a Zacks Rank #2 (Buy), exited the fourth quarter with cash and cash equivalents of $7,166 million compared with $11,258 million at the end of the prior quarter. Long-term debt at the end of the reported quarter was $28,283 million compared with $28,490 million at the end of the prior quarter.
Outlook
For the first quarter of 2023, United Airlines expects capacity to improve by around 20% from the year-ago reported figure. TRASM is anticipated to grow almost 25% year over year. CASM, excluding fuel, third-party business expenses, profit-sharing and special charges, is expected to decline in the range of 3-4%.
Total revenues are anticipated to grow almost 50% year over year. UAL expects first-quarter earnings per share in the $0.5-$1.00 band. The Zacks Consensus Estimate for first-quarter earnings is currently pegged at 10 cents.
UAL forecasts the average aircraft fuel price per gallon to be $3.19 in the first quarter.
For 2023, United Airlines expects capacity to stay in the high teens. TRASM is anticipated to remain flat. CASM, excluding fuel, third-party business expenses, profit-sharing and special charges, is expected to remain flat.
Total revenues are anticipated to stay in the high teens. UAL expects 2023 earnings per share in the $10-$12 band. The Zacks Consensus Estimate for 2023 earnings is currently pegged at 46.92.
UAL forecasts the average aircraft fuel price per gallon in the $2.85-$2.90 band for 2023. The adjusted pre-tax margin is expected to be 9%. Adjusted capital expenditures are expected to be around $8.5 billion.
Other Stocks to Consider
Some other top-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A.GOL. Teekay Tankers presently sports a Zacks Rank #1(Strong Buy), while American Airlines andGol Linhas currently carry a Zacks Rank #2.You can see the complete list of today’s Zacks #1 Rank stocks here.
AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
The Zacks Consensus Estimate for AAL’s current-year earnings has improved 19.3% over the past 90 days. Shares of AAL have gained 17% over the past six months.
Teekay Tankers has an expected earnings growth rate of 143.11% for the current year. TNK delivered a trailing four-quarter earnings surprise of 42.23%, on average. Teekay Tankers has a long-term expected growth rate of 3%.
The Zacks Consensus Estimate for TNK’s current-year earnings has improved more than 100% over the past 90 days. Shares of TNK have soared 58.9% over the past six months.
Gol Linhas has an expected earnings growth rate of 50.9% for the current year.
Shares of GOL have gained 4.3% over the past six months.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A.GOL. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
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Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A.GOL. AAL has an expected earnings growth rate of more than 100% for the current year.
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Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A.GOL. AAL has an expected earnings growth rate of more than 100% for the current year.
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Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A.GOL. AAL has an expected earnings growth rate of more than 100% for the current year.
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2979.0
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2023-01-18 00:00:00 UTC
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US STOCKS-Wall St set to open higher after retail sales data
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https://www.nasdaq.com/articles/us-stocks-wall-st-set-to-open-higher-after-retail-sales-data
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By Shreyashi Sanyal and Amruta Khandekar
Jan 18 (Reuters) - Wall Street's main indexes eyed a higher open on Wednesday after a bigger-than-expected drop in December retail sales supported hopes of smaller rate hikes by the Federal Reserve, while gains in Tesla were set to boost the Nasdaq.
A reading from the Commerce Department showed retail sales fell 1.1% in December, compared with expectations of a 0.8% drop.
Another report showed U.S. producer prices rose less than expected year-on-year in December, adding to evidence of a moderation in inflation.
"These are good numbers from the standpoint that inflation has rolled over and the Fed has accomplished its objective," said Thomas Hayes, chairman at Great Hill Capital LLC in New York.
Traders' bets of a 25-basis point rate hike by the Fed in February rose to 94.7% after the data, from 90.6% previously, with the terminal rate now seen at 4.88% by June. FEDWATCH
Focus also remained on the earnings season as it gathers pace, to gauge how corporate America has fared against high interest rates and a challenging demand environment.
Analysts now expect year-over-year earnings from S&P 500 companies to decline 2.4% for the quarter, according to Refinitiv data, compared with a 1.6% decline in the beginning of 2023.
Earnings from big U.S. banks were a mixed bag, with many stockpiling rainy-day funds preparing for a looming recession.
Among stocks, Tesla Inc TSLA.O rose 3.8% in premarket trading, set to rise for the second straight session, as analysts noted the electric-vehicle maker's recent price cuts to top models gave it a competitive edge.
At 8:50 a.m. ET, Dow e-minis 1YMcv1 were up 50 points, or 0.15%, S&P 500 e-minis EScv1 were up 13.5 points, or 0.34%, and Nasdaq 100 e-minis NQcv1 were up 63 points, or 0.54%.
U.S. stock markets logged strong gains in 2023 after a dismal last year on hopes that a moderation in inflationary pressures and some signs of cooling in the labor market could give the Fed cover to dial down the size of its interest rate hikes.
Wall Street's main indexes started the holiday-shortened week on a mixed note, with the Dow Jones Industrial Average .DJI snapping a four-day winning streak, while the Nasdaq .IXIC clocked seven straight sessions of gains, its longest since November 2021.
United Airlines Holdings Inc UAL.O rose 3.8% as it forecast at least a four-fold jump in full-year profit and reported fourth-quarter earnings that topped Wall Street estimates on robust travel demand.
Shares of other major carriers including American Airlines Group Inc AAL.O, Delta Air Lines Inc DAL.N and Southwest Airlines Co LUV.N rose between 1.6% and 2.2%.
IBM Corp IBM.N slipped 1.5% after Morgan Stanley downgraded the company's shares to "equal weight" from "overweight", citing slowing revenue growth.
PNC Financial Services Group Inc PNC.N fell 5.5% after the financial services firm missed estimates for fourth-quarter profit on weakness in its asset management business.
(Reporting by Shubham Batra, Shreyashi Sanyal and Amruta Khandekar in Bengaluru; Additional reporting by Ankika Biswas; Editing by Shounak Dasgupta)
((Shubham.Batra@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of other major carriers including American Airlines Group Inc AAL.O, Delta Air Lines Inc DAL.N and Southwest Airlines Co LUV.N rose between 1.6% and 2.2%. By Shreyashi Sanyal and Amruta Khandekar Jan 18 (Reuters) - Wall Street's main indexes eyed a higher open on Wednesday after a bigger-than-expected drop in December retail sales supported hopes of smaller rate hikes by the Federal Reserve, while gains in Tesla were set to boost the Nasdaq. Among stocks, Tesla Inc TSLA.O rose 3.8% in premarket trading, set to rise for the second straight session, as analysts noted the electric-vehicle maker's recent price cuts to top models gave it a competitive edge.
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Shares of other major carriers including American Airlines Group Inc AAL.O, Delta Air Lines Inc DAL.N and Southwest Airlines Co LUV.N rose between 1.6% and 2.2%. By Shreyashi Sanyal and Amruta Khandekar Jan 18 (Reuters) - Wall Street's main indexes eyed a higher open on Wednesday after a bigger-than-expected drop in December retail sales supported hopes of smaller rate hikes by the Federal Reserve, while gains in Tesla were set to boost the Nasdaq. United Airlines Holdings Inc UAL.O rose 3.8% as it forecast at least a four-fold jump in full-year profit and reported fourth-quarter earnings that topped Wall Street estimates on robust travel demand.
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Shares of other major carriers including American Airlines Group Inc AAL.O, Delta Air Lines Inc DAL.N and Southwest Airlines Co LUV.N rose between 1.6% and 2.2%. By Shreyashi Sanyal and Amruta Khandekar Jan 18 (Reuters) - Wall Street's main indexes eyed a higher open on Wednesday after a bigger-than-expected drop in December retail sales supported hopes of smaller rate hikes by the Federal Reserve, while gains in Tesla were set to boost the Nasdaq. Traders' bets of a 25-basis point rate hike by the Fed in February rose to 94.7% after the data, from 90.6% previously, with the terminal rate now seen at 4.88% by June.
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Shares of other major carriers including American Airlines Group Inc AAL.O, Delta Air Lines Inc DAL.N and Southwest Airlines Co LUV.N rose between 1.6% and 2.2%. By Shreyashi Sanyal and Amruta Khandekar Jan 18 (Reuters) - Wall Street's main indexes eyed a higher open on Wednesday after a bigger-than-expected drop in December retail sales supported hopes of smaller rate hikes by the Federal Reserve, while gains in Tesla were set to boost the Nasdaq. A reading from the Commerce Department showed retail sales fell 1.1% in December, compared with expectations of a 0.8% drop.
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2980.0
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2023-01-18 00:00:00 UTC
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Wednesday's ETF with Unusual Volume: XTN
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AAL
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https://www.nasdaq.com/articles/wednesdays-etf-with-unusual-volume%3A-xtn
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The SPDR S&P Transportation ETF is seeing unusually high volume in afternoon trading Wednesday, with over 1.1 million shares traded versus three month average volume of about 42,000. Shares of XTN were trading flat on the day.
Components of that ETF with the highest volume on Wednesday were American Airlines Group, trading down about 1.6% with over 28.6 million shares changing hands so far this session, and United Airlines Holdings, off about 3% on volume of over 23.3 million shares. Daseke is the component faring the best Wednesday, up by about 6.4% on the day, while Hawaiian Holdings is lagging other components of the SPDR S&P Transportation ETF, trading lower by about 5.5%.
VIDEO: Wednesday's ETF with Unusual Volume: XTN
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The SPDR S&P Transportation ETF is seeing unusually high volume in afternoon trading Wednesday, with over 1.1 million shares traded versus three month average volume of about 42,000. Components of that ETF with the highest volume on Wednesday were American Airlines Group, trading down about 1.6% with over 28.6 million shares changing hands so far this session, and United Airlines Holdings, off about 3% on volume of over 23.3 million shares. VIDEO: Wednesday's ETF with Unusual Volume: XTN The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The SPDR S&P Transportation ETF is seeing unusually high volume in afternoon trading Wednesday, with over 1.1 million shares traded versus three month average volume of about 42,000. Daseke is the component faring the best Wednesday, up by about 6.4% on the day, while Hawaiian Holdings is lagging other components of the SPDR S&P Transportation ETF, trading lower by about 5.5%. VIDEO: Wednesday's ETF with Unusual Volume: XTN The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The SPDR S&P Transportation ETF is seeing unusually high volume in afternoon trading Wednesday, with over 1.1 million shares traded versus three month average volume of about 42,000. Components of that ETF with the highest volume on Wednesday were American Airlines Group, trading down about 1.6% with over 28.6 million shares changing hands so far this session, and United Airlines Holdings, off about 3% on volume of over 23.3 million shares. Daseke is the component faring the best Wednesday, up by about 6.4% on the day, while Hawaiian Holdings is lagging other components of the SPDR S&P Transportation ETF, trading lower by about 5.5%.
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The SPDR S&P Transportation ETF is seeing unusually high volume in afternoon trading Wednesday, with over 1.1 million shares traded versus three month average volume of about 42,000. Shares of XTN were trading flat on the day. Components of that ETF with the highest volume on Wednesday were American Airlines Group, trading down about 1.6% with over 28.6 million shares changing hands so far this session, and United Airlines Holdings, off about 3% on volume of over 23.3 million shares.
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2023-01-18 00:00:00 UTC
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4 Sectors & Their ETFs Returning Double-Digits to Start 2023
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https://www.nasdaq.com/articles/4-sectors-their-etfs-returning-double-digits-to-start-2023
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Wall Street has been showing immense strength to start 2023 after the biggest annual loss since 2008 as easing inflation and hopes of the Fed’s slower rate hikes ahead has boosted risk-on trade sentiments. While the rally has been broad-based, a few sectors have been leading. Below we highlight those winning sectors and their ETFs.
Airlines
Re-opening of the Chinese economy, chances of a decline in oil prices on demand woes and slower increases in interest rates have bode well for the space. Moreover, American Airlines Group AAL raised its guidance for the recently completed quarter. Delta Air Lines’ (DAL) fourth-quarter 2022 earnings and revenues beat Zacks Consensus Estimates. However, delta’s guidance was weaker-than-expected.
U.S. Global Jets ETF JETS – Up 17.9%
Consumer Discretionary
Retail ETFs have been gaining momentum to start the New Year. Despite high inflation, holiday shopping season 2022 came in at decent. Online sales during the holiday season increased 3.5% year over year to $211.7 billion, according to Adobe Analytics, as record-high discounts and promotions led shoppers to indulge on shopping.
E-commerce made up 21.6% of total retail sales over the holidays this year, according to Mastercard SpendingPulse. It’s a small increase over the holiday seasons in 2021 and 2020, when e-commerce contributed 20.9% and 20.6% of total sales, respectively, but a significant jump from the same period in 2019 when it made up 14.6% of sales.
ProShares Online Retail ETF ONLN – Up 15.9%
Amplify Online Retail ETF IBUY – Up 15.1%
Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) – Up 11.7%
Clean Energy
Clean energy shares have been outperforming the fossil-fuel to start 2023. Growing awareness of geopolitical concerns and commodity-rich Russia’s war with Ukraine made the importance of clean energy even brighter.
Renewables should see more demand because they’re a cheap source of electricity. Activity is also building up in nations like China, Europe, the United States, Japan and India. China has already made a name for itself in this field. President Biden has expansionary plans for clean energy.
Invesco WilderHill Clean Energy ETF PBW – Up 15.0%
Genomics
According to analysts, growing demand for personalized medicine, solid investments and the rising per capita income; improving infrastructure and accessibility of health-care systems and therapies; rising affordability of advanced testing facilities & organizations, and higher R&D activities will soon make genomics the next big thing in the investing space (read: A Comprehensive Guide to Genomic ETFs).
ARK Genomic Revolution ETF ARKG – Up 14.7%
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Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Invesco WilderHill Clean Energy ETF (PBW): ETF Research Reports
U.S. Global Jets ETF (JETS): ETF Research Reports
Amplify Online Retail ETF (IBUY): ETF Research Reports
ARK Genomic Revolution ETF (ARKG): ETF Research Reports
ProShares Online Retail ETF (ONLN): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Moreover, American Airlines Group AAL raised its guidance for the recently completed quarter. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Invesco WilderHill Clean Energy ETF (PBW): ETF Research Reports U.S. Wall Street has been showing immense strength to start 2023 after the biggest annual loss since 2008 as easing inflation and hopes of the Fed’s slower rate hikes ahead has boosted risk-on trade sentiments.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Invesco WilderHill Clean Energy ETF (PBW): ETF Research Reports U.S. Moreover, American Airlines Group AAL raised its guidance for the recently completed quarter. ProShares Online Retail ETF ONLN – Up 15.9% Amplify Online Retail ETF IBUY – Up 15.1% Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) – Up 11.7% Clean Energy Clean energy shares have been outperforming the fossil-fuel to start 2023.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Invesco WilderHill Clean Energy ETF (PBW): ETF Research Reports U.S. Moreover, American Airlines Group AAL raised its guidance for the recently completed quarter. ProShares Online Retail ETF ONLN – Up 15.9% Amplify Online Retail ETF IBUY – Up 15.1% Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) – Up 11.7% Clean Energy Clean energy shares have been outperforming the fossil-fuel to start 2023.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Invesco WilderHill Clean Energy ETF (PBW): ETF Research Reports U.S. Moreover, American Airlines Group AAL raised its guidance for the recently completed quarter. ProShares Online Retail ETF ONLN – Up 15.9% Amplify Online Retail ETF IBUY – Up 15.1% Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) – Up 11.7% Clean Energy Clean energy shares have been outperforming the fossil-fuel to start 2023.
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2982.0
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2023-01-17 00:00:00 UTC
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Wednesday Predictions: 3 Hot Stocks for Tomorrow
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AAL
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https://www.nasdaq.com/articles/wednesday-predictions%3A-3-hot-stocks-for-tomorrow
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Now more than ever, it seems like investors are glued to the financial news. Not just because it’s interesting, but because we’ve been in a tough bear market for the past 12 months. It’s got investors wondering what’s happening today and what are the hot stocks for tomorrow.
With earnings season underway, focus on the Federal Reserve, and various economic reports, there’s seemingly more information now than ever.
Let’s look at a few names that are jumping out to us and what some of the hot stocks for tomorrow — Wednesday — may be.
Hot Stocks for Tomorrow: United Airlines (UAL)
Click to Enlarge
Source: Chart courtesy of TrendSpider
Airline stocks have been a huge focus from investors lately. Not only have the stocks been on fire over the last few weeks, but they are also reporting earnings. Interestingly, the stocks have done a miraculous job shaking off winter storm issues that the group — and especially Southwest Airlines (NYSE:LUV) — suffered near the holidays in December.
Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL) and American Airlines (NASDAQ:AAL) have all been scorching higher lately. American and United are both up more than 31% over the last month.
Last week, Delta reported a top- and bottom-line earnings beat. Revenue of $13.44 billion grew more than 40% year over year and beat expectations by more than $700 million. Yet, shares fell almost 8% at one point on disappointing guidance.
Will United Airlines suffer the same fate when it reports on Tuesday after the close?
The Chart: Regardless of what the company reports, its stock will be in focus on Wednesday. As for a look at the charts, shares of United Airlines have exploded over the past few weeks. Resetting back down to the 10-day moving average and the $45 to $46 breakout area wouldn’t be the worst thing to happen.
S&P 500 and Nasdaq (SPY, QQQ)
Click to Enlarge
Source: Chart courtesy of TrendSpider
Why would we have such a broad approach to the indices for Wednesday? The entire stock market will be in focus on Wednesday morning given the economic reports that are due up before the open and given the three Federal Reserve speakers on deck.
The Fed has had an outsized impact on stocks this year because it has raised interest rates so aggressively. That said, it has taken such a hawkish stance due to the relentless rise in inflation.
So not only will the Fed speakers be in focus, but so will the Producer Price Index (or PPI) report that is due at 8:30 a.m. ET. Also being released at 8:30? The December retail sales results.
All of this will provide us with a look into what’s going on “under the hood” of the economy. As a result, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) and Invesco QQQ Trust Series (NASDAQ:QQQ) will be on watch.
The Chart: A favorable reaction could open the door to last month’s and last quarter’s highs for the SPY ETF, near $410. An unfavorable reaction could tip momentum back in the sellers’ favor. As long as the SPY stays above $390 though, the bulls are in control.
Hot Stocks for Tomorrow: Eargo (EAR)
Source: Dmytro Zinkevych / Shutterstock.com
If you haven’t heard of Eargo (NASDAQ:EAR), don’t sweat it. It’s a company with a market capitalization of just over $200 million and is a hearing aid company based out of San Jose, CA.
In November, the stock made a 52-week low at 48 cents a share and has fallen considerably since its 2021 high. From the peak, shares are down about 99%.
Given those observations then, it may come as no surprise that the stock will undergo a reverse stock split. Set for Wednesday, EAR stock will proceed with a 1-for-20 stock split in hopes of rejuvenating its stock price and staying in compliance with the Nasdaq’s requirements.
The Chart: From a trading perspective, EAR stock is a no-touch, given its low volume, low price, and penny stock status. That said, shares rallied more than 66% over a few weeks span in November and December. Sometimes, traders look to trigger squeezes in stocks like this.
On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.
Read More: Penny Stocks — How to Profit Without Getting Scammed
On the date of publication, Bret Kenwell did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell.
The post Wednesday Predictions: 3 Hot Stocks for Tomorrow appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL) and American Airlines (NASDAQ:AAL) have all been scorching higher lately. Interestingly, the stocks have done a miraculous job shaking off winter storm issues that the group — and especially Southwest Airlines (NYSE:LUV) — suffered near the holidays in December. The entire stock market will be in focus on Wednesday morning given the economic reports that are due up before the open and given the three Federal Reserve speakers on deck.
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Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL) and American Airlines (NASDAQ:AAL) have all been scorching higher lately. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Now more than ever, it seems like investors are glued to the financial news. Click to Enlarge Source: Chart courtesy of TrendSpider Airline stocks have been a huge focus from investors lately.
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Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL) and American Airlines (NASDAQ:AAL) have all been scorching higher lately. Set for Wednesday, EAR stock will proceed with a 1-for-20 stock split in hopes of rejuvenating its stock price and staying in compliance with the Nasdaq’s requirements. The Chart: From a trading perspective, EAR stock is a no-touch, given its low volume, low price, and penny stock status.
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Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL) and American Airlines (NASDAQ:AAL) have all been scorching higher lately. The Chart: Regardless of what the company reports, its stock will be in focus on Wednesday. As for a look at the charts, shares of United Airlines have exploded over the past few weeks.
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2983.0
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2023-01-17 00:00:00 UTC
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What's in the Cards for Union Pacific (UNP) in Q4 Earnings?
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https://www.nasdaq.com/articles/whats-in-the-cards-for-union-pacific-unp-in-q4-earnings
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Union Pacific Corporation UNP is scheduled to report fourth-quarter 2022 results on Jan 24, before market open.
UNP has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in each of the preceding four quarters, the average beat being 2.81%.
Union Pacific Corporation Price and EPS Surprise
Union Pacific Corporation price-eps-surprise | Union Pacific Corporation Quote
Let’s see how things are shaping up for Union Pacific this earnings season.
Q4 Expectations
The Zacks Consensus Estimate for Union Pacific’s fourth-quarter 2022 revenues is pegged at $6.26 billion, indicating 9.25% growth year over year. The top line is likely to have been aided by an uptick in freight revenues. The Zacks Consensus Estimate for fourth-quarter freight revenues is pegged at $5.95 billion, indicating growth of 12.3% from the year-ago reported figure.
On the flip side, escalating operating expenses, primarily due to rising fuel prices, continue to bother Union Pacific’s bottom line. The Zacks Consensus Estimate for average fuel price per gallon consumed is pegged at $3.93, indicating growth of 55.3% from the year-ago reported figure. Also, the Zacks Consensus Estimate for UNP’s fourth-quarter 2022 earnings has been revised downward by 10.4% in the past 90 days.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Union Pacific this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Union Pacific has an Earnings ESP of -0.36% and a Zacks Rank #3.
Highlights of Q3
Union Pacific’s third-quarter 2022 earnings of $3.19 per share surpassed the Zacks Consensus Estimate of $3.06. Moreover, the bottom line increased 24.1% on a year-over-year basis.
Operating revenues of $6,566 million also beat the Zacks Consensus Estimate of $6,440.6 million. The top line climbed 18% on a year-over-year basis, owing to higher fuel surcharge revenues, volume growth and solid core pricing.
Stocks to Consider
Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their fourth-quarter 2022 earnings:
American Airlines AAL has an Earnings ESP of +5.86% and a Zacks Rank #2. AAL will release results on Jan 26. You can see the complete list of today’s Zacks #1 Rank stocks here.
American Airlines has an expected earnings growth rate of more than 100% for fourth-quarter 2022. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
The Zacks Consensus Estimate for AAL’s fourth-quarter 2022 earnings has been revised upward by more than 100% in the past 90 days.
Copa Holdings, S.A. CPA has an Earnings ESP of +13.89% and a Zacks Rank #3. CPA will release results on Feb 15.
Copa Holdings has an expected earnings growth rate of 89.9% for fourth-quarter 2022. CPA delivered a trailing four-quarter earnings surprise of 48.95%, on average.
The Zacks Consensus Estimate for CPA’s fourth-quarter 2022 earnings has been revised upward by 41.3% in the past 90 days.
Norfolk Southern Corporation NSC has an Earnings ESP of +0.55% and a Zacks Rank #3. NSC will release results on Jan 25.
NSC has an expected earnings growth rate of 9.29% for fourth-quarter 2022. `NSC delivered a trailing four-quarter earnings surprise of 4.06%, on average.
NSC has a long-term expected growth rate of 8.96%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation
Everyone uses semiconductors. But only a small number of people know what they are and what they do. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors. That’s why their importance can’t be overstated and their disruption in the supply chain has such a global effect. But every cloud has a silver lining. Shockwaves to the international supply chain from the global pandemic have unearthed a tremendous opportunity for investors. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. It's yours at no cost and with no obligation.
>>Yes, I Want to Help Protect My Portfolio During the Recession
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Union Pacific Corporation (UNP) : Free Stock Analysis Report
Norfolk Southern Corporation (NSC) : Free Stock Analysis Report
Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks to Consider Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their fourth-quarter 2022 earnings: American Airlines AAL has an Earnings ESP of +5.86% and a Zacks Rank #2. AAL will release results on Jan 26. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
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Click to get this free report Union Pacific Corporation (UNP) : Free Stock Analysis Report Norfolk Southern Corporation (NSC) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their fourth-quarter 2022 earnings: American Airlines AAL has an Earnings ESP of +5.86% and a Zacks Rank #2. AAL will release results on Jan 26.
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Stocks to Consider Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their fourth-quarter 2022 earnings: American Airlines AAL has an Earnings ESP of +5.86% and a Zacks Rank #2. Click to get this free report Union Pacific Corporation (UNP) : Free Stock Analysis Report Norfolk Southern Corporation (NSC) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL will release results on Jan 26.
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Stocks to Consider Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their fourth-quarter 2022 earnings: American Airlines AAL has an Earnings ESP of +5.86% and a Zacks Rank #2. AAL will release results on Jan 26. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
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2023-01-16 00:00:00 UTC
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ANALYSIS-Airlines face hurdles to cashing in on China re-opening
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https://www.nasdaq.com/articles/analysis-airlines-face-hurdles-to-cashing-in-on-china-re-opening
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By Allison Lampert, Jamie Freed and Doyinsola Oladipo
Jan 17 (Reuters) - U.S. and European airlines will benefit from pent-up demand for travel to China after its recent border reopening, but route approvals, fresh COVID-19 testing rules and not enough large aircraft remain barriers to rising sales, analysts and industry officials say.
Travel is returning to China, the world's largest outbound tourism market worth $255 billion in 2019, after the country ended mandatory quarantines on Jan. 8. Airfares from China are now 160% higher than before the pandemic, data from travel firm ForwardKeys shows, due to limited supply.
Iowa-based lawyer Jinying Zhan, 50, said he paid $1,600 for a one-way ticket in December to fly via Chicago and Dubai to Guangzhou.
"I haven't visited my family in three years, so I will go to the spring festival with my sisters," he said. "Flights were very expensive." Before the pandemic, he used to pay $1,000 to $1,500 for a round trip direct flight from Chicago.
A round-trip fare from San Francisco to Shanghai on United Airlines UAL.O for a week-long trip in early March costs $3,852 in economy class and $18,369 in business class, according to a Reuters search on the airline's website.
Global airlines are running only 11% of 2019 capacity levels to and from China in January, Cirium data shows, but the figure is expected to hit 25% by April.
Booking website Expedia EXPE.O said it saw U.S.-China and Europe-China searches double after the reopening announcement.
Chinese airlines, with ample staff and widebody planes, and a cost and time advantage of roughly two hours from flying a more direct route using Russian airspace, are expected to be early winners.
But U.S. and European airlines, which have focused traditionally on the strong business travel market to China, and often cater more to the preferences of Western passengers, are poised to benefit from companies willing to pay a premium to rekindle face-to-face ties.
Trips to China "are already on the books for many companies and travellers as they kick off a new business year," said Suzanne Neufang, chief executive of the Global Business Travel Association.
APPROVALS NEEDED
China's reopening comes as surging COVID infections have led the United States, Japan and others to require negative coronavirus tests from Chinese arrivals, discouraging travel.
Since regulatory approval from both countries is required to add flights, at a time of U.S.-China trade tensions, short-term capacity could be limited, industry sources said.
United, which had 584 flights to and from China in January 2019 according to Cirium, can now fly four times weekly from the U.S. to mainland China. United said it could add services pending government authorizations.
Since Jan. 4, Air China 601111.SS, Hainan Airlines 600221.SS and China Southern Airlines 600029.SS have filed schedules with the U.S. Department of Transportation proposing to increase flights to as much as daily on some routes.
"There are some things brewing," said U.S. Deputy Transportation Secretary Polly Trottenberg, but gave no further details on U.S. carriers adding more Chinese flights.
Foreign carriers seeking to add flights to China require approvals from the Civil Aviation Administration of China, which did not respond to a request for comment.
Delta Air Lines DAL.N expects to cautiously "rebuild capacity to China in line with demand starting later this year," President Glen Hauenstein said when the company reported quarterly results.
China, which accounted for about 5% to 6% of long-haul travel from Europe in 2019, is also a key market for some European carriers including Germany's Lufthansa LHAG.DE, Bernstein analyst Alex Irving said.
But European and U.S. carriers may prioritize their widebody planes for lucrative trans-Atlantic travel this summer, leaving them stretched to accommodate fresh demand for China, said George Dimitroff, an analyst with Cirium.
Many Western airlines parked large planes when international traffic plunged and production of new twin-aisle jets has been limited.
China-US air travelhttps://tmsnrt.rs/3k3SSFA
China-Europe air travel https://tmsnrt.rs/3Zttrxy
(Reporting By Allison Lampert in Montreal, Jamie Freed in Sydney and Doyinsola Oladipo in New York; additional reporting by David Shepardson in Washington, Sophie Yu in Beijing, Nathan Gomes in Bangalore, Ilona Wissenbach in Frankfurt, Joanna Plucinska in London; editing by Ben Klayman and Chris Sanders)
((Jamie.Freed@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Allison Lampert, Jamie Freed and Doyinsola Oladipo Jan 17 (Reuters) - U.S. and European airlines will benefit from pent-up demand for travel to China after its recent border reopening, but route approvals, fresh COVID-19 testing rules and not enough large aircraft remain barriers to rising sales, analysts and industry officials say. But U.S. and European airlines, which have focused traditionally on the strong business travel market to China, and often cater more to the preferences of Western passengers, are poised to benefit from companies willing to pay a premium to rekindle face-to-face ties. China-US air travelhttps://tmsnrt.rs/3k3SSFA China-Europe air travel https://tmsnrt.rs/3Zttrxy (Reporting By Allison Lampert in Montreal, Jamie Freed in Sydney and Doyinsola Oladipo in New York; additional reporting by David Shepardson in Washington, Sophie Yu in Beijing, Nathan Gomes in Bangalore, Ilona Wissenbach in Frankfurt, Joanna Plucinska in London; editing by Ben Klayman and Chris Sanders) ((Jamie.Freed@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Allison Lampert, Jamie Freed and Doyinsola Oladipo Jan 17 (Reuters) - U.S. and European airlines will benefit from pent-up demand for travel to China after its recent border reopening, but route approvals, fresh COVID-19 testing rules and not enough large aircraft remain barriers to rising sales, analysts and industry officials say. A round-trip fare from San Francisco to Shanghai on United Airlines UAL.O for a week-long trip in early March costs $3,852 in economy class and $18,369 in business class, according to a Reuters search on the airline's website. China-US air travelhttps://tmsnrt.rs/3k3SSFA China-Europe air travel https://tmsnrt.rs/3Zttrxy (Reporting By Allison Lampert in Montreal, Jamie Freed in Sydney and Doyinsola Oladipo in New York; additional reporting by David Shepardson in Washington, Sophie Yu in Beijing, Nathan Gomes in Bangalore, Ilona Wissenbach in Frankfurt, Joanna Plucinska in London; editing by Ben Klayman and Chris Sanders) ((Jamie.Freed@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Allison Lampert, Jamie Freed and Doyinsola Oladipo Jan 17 (Reuters) - U.S. and European airlines will benefit from pent-up demand for travel to China after its recent border reopening, but route approvals, fresh COVID-19 testing rules and not enough large aircraft remain barriers to rising sales, analysts and industry officials say. United, which had 584 flights to and from China in January 2019 according to Cirium, can now fly four times weekly from the U.S. to mainland China. Since Jan. 4, Air China 601111.SS, Hainan Airlines 600221.SS and China Southern Airlines 600029.SS have filed schedules with the U.S. Department of Transportation proposing to increase flights to as much as daily on some routes.
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By Allison Lampert, Jamie Freed and Doyinsola Oladipo Jan 17 (Reuters) - U.S. and European airlines will benefit from pent-up demand for travel to China after its recent border reopening, but route approvals, fresh COVID-19 testing rules and not enough large aircraft remain barriers to rising sales, analysts and industry officials say. A round-trip fare from San Francisco to Shanghai on United Airlines UAL.O for a week-long trip in early March costs $3,852 in economy class and $18,369 in business class, according to a Reuters search on the airline's website. United, which had 584 flights to and from China in January 2019 according to Cirium, can now fly four times weekly from the U.S. to mainland China.
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2023-01-16 00:00:00 UTC
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5 Top ETF Zones Beating the Market to Start 2023
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AAL
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https://www.nasdaq.com/articles/5-top-etf-zones-beating-the-market-to-start-2023
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nan
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nan
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After the biggest annual loss since 2008, Wall Street staged a strong rally at the start of 2023 on hopes of easing inflation and the Fed’s slower rate hike path.
A few corners of the stock market are outperforming. Valkyrie Bitcoin Miners ETF WGMI, Online Retail ETF ONLN, U.S. Global Jets ETF JETS, Global X Copper Miners ETF COPX and Invesco WilderHill Clean Energy ETF PBW have gained in double digits in the first couple of weeks of the New Year.
Inflation is easing and consumer confidence is rising, reflecting that the stock market will likely move higher. U.S. consumer prices unexpectedly fell for the first time in more than two-and-a half years in December. The consumer price index dipped 0.1% in December after gaining 0.1% in November. It rose 6.5% year over year in December, down from a 7.1% year-over-year increase in November and a recent peak of 9.1% in June. The annual inflation growth was the smallest rise since October 2021 and has put the Federal Reserve on track to again slow the pace of interest-rate hikes.
Americans are regaining confidence in the U.S. economy, with sentiment bouncing back in December and January and reversing consecutive declines in October and November. The US Michigan consumer sentiment survey hit a nine-month high of 64.6 in January, up from 59.7 in December.
The latest job report has added to the strength. The United States added 223,000 jobs in December and the unemployment rate fell to 3.5%, matching a 50-decade low. However, wage growth lost momentum, which gave investors hope that the Fed can ease off on its interest-rate increases. All these factors have boosted investors’ risk appetite (read: 6 Sector ETFs That Show Promise After December Jobs Data).
ETFs in Focus
We have profiled the above-mentioned ETFs in detail below:
Technology
Tech sector is outperforming at the start of 2023. Hopes of the Fed soon wrapping up its inflation-fighting campaign and cooling inflation has compelled investors to buy beaten-up technology stocks. Valkyrie Bitcoin Miners ETF is leading the way, gaining 74.3%. It is an actively managed ETF that will invest at least 80% of its net assets (plus borrowings for investment purposes) in securities of companies that derive at least 50% of their revenues or profits from bitcoin mining operations and/or from providing specialized chips, hardware and software or other services to companies engaged in bitcoin mining. Valkyrie Bitcoin Miners ETF holds 25 stocks in its basket with an expense ratio of 0.75% (read: 5 Tech ETFs Riding High on Sectors' Comeback to Start 2023).
Valkyrie Bitcoin Miners ETF has amassed $2 million in its asset base while trading in an average daily volume of 8,000 shares.
Retail
The Retail sector has been rising as online holiday sales hit a record high buoyed by heavy discounts, which persuaded shoppers to spend on everything from toys to electronics amid the rising inflation environment. ProShares Online Retail ETF has risen 18%. It offers exposure to companies that principally sell online or through other non-store channels and then zeros in on the companies that reshape the retail space. ProShares Online Retail ETF tracks the ProShares Online Retail Index, holding 25 stocks in its basket. ONLN is highly concentrated on the top two firms, while the other firms hold no more than 6.5% of the assets. American firms make up 69.6% of the portfolio, while Chinese firms account for 21.2% share.
ProShares Online Retail ETF has accumulated $144.8 million in its asset base and charges 58 bps in annual fees. ONLN trades in an average daily volume of 73,000 shares (read: Online Holiday Sales Hit Record High: 5 ETFs to Tap).
Airline
Airline ETF got a boost following earnings releases from Delta Airlines DAL and American Airlines AAL. Both air carriers are optimistic about the company’s growth prospects, given robust demand and high airfares. U.S. Global Jets ETF climbed 18.1% in the first two weeks. It provides exposure to the global airline industry, including airline operators and manufacturers from all over the world by tracking the U.S. Global Jets Index. U.S. Global Jets ETF holds 50 securities and charges 60 bps in annual fees.
U.S. Global Jets ETF has gathered $2.1 billion in its asset base while seeing a heavy trading volume of nearly 3 million shares a day. JETS has a Zacks ETF Rank #3 (Hold) with a High risk outlook.
Copper
Copper has been regaining momentum fueled by hopes of a rebound in demand from China and weakness in the U.S. dollar. The red metal has surged past $9,000 per metric ton for the first time since June 2022. Global X Copper Miners ETF offers global access to a broad range of copper mining companies. It tracks the Solactive Global Copper Miners Total Return Index and holds 48 stocks in its basket. Canadian firms take the largest share at 28.8%, while Australia and the United States round off the next two spots (read: ETFs to Buy as Copper Price Rises).
Global X Copper Miners ETF has managed $1.9 billion in its asset base while charging 65 bps in fees per year. It trades in a good volume of 482,000 shares a day on average and has gained 15.9%.
Clean Energy
Optimism surrounding the stock market has raised the appeal for this high beta sector. The Inflation Reduction Act passed last year will infuse billions into incentivizing clean energy technology development and deployment in the United States. This, in turn, will benefit solar panel makers, fuel cell manufacturers and energy storage companies. Invesco WilderHill Clean Energy ETF offers exposure to companies that are publicly traded in the United States and engaged in the business of advancement of cleaner energy and conservation. It follows the WilderHill Clean Energy Index and holds 76 stocks in its basket.
Invesco WilderHill Clean Energy ETF has amassed $821.8 million in its asset base and trades in a solid volume of around 368,000 shares a day. It charges investors 62 bps in fees per year and is up about 16% in the initial days of 2023.
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Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Invesco WilderHill Clean Energy ETF (PBW): ETF Research Reports
U.S. Global Jets ETF (JETS): ETF Research Reports
Global X Copper Miners ETF (COPX): ETF Research Reports
ProShares Online Retail ETF (ONLN): ETF Research Reports
Valkyrie Bitcoin Miners ETF (WGMI): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Airline Airline ETF got a boost following earnings releases from Delta Airlines DAL and American Airlines AAL. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Invesco WilderHill Clean Energy ETF (PBW): ETF Research Reports U.S. After the biggest annual loss since 2008, Wall Street staged a strong rally at the start of 2023 on hopes of easing inflation and the Fed’s slower rate hike path.
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Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Invesco WilderHill Clean Energy ETF (PBW): ETF Research Reports U.S. Airline Airline ETF got a boost following earnings releases from Delta Airlines DAL and American Airlines AAL. Global Jets ETF JETS, Global X Copper Miners ETF COPX and Invesco WilderHill Clean Energy ETF PBW have gained in double digits in the first couple of weeks of the New Year.
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Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Invesco WilderHill Clean Energy ETF (PBW): ETF Research Reports U.S. Airline Airline ETF got a boost following earnings releases from Delta Airlines DAL and American Airlines AAL. Global Jets ETF JETS, Global X Copper Miners ETF COPX and Invesco WilderHill Clean Energy ETF PBW have gained in double digits in the first couple of weeks of the New Year.
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Airline Airline ETF got a boost following earnings releases from Delta Airlines DAL and American Airlines AAL. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Invesco WilderHill Clean Energy ETF (PBW): ETF Research Reports U.S. Valkyrie Bitcoin Miners ETF holds 25 stocks in its basket with an expense ratio of 0.75% (read: 5 Tech ETFs Riding High on Sectors' Comeback to Start 2023).
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2986.0
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2023-01-16 00:00:00 UTC
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Earnings Season Continues With Big Banks
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AAL
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https://www.nasdaq.com/articles/earnings-season-continues-with-big-banks
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nan
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nan
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With the stock markets closed in observance of what would have been Dr. Martin Luther King, Jr’s 94th birthday (yesterday), we take this opportunity to look forward toward what’s most important on the investment agenda. It turns out there’s a lot for this holiday-shortened week, from main economic prints to big names bringing forth Q4 earnings results.
Perhaps the biggest of these economic reports this week comes on Wednesday, when Retail Sales for December is released. There are few more direct inflation metrics than monthly retail sales, and we are expecting a -1.0% downtick for last month, following a -0.6% drop the month before. Also, the final Producer Price Index (PPI) for December is also out Wednesday, expected to come in at -0.1% from a previous +0.3%.
And that’s only for starters: the Empire State manufacturing survey is expected tomorrow, and Industrial Production/Capacity Utilization is on Wednesday. Then the Philly Fed survey gets to us on Thursday, for a decent swath of our Manufacturing picture all told, both regionally and throughout the country. For Housing, there’s the Homebuilders Index Wednesday, Starts and Permits on Thursday and Existing Home Sales Friday. Employment gets registered by Thursday’s Weekly Jobless Claims and Continuing Claims.
This is before mentioning Q4 earnings season, which continues to roll forward before the spigot opens wide next week: Wall Street investment houses Goldman Sachs GS and Morgan Stanley MS are tomorrow, airline United UAL and American AAL are Tuesday and Thursday, respectively, Procter & Gamble PG is Thursday as well, as is streaming giant Netflix NFLX. One could say this will be a full week.
We’ll also hear from some voting members of the Federal Open Market Committee ahead of the next Fed meeting, which starts two weeks from tomorrow. There is a blackout period in the week before the Fed meets to decide new interest rate levels, so if there is anything pertinent, it’s likely to come out this week, also. We’ve already heard our first considerations last week that a 25 bps rate hike might be in the cards February 1st, rather than the 50 bps we say last meeting, or the 75 bps in the previous four.
Markets are up nicely over the past five sessions, led by the small-cap Russell 2000, which has gained +4.9% over that stretch. The tech-heavy Nasdaq is +3.9% during the same time period, followed by the S&P 500 at +2.3%. Pulling up the rear is the blue-chip Dow Jones, which outperformed all major indices in 2022, +1.7% over the last five trading days. These economic and Q4 earnings reports will have a lot to say about where these trajectories are headed.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report
Morgan Stanley (MS) : Free Stock Analysis Report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
Netflix, Inc. (NFLX) : Free Stock Analysis Report
Procter & Gamble Company The (PG) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This is before mentioning Q4 earnings season, which continues to roll forward before the spigot opens wide next week: Wall Street investment houses Goldman Sachs GS and Morgan Stanley MS are tomorrow, airline United UAL and American AAL are Tuesday and Thursday, respectively, Procter & Gamble PG is Thursday as well, as is streaming giant Netflix NFLX. Click to get this free report The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report Morgan Stanley (MS) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Procter & Gamble Company The (PG) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. With the stock markets closed in observance of what would have been Dr. Martin Luther King, Jr’s 94th birthday (yesterday), we take this opportunity to look forward toward what’s most important on the investment agenda.
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This is before mentioning Q4 earnings season, which continues to roll forward before the spigot opens wide next week: Wall Street investment houses Goldman Sachs GS and Morgan Stanley MS are tomorrow, airline United UAL and American AAL are Tuesday and Thursday, respectively, Procter & Gamble PG is Thursday as well, as is streaming giant Netflix NFLX. Click to get this free report The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report Morgan Stanley (MS) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Procter & Gamble Company The (PG) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Perhaps the biggest of these economic reports this week comes on Wednesday, when Retail Sales for December is released.
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This is before mentioning Q4 earnings season, which continues to roll forward before the spigot opens wide next week: Wall Street investment houses Goldman Sachs GS and Morgan Stanley MS are tomorrow, airline United UAL and American AAL are Tuesday and Thursday, respectively, Procter & Gamble PG is Thursday as well, as is streaming giant Netflix NFLX. Click to get this free report The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report Morgan Stanley (MS) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Procter & Gamble Company The (PG) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. There is a blackout period in the week before the Fed meets to decide new interest rate levels, so if there is anything pertinent, it’s likely to come out this week, also.
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This is before mentioning Q4 earnings season, which continues to roll forward before the spigot opens wide next week: Wall Street investment houses Goldman Sachs GS and Morgan Stanley MS are tomorrow, airline United UAL and American AAL are Tuesday and Thursday, respectively, Procter & Gamble PG is Thursday as well, as is streaming giant Netflix NFLX. Click to get this free report The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report Morgan Stanley (MS) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Procter & Gamble Company The (PG) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Perhaps the biggest of these economic reports this week comes on Wednesday, when Retail Sales for December is released.
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2987.0
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2023-01-16 00:00:00 UTC
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Canadian Pacific (CP) Announces Tentative Deal With Unifor
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AAL
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https://www.nasdaq.com/articles/canadian-pacific-cp-announces-tentative-deal-with-unifor
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nan
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Canadian Pacific Railway Limited CPrecently announced that it has entered into a tentative collective deal with Unifor on a new contract for mechanical employees in Canada.
Further details of the tentative collective deal will not be available until the final approval. The earlier collective agreement expired on Dec 31, 2022.
Unifor represents nearly 1,200 of Canadian Pacific’s mechanical employees who are engaged in maintaining rail cars and locomotives.
Keith Creel, president and chief executive officer of Canadian Pacific, stated, "We thank Unifor for working collaboratively with us throughout this process.” He further added, "CP is proud to have reached another tentative collective agreement with a valued union partner. This tentative agreement is a testament to the hard work, collaboration and commitment of both sides."
Shares of Canadian Pacific have gained 10.8% over the past six months, outperforming the 7.9% rise of the industry it belongs to.
Image Source: Zacks Investment Research
Zacks Rank and Stocks to Consider
Currently, Canadian Pacific carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A.GOL. While Teekay Tankers presently sports a Zacks Rank #1(Strong Buy), American Airlines and Gol Linhas currently carry a Zacks Rank #2 (Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.
AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
The Zacks Consensus Estimate for AAL’s current-year earnings has improved 19.3% over the past 90 days. Shares of AAL have gained 17% over the past six months.
Teekay Tankers has an expected earnings growth rate of 143.11% for the current year. TNK delivered a trailing four-quarter earnings surprise of 42.23%, on average. Teekay Tankers has a long-term expected growth rate of 3%.
The Zacks Consensus Estimate for TNK’s current-year earnings has improved more than 100% over the past 90 days. Shares of TNK have soared 58.9% over the past six months.
Gol Linhas has an expected earnings growth rate of 50.9% for the current year.
Shares of GOL have gained 4.3% over the past six months.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report
Canadian Pacific Railway Limited (CP) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A.GOL. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
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Click to get this free report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report Canadian Pacific Railway Limited (CP) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A.GOL. AAL has an expected earnings growth rate of more than 100% for the current year.
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Click to get this free report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report Canadian Pacific Railway Limited (CP) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A.GOL. AAL has an expected earnings growth rate of more than 100% for the current year.
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The Zacks Consensus Estimate for AAL’s current-year earnings has improved 19.3% over the past 90 days. Some better-ranked stocks from the broader Zacks Transportation sector are American Airlines (AAL), Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A.GOL. AAL has an expected earnings growth rate of more than 100% for the current year.
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2988.0
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2023-01-16 00:00:00 UTC
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On MLK Day, Taking Stock of the Stock Market
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AAL
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https://www.nasdaq.com/articles/on-mlk-day-taking-stock-of-the-stock-market
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nan
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nan
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Monday, January 16th, 2023
With the stock markets closed in observance of what would have been Dr. Martin Luther King, Jr’s 94th birthday (yesterday), we take this opportunity to look forward toward what’s most important on the investment agenda. It turns out there’s a lot for this holiday-shortened week, from main economic prints to big names bringing forth Q4 earnings results.
Perhaps the biggest of these economic reports this week comes on Wednesday, when Retail Sales for December is released. There are few more direct inflation metrics than monthly retail sales, and we are expecting a -1.0% downtick for last month, following a -0.6% drop the month before. Also, the final Producer Price Index (PPI) for December is also out Wednesday, expected to come in at -0.1% from a previous +0.3%.
And that’s only for starters: the Empire State manufacturing survey is expected tomorrow, and Industrial Production/Capacity Utilization is on Wednesday. Then the Philly Fed survey gets to us on Thursday, for a decent swath of our Manufacturing picture all told, both regionally and throughout the country. For Housing, there’s the Homebuilders Index Wednesday, Starts and Permits on Thursday and Existing Home Sales Friday. Employment gets registered by Thursday’s Weekly Jobless Claims and Continuing Claims.
This is before mentioning Q4 earnings season, which continues to roll forward before the spigot opens wide next week: Wall Street investment houses Goldman Sachs GS and Morgan Stanley MS are tomorrow, airline United UAL and American AAL are Tuesday and Thursday, respectively, Procter & Gamble PG is Thursday as well, as is streaming giant Netflix NFLX. One could say this will be a full week.
We’ll also hear from some voting members of the Federal Open Market Committee ahead of the next Fed meeting, which starts two weeks from tomorrow. There is a blackout period in the week before the Fed meets to decide new interest rate levels, so if there is anything pertinent, it’s likely to come out this week, also. We’ve already heard our first considerations last week that a 25 bps rate hike might be in the cards February 1st, rather than the 50 bps we say last meeting, or the 75 bps in the previous four.
Markets are up nicely over the past five sessions, led by the small-cap Russell 2000, which has gained +4.9% over that stretch. The tech-heavy Nasdaq is +3.9% during the same time period, followed by the S&P 500 at +2.3%. Pulling up the rear is the blue-chip Dow Jones, which outperformed all major indices in 2022, +1.7% over the last five trading days. These economic and Q4 earnings reports will have a lot to say about where these trajectories are headed.
Questions or comments about this article and/or its author? Click here>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report
Morgan Stanley (MS) : Free Stock Analysis Report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
Netflix, Inc. (NFLX) : Free Stock Analysis Report
Procter & Gamble Company The (PG) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
This is before mentioning Q4 earnings season, which continues to roll forward before the spigot opens wide next week: Wall Street investment houses Goldman Sachs GS and Morgan Stanley MS are tomorrow, airline United UAL and American AAL are Tuesday and Thursday, respectively, Procter & Gamble PG is Thursday as well, as is streaming giant Netflix NFLX. Click to get this free report The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report Morgan Stanley (MS) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Procter & Gamble Company The (PG) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. With the stock markets closed in observance of what would have been Dr. Martin Luther King, Jr’s 94th birthday (yesterday), we take this opportunity to look forward toward what’s most important on the investment agenda.
|
This is before mentioning Q4 earnings season, which continues to roll forward before the spigot opens wide next week: Wall Street investment houses Goldman Sachs GS and Morgan Stanley MS are tomorrow, airline United UAL and American AAL are Tuesday and Thursday, respectively, Procter & Gamble PG is Thursday as well, as is streaming giant Netflix NFLX. Click to get this free report The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report Morgan Stanley (MS) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Procter & Gamble Company The (PG) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research Want the latest recommendations from Zacks Investment Research?
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This is before mentioning Q4 earnings season, which continues to roll forward before the spigot opens wide next week: Wall Street investment houses Goldman Sachs GS and Morgan Stanley MS are tomorrow, airline United UAL and American AAL are Tuesday and Thursday, respectively, Procter & Gamble PG is Thursday as well, as is streaming giant Netflix NFLX. Click to get this free report The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report Morgan Stanley (MS) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Procter & Gamble Company The (PG) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Perhaps the biggest of these economic reports this week comes on Wednesday, when Retail Sales for December is released.
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Click to get this free report The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report Morgan Stanley (MS) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Procter & Gamble Company The (PG) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. This is before mentioning Q4 earnings season, which continues to roll forward before the spigot opens wide next week: Wall Street investment houses Goldman Sachs GS and Morgan Stanley MS are tomorrow, airline United UAL and American AAL are Tuesday and Thursday, respectively, Procter & Gamble PG is Thursday as well, as is streaming giant Netflix NFLX. Perhaps the biggest of these economic reports this week comes on Wednesday, when Retail Sales for December is released.
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2989.0
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2023-01-13 00:00:00 UTC
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Company News for Jan 13, 2023
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AAL
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https://www.nasdaq.com/articles/company-news-for-jan-13-2023
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nan
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nan
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Shares of KB Home KBH tanked 2.9% after the company reported fourth-quarter fiscal 2022 adjusted earnings per share of $2.47, missing the Zacks Consensus Estimate of $2.85.
Shares of American Airlines Group Inc. AAL jumped 9.7% after the company announced that its fourth quarter profit is likely to be higher than expectation.
The Walt Disney Co.’s DIS shares surged 3.6% after the company appointed Mike Parker as its new Chairman.
Logitech International S.A.’s LOGI shares plunged 16.9% after the company posted disappointing preliminary earnings and revenue data for the third quarter of fiscal 2023.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Logitech International S.A. (LOGI) : Free Stock Analysis Report
The Walt Disney Company (DIS) : Free Stock Analysis Report
KB Home (KBH) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of American Airlines Group Inc. AAL jumped 9.7% after the company announced that its fourth quarter profit is likely to be higher than expectation. Click to get this free report Logitech International S.A. (LOGI) : Free Stock Analysis Report The Walt Disney Company (DIS) : Free Stock Analysis Report KB Home (KBH) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Logitech International S.A.’s LOGI shares plunged 16.9% after the company posted disappointing preliminary earnings and revenue data for the third quarter of fiscal 2023.
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Shares of American Airlines Group Inc. AAL jumped 9.7% after the company announced that its fourth quarter profit is likely to be higher than expectation. Click to get this free report Logitech International S.A. (LOGI) : Free Stock Analysis Report The Walt Disney Company (DIS) : Free Stock Analysis Report KB Home (KBH) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Shares of KB Home KBH tanked 2.9% after the company reported fourth-quarter fiscal 2022 adjusted earnings per share of $2.47, missing the Zacks Consensus Estimate of $2.85.
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Click to get this free report Logitech International S.A. (LOGI) : Free Stock Analysis Report The Walt Disney Company (DIS) : Free Stock Analysis Report KB Home (KBH) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Shares of American Airlines Group Inc. AAL jumped 9.7% after the company announced that its fourth quarter profit is likely to be higher than expectation. Shares of KB Home KBH tanked 2.9% after the company reported fourth-quarter fiscal 2022 adjusted earnings per share of $2.47, missing the Zacks Consensus Estimate of $2.85.
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Click to get this free report Logitech International S.A. (LOGI) : Free Stock Analysis Report The Walt Disney Company (DIS) : Free Stock Analysis Report KB Home (KBH) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Shares of American Airlines Group Inc. AAL jumped 9.7% after the company announced that its fourth quarter profit is likely to be higher than expectation. Shares of KB Home KBH tanked 2.9% after the company reported fourth-quarter fiscal 2022 adjusted earnings per share of $2.47, missing the Zacks Consensus Estimate of $2.85.
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2990.0
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2023-01-13 00:00:00 UTC
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U.S. lawmakers call FAA outage 'unacceptable,' demand a fix
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AAL
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https://www.nasdaq.com/articles/u.s.-lawmakers-call-faa-outage-unacceptable-demand-a-fix
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nan
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nan
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By David Shepardson
WASHINGTON, Jan 13 (Reuters) - A group of more than 120 U.S. lawmakers told the Federal Aviation Administration's (FAA) its computer outage on Wednesday that disrupted 11,000 flights was "completely unacceptable" and demanded the agency explain how it will avoid future incidents.
House Transportation Committee Chair Sam Graves and the top Democrat on the panel Rick Larsen said in a Friday letter from committee and other House colleagues to Transportation Secretary Pete Buttigieg that they intend to "conduct vigorous oversight of the Department of Transportation’s plan to prevent these disruptions from occurring again."
Lawmakers want details of what went wrong with a pilot messaging database that led to the first nationwide grounding of departing flights since the Sept. 11, 2001, attacks.
They want Buttigieg to provide an "estimated cost to commercial airlines and passengers due to the delays resulting from the outage" even though Buttigieg has said the government will not compensate passengers for delays caused by an FAA computer issue.
The House lawmakers want a briefing and detailed responses to questions including about the causes of the system failure, the FAA’s response to the problem and the redundancy built into the system.
Buttigieg's office and the FAA did not immediately comment on Friday.
On Thursday, the FAA said its preliminary analysis showed the computer outage was caused by a procedural error related to a corrupted data file. The FAA has not answered questions about the specifics of the problem.
Separately, a senior aide to Senate Commerce Committee Chair Maria Cantwell on Friday asked the FAA for a briefing by Jan. 20 on the outage of the Notice to Air Missions (NOTAM) database, according to an email seen by Reuters.
The email said Acting FAA Administrator Billy Nolen on Wednesday held a conference call with airlines advising individual carriers and pilots they could choose whether or not to fly despite the NOTAM system outage.
"Why were airlines put in a position where they could have the option of choosing to operate when the NOTAM system was down?" the email asked.
The Senate committee email also said it appears the groundstop actually lasted from 7:21 a.m. ET to 10:06 a.m. ET but Buttigieg has said it was lifted after 90 minutes.
"When Sec. Buttigieg tweeted at approximately 8:50am that the groundstop had been lifted, was the NOTAM system full operational at that point?"
Earlier on Friday, Delta Air Lines DAL.N Chief Executive Ed Bastian said the incident showed the FAA needs more funding to address legacy computer issues.
The Senate email asked "what additional resources does FAA need to expeditiously update the NOTAM system?"
The House letter noted the FAA’s most recent budget request included nearly $30 million to replace "vintage hardware" that currently supports the system that failed.
"Coupled with this week’s failure, significant questions are raised about how long these issues have existed and what is needed to prevent such issues from occurring again," the House letter said.
(Reporting by David Shepardson; Editing by Diane Craft and Tom Hogue)
((David.Shepardson@thomsonreuters.com; 2028988324;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By David Shepardson WASHINGTON, Jan 13 (Reuters) - A group of more than 120 U.S. lawmakers told the Federal Aviation Administration's (FAA) its computer outage on Wednesday that disrupted 11,000 flights was "completely unacceptable" and demanded the agency explain how it will avoid future incidents. Separately, a senior aide to Senate Commerce Committee Chair Maria Cantwell on Friday asked the FAA for a briefing by Jan. 20 on the outage of the Notice to Air Missions (NOTAM) database, according to an email seen by Reuters. The email said Acting FAA Administrator Billy Nolen on Wednesday held a conference call with airlines advising individual carriers and pilots they could choose whether or not to fly despite the NOTAM system outage.
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By David Shepardson WASHINGTON, Jan 13 (Reuters) - A group of more than 120 U.S. lawmakers told the Federal Aviation Administration's (FAA) its computer outage on Wednesday that disrupted 11,000 flights was "completely unacceptable" and demanded the agency explain how it will avoid future incidents. House Transportation Committee Chair Sam Graves and the top Democrat on the panel Rick Larsen said in a Friday letter from committee and other House colleagues to Transportation Secretary Pete Buttigieg that they intend to "conduct vigorous oversight of the Department of Transportation’s plan to prevent these disruptions from occurring again." The House lawmakers want a briefing and detailed responses to questions including about the causes of the system failure, the FAA’s response to the problem and the redundancy built into the system.
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House Transportation Committee Chair Sam Graves and the top Democrat on the panel Rick Larsen said in a Friday letter from committee and other House colleagues to Transportation Secretary Pete Buttigieg that they intend to "conduct vigorous oversight of the Department of Transportation’s plan to prevent these disruptions from occurring again." They want Buttigieg to provide an "estimated cost to commercial airlines and passengers due to the delays resulting from the outage" even though Buttigieg has said the government will not compensate passengers for delays caused by an FAA computer issue. Separately, a senior aide to Senate Commerce Committee Chair Maria Cantwell on Friday asked the FAA for a briefing by Jan. 20 on the outage of the Notice to Air Missions (NOTAM) database, according to an email seen by Reuters.
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The House lawmakers want a briefing and detailed responses to questions including about the causes of the system failure, the FAA’s response to the problem and the redundancy built into the system. The email said Acting FAA Administrator Billy Nolen on Wednesday held a conference call with airlines advising individual carriers and pilots they could choose whether or not to fly despite the NOTAM system outage. The Senate committee email also said it appears the groundstop actually lasted from 7:21 a.m.
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2991.0
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2023-01-13 00:00:00 UTC
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U.S. lawmakers call FAA outage 'unacceptable,' demand fix plan
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AAL
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https://www.nasdaq.com/articles/u.s.-lawmakers-call-faa-outage-unacceptable-demand-fix-plan
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nan
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nan
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WASHINGTON, Jan 13 (Reuters) - A group of more than 120 U.S. lawmakers told the Federal Aviation Administration's (FAA) its computer outage Wednesday that disrupted 11,000 flights is "completely unacceptable" and demanded the agency explain how it will avoid future incidents.
House Transportation Committee Chair Sam Graves and the top Democrat on the panel Rick Larsen said in a letter to Transportation Secretary Pete Buttigieg the panel intends to "conduct vigorous oversight of the Department of Transportation’s plan to prevent these disruptions from occurring again."
Lawmakers want details of what went wrong with a pilot messaging database that led to the first nationwide grounding of departing flights since the Sept. 11, 2001 attacks. They want Buttigieg to provide an "estimated cost to commercial airlines and passengers due to the delays resulting from the outage."
(Reporting by David Shepardson; editing by Diane Craft)
((David.Shepardson@thomsonreuters.com; 2028988324;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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WASHINGTON, Jan 13 (Reuters) - A group of more than 120 U.S. lawmakers told the Federal Aviation Administration's (FAA) its computer outage Wednesday that disrupted 11,000 flights is "completely unacceptable" and demanded the agency explain how it will avoid future incidents. Lawmakers want details of what went wrong with a pilot messaging database that led to the first nationwide grounding of departing flights since the Sept. 11, 2001 attacks. They want Buttigieg to provide an "estimated cost to commercial airlines and passengers due to the delays resulting from the outage."
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WASHINGTON, Jan 13 (Reuters) - A group of more than 120 U.S. lawmakers told the Federal Aviation Administration's (FAA) its computer outage Wednesday that disrupted 11,000 flights is "completely unacceptable" and demanded the agency explain how it will avoid future incidents. House Transportation Committee Chair Sam Graves and the top Democrat on the panel Rick Larsen said in a letter to Transportation Secretary Pete Buttigieg the panel intends to "conduct vigorous oversight of the Department of Transportation’s plan to prevent these disruptions from occurring again." Lawmakers want details of what went wrong with a pilot messaging database that led to the first nationwide grounding of departing flights since the Sept. 11, 2001 attacks.
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WASHINGTON, Jan 13 (Reuters) - A group of more than 120 U.S. lawmakers told the Federal Aviation Administration's (FAA) its computer outage Wednesday that disrupted 11,000 flights is "completely unacceptable" and demanded the agency explain how it will avoid future incidents. House Transportation Committee Chair Sam Graves and the top Democrat on the panel Rick Larsen said in a letter to Transportation Secretary Pete Buttigieg the panel intends to "conduct vigorous oversight of the Department of Transportation’s plan to prevent these disruptions from occurring again." (Reporting by David Shepardson; editing by Diane Craft) ((David.Shepardson@thomsonreuters.com; 2028988324;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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WASHINGTON, Jan 13 (Reuters) - A group of more than 120 U.S. lawmakers told the Federal Aviation Administration's (FAA) its computer outage Wednesday that disrupted 11,000 flights is "completely unacceptable" and demanded the agency explain how it will avoid future incidents. House Transportation Committee Chair Sam Graves and the top Democrat on the panel Rick Larsen said in a letter to Transportation Secretary Pete Buttigieg the panel intends to "conduct vigorous oversight of the Department of Transportation’s plan to prevent these disruptions from occurring again." Lawmakers want details of what went wrong with a pilot messaging database that led to the first nationwide grounding of departing flights since the Sept. 11, 2001 attacks.
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2992.0
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2023-01-13 00:00:00 UTC
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Airbus withdraws from U.S. FAA Boeing safety culture panel
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AAL
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https://www.nasdaq.com/articles/airbus-withdraws-from-u.s.-faa-boeing-safety-culture-panel
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nan
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nan
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By David Shepardson
WASHINGTON, Jan 13 (Reuters) - European planemaker Airbus AIR.PA said it had withdrawn from a U.S. government-named panel reviewing Boeing’s BA.N safety processes and how they influence Boeing safety culture after two fatal 737 MAX crashes in recent years killed 346 people.
The Federal Aviation Administration's (FAA) panel includes MIT lecturer and aerospace engineer Javier de Luis whose sister was killed in a MAX crash, as well as experts from NASA, the FAA, labor unions, Southwest Airlines LUV.N, American Airlines AAL.O, United Airlines UAL.O, GE Aviation GE.N and FedEx Express FDX.N.
Among those named was James Tidball, head of certification for Airbus Americas. Airbus said in a statement to Reuters it appreciated the FAA's recognition of Tidball's impartiality concerning safety but given "the panel’s focus on a particular (Original Equipment Manufacturer, Tidball)... has decided to recuse himself from this working group."
The panel, which Congress required under a 2020 law to reform how the FAA certifies new airplanes, has nine months to complete its review and issue findings and recommendations. Congress directed the agency to appoint a panel by early 2021, but the FAA missed that deadline.
A 2020 U.S. House report said the MAX crashes in 2018 and 2019 "were the horrific culmination of a series of faulty technical assumptions by Boeing's engineers, a lack of transparency on the part of Boeing's management, and grossly insufficient oversight by the FAA."
Boeing last week declined to comment on the panel, but previously emphasized it has significantly reformed its safety culture after the MAX crashes cost it more than $20 billion.
Last month, Congress voted to lift a Dec. 27 deadline imposing a new safety standard for modern cockpit alerts for two new versions of the 737 MAX aircraft that could have put the future of those new models at risk.
In May, the FAA opted to renew Boeing's Organization Designation Authorization (ODA) program for three years rather than the five years Boeing sought.
The FAA continues to subject Boeing to enhanced oversight, inspecting all new Boeing 737 MAXs and 787s before they can be delivered.
(Reporting by David Shepardson; Editing by Josie Kao)
((David.Shepardson@thomsonreuters.com; 2028988324;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Federal Aviation Administration's (FAA) panel includes MIT lecturer and aerospace engineer Javier de Luis whose sister was killed in a MAX crash, as well as experts from NASA, the FAA, labor unions, Southwest Airlines LUV.N, American Airlines AAL.O, United Airlines UAL.O, GE Aviation GE.N and FedEx Express FDX.N. The panel, which Congress required under a 2020 law to reform how the FAA certifies new airplanes, has nine months to complete its review and issue findings and recommendations. Boeing last week declined to comment on the panel, but previously emphasized it has significantly reformed its safety culture after the MAX crashes cost it more than $20 billion.
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The Federal Aviation Administration's (FAA) panel includes MIT lecturer and aerospace engineer Javier de Luis whose sister was killed in a MAX crash, as well as experts from NASA, the FAA, labor unions, Southwest Airlines LUV.N, American Airlines AAL.O, United Airlines UAL.O, GE Aviation GE.N and FedEx Express FDX.N. By David Shepardson WASHINGTON, Jan 13 (Reuters) - European planemaker Airbus AIR.PA said it had withdrawn from a U.S. government-named panel reviewing Boeing’s BA.N safety processes and how they influence Boeing safety culture after two fatal 737 MAX crashes in recent years killed 346 people. Boeing last week declined to comment on the panel, but previously emphasized it has significantly reformed its safety culture after the MAX crashes cost it more than $20 billion.
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The Federal Aviation Administration's (FAA) panel includes MIT lecturer and aerospace engineer Javier de Luis whose sister was killed in a MAX crash, as well as experts from NASA, the FAA, labor unions, Southwest Airlines LUV.N, American Airlines AAL.O, United Airlines UAL.O, GE Aviation GE.N and FedEx Express FDX.N. By David Shepardson WASHINGTON, Jan 13 (Reuters) - European planemaker Airbus AIR.PA said it had withdrawn from a U.S. government-named panel reviewing Boeing’s BA.N safety processes and how they influence Boeing safety culture after two fatal 737 MAX crashes in recent years killed 346 people. A 2020 U.S. House report said the MAX crashes in 2018 and 2019 "were the horrific culmination of a series of faulty technical assumptions by Boeing's engineers, a lack of transparency on the part of Boeing's management, and grossly insufficient oversight by the FAA."
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The Federal Aviation Administration's (FAA) panel includes MIT lecturer and aerospace engineer Javier de Luis whose sister was killed in a MAX crash, as well as experts from NASA, the FAA, labor unions, Southwest Airlines LUV.N, American Airlines AAL.O, United Airlines UAL.O, GE Aviation GE.N and FedEx Express FDX.N. By David Shepardson WASHINGTON, Jan 13 (Reuters) - European planemaker Airbus AIR.PA said it had withdrawn from a U.S. government-named panel reviewing Boeing’s BA.N safety processes and how they influence Boeing safety culture after two fatal 737 MAX crashes in recent years killed 346 people. Among those named was James Tidball, head of certification for Airbus Americas.
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2993.0
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2023-01-13 00:00:00 UTC
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American Airlines (AAL) Stock Surges 9.71% on Rosy Q4 View
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-stock-surges-9.71-on-rosy-q4-view
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nan
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nan
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Shares of American Airlines AAL gained 9.71% on Jan 12, closing the trading session at $16.83. The uptick was owing to the bullish guidance issued by the management for the fourth quarter of 2022, driven by upbeat air-travel demand. Detailed results will be out on Jan 26, 2023.
American Airlines now anticipates fourth-quarter 2022 earnings per share in the $1.12-$1.17 range (prior view: $0.50-$0.70). The Zacks Consensus Estimate for the same is currently pegged at 60 cents per share.
Adjusted operating margin is now anticipated in the range of 10.25%-10.5% (prior view: 5.5-7.5%). Revenues are now expected to register 16-17% growth (prior view: 11-13% growth rate).
Average fuel cost per gallon in fourth-quarter 2022 is expected in the $3.47-$3.52 band (prior view: $3.51-$3.56 band). Fuel gallon consumption is expected to be $979 million (prior view: $990 million).
Fourth quarter total revenue per available seat mile is expected to be up almost 24% versus the fourth quarterof 2019 (prior view: up 18-20%). Consolidated operating costs per available seat mile (CASM: excluding fuel and special items) are expected to be up almost 10% (prior view: up 8-10%).
American Airlines expects system capacity for the December quarter to decline 6.1% (prior view: down 5-7%) from the figure reported in fourth-quarter 2019.
Driven by the buoyant air-travel demand, shares of American Airlines have gained 18.1% over the past six months, outperforming 17.3% growth of the industry it belongs to.
Image Source: Zacks Investment Research
Zacks Rank Other Stocks to Consider
American Airlines currently carries a Zacks Rank #2 (Buy)
Some other top-ranked stocks from the broader Zacks Transportation sector are Teekay Tankers Ltd. (TNK) and Gol Linhas Aereas Inteligentes S.A. GOL. Teekay Tankers presently sports a Zacks Rank #1(Strong Buy), while Gol Linhas currently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
The Zacks Consensus Estimate for AAL’s current-year earnings has improved 19.3% over the past 90 days. Shares of AAL have gained 18.1% over the past six months.
Teekay Tankers has an expected earnings growth rate of 143.11% for the current year. TNK delivered a trailing four-quarter earnings surprise of 42.23%, on average. Teekay Tankers has a long-term expected growth rate of 3%.
The Zacks Consensus Estimate for TNK’s current-year earnings has improved more than 100% over the past 90 days. Shares of TNK have soared 63% over the past six months.
Gol Linhas has an expected earnings growth rate of 50.9% for the current year.
Shares of GOL have gained 13.7% over the past six months.
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Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of American Airlines AAL gained 9.71% on Jan 12, closing the trading session at $16.83. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
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Click to get this free report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report To read this article on Zacks.com click here. Shares of American Airlines AAL gained 9.71% on Jan 12, closing the trading session at $16.83. AAL has an expected earnings growth rate of more than 100% for the current year.
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Click to get this free report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report To read this article on Zacks.com click here. Shares of American Airlines AAL gained 9.71% on Jan 12, closing the trading session at $16.83. AAL has an expected earnings growth rate of more than 100% for the current year.
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Shares of American Airlines AAL gained 9.71% on Jan 12, closing the trading session at $16.83. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
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2994.0
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2023-01-13 00:00:00 UTC
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Delta (DAL) Stock Down Despite Q4 Earnings & Revenue Beat
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AAL
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https://www.nasdaq.com/articles/delta-dal-stock-down-despite-q4-earnings-revenue-beat
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nan
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nan
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Delta Air Lines’ DAL fourth-quarter 2022 earnings (excluding 19 cents from non-recurring items) of $1.48 per share beat the Zacks Consensus Estimate of $1.29 per share. DAL reported earnings of 22 cents per share a year ago, dull in comparison to the current scenario, as air-travel demand was not so buoyant then.
Delta reported revenues of $13,435 million, which also surpassed the Zacks Consensus Estimate of $13,030.3 million. Driven by the high air-travel demand, total revenues increased more than 41.87% on a year-over-year basis.
In the fourth quarter of 2022, passenger revenues, accounting for 81% of the total revenues, increased 6% to $10,889 million from the levels recorded in the comparable quarter of 2019. In fourth-quarter 2022, 75% of the total passenger revenues came from the domestic markets. Domestic and international passenger revenues in the December quarter increased 7% and 5%, respectively, from fourth-quarter 2019 actuals.
Cargo revenues increased 33% from the fourth-quarter 2019 actuals. Other revenues increased to $2,298 million from $1,007 million three years ago. Adjusted operating revenues (excluding third-party refinery sales) came in at $12,292 million, up 8% from the fourth-quarter 2019 levels.
Despite the earnings and revenue beat, shares of DAL declined in pre-market trading. The downside was due to the weaker-than-expected earnings per share guidance for the March quarter.
DAL, currently carrying a Zacks Rank #3 (Hold), expects first-quarter 2023 earnings per share in the 15 cents - 40 cents band. The Zacks Consensus Estimate is currently pegged at 45 cents per share. The downbeat guidance is mainly due to high costs.
In first-quarter 2023, cost per available seat miles (adjusted) or non-fuel unit costs are expected in the 13.64 cents-13.77 cents range. Per Dan Janki, Delta’s chief financial officer "For the March quarter, we expect non-fuel unit costs to increase 3 to 4 % year-over-year, including a full quarter impact from labor cost increases and finalizing the rebuild of our network for the peak summer period”.
Other Aspects of the Q4 Earnings Report
Adjusted operating margin was 11.6%. This was the third successive quarter when DAL generated a double-digit operating margin since 2019. DAL remains on track to achieve its target of more than $7 of adjusted earnings per share for 2024.
Below we present all figures (in % terms) compared with the fourth-quarter 2019 results.
Revenue passenger miles (a measure of air traffic) tumbled 10% to 50,476 million. Capacity (measured in available seat miles) contracted 9% to 59,506 million. Load factor (percentage of seats filled by passengers) was down to 85% from 86% in the comparable quarter of 2019.
Passenger revenue per available seat mile increased 17% to 18.30 cents. Passenger mile yield increased to 21.57 cents from 18.29 cents in the fourth quarter of 2019. On an adjusted basis, total revenue per available seat mile increased 19% to 20.66 cents in the December quarter.
Total operating expenses, including special items, escalated 19% to $11,965 million. Aircraft fuel expenses and related taxes surged 42% to $2,849 million in the reported quarter.
Fuel gallons consumed contracted 13% to $869 million. Average fuel price per gallon (adjusted) surged 61% to $3.20. Non-fuel unit cost (adjusted or CASM-Ex) increased 13% to 13.14 cents in the reported quarter, mainly due to 9% lower capacity.
The airline had liquidity worth $9.4 billion at the end of the December quarter (including $2.9 billion under undrawn revolving credit facilities). Delta had an adjusted debt of $22.3 billion.
Per Janki, "We made significant progress restoring our financial foundation in 2022 with positive free cash flow generation and three quarters of double-digit margins. This enabled us to pay down over $4.5 billion of gross debt during the year, strengthening our balance sheet”.
Outlook
For the first quarter of 2023, the carrier expects capacity to decline 1% from first-quarter 2019 actuals and be around 62 billion. Total revenues (adjusted) are expected to increase in the 14-17% range from first-quarter 2019 actuals.
Management also expects fuel price per gallon in the $3.05-$3.25 range. Operating margin is expected in the 4-6% range.
For full-year 2023, the carrier expects capacity to increase 1% from 2019 actuals and be around 278.5 billion. Non-fuel unit cost (adjusted) for 2023 is expected in the 12.36-12.61 cents band, reflecting a 2-4% year over year decline. Total revenues (adjusted) are expected to increase in the 15-20% range on a year-over-year basis.
Management also expects 2023 fuel price per gallon in the $3 -$3.20 range. Operating margin for 2023 is expected in the 10-12% range.
Earnings per share for full-year 2023 is anticipated to be between $5 and $6. The Zacks Consensus Estimate of $5.08 per share is well below the mid-point ($5.50 per share) of the guided range. Free cash flow of more than $2 billion is expected in 2023.
Key Picks
Some better-ranked stocks in the Zacks Airline industry are American Airlines AAL and Gol Linhas GOL, both currently carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
American Airlines is based in Fort Worth, TX. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. However, high fuel costs are affecting the bottom line.
Over the past 60 days, the Zacks Consensus Estimate for AAL’s 2023 earnings has been revised 13.1% upward. AAL has outpaced the Zacks Consensus Estimate for earnings in three of the last four quarters (missing the mark in the other one). The average beat is 8.62%.
The gradual improvement in air-travel demand in Brazil is a huge boon for Gol Linhas. Upbeat air-travel demand is boosting GOL’s traffic.
Over the past 60 days, the Zacks Consensus Estimate for GOL’s 2023 earnings has been revised 14.1% upward. GOL has outpaced the Zacks Consensus Estimate for earnings in two of the last four quarters (missing the mark in the other two).
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Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Key Picks Some better-ranked stocks in the Zacks Airline industry are American Airlines AAL and Gol Linhas GOL, both currently carrying a Zacks Rank #2 (Buy). The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. Over the past 60 days, the Zacks Consensus Estimate for AAL’s 2023 earnings has been revised 13.1% upward.
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Key Picks Some better-ranked stocks in the Zacks Airline industry are American Airlines AAL and Gol Linhas GOL, both currently carrying a Zacks Rank #2 (Buy). Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL.
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Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks Some better-ranked stocks in the Zacks Airline industry are American Airlines AAL and Gol Linhas GOL, both currently carrying a Zacks Rank #2 (Buy). The gradual increase in air-travel demand (particularly for leisure) is aiding AAL.
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Key Picks Some better-ranked stocks in the Zacks Airline industry are American Airlines AAL and Gol Linhas GOL, both currently carrying a Zacks Rank #2 (Buy). The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. Over the past 60 days, the Zacks Consensus Estimate for AAL’s 2023 earnings has been revised 13.1% upward.
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2995.0
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2023-01-13 00:00:00 UTC
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Investors Heavily Search American Airlines Group Inc. (AAL): Here is What You Need to Know
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AAL
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https://www.nasdaq.com/articles/investors-heavily-search-american-airlines-group-inc.-aal%3A-here-is-what-you-need-to-know
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American Airlines (AAL) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this world's largest airline have returned +30.2%, compared to the Zacks S&P 500 composite's no change. During this period, the Zacks Transportation - Airline industry, which American Airlines falls in, has gained 8.5%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings Estimates
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
American Airlines is expected to post earnings of $0.60 per share for the current quarter, representing a year-over-year change of +142.3%. Over the last 30 days, the Zacks Consensus Estimate has changed +86.5%.
The consensus earnings estimate of -$0.18 for the current fiscal year indicates a year-over-year change of +97.9%. This estimate has changed +10.2% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $1.81 indicates a change of +1,106.2% from what American Airlines is expected to report a year ago. Over the past month, the estimate has changed +10.2%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, American Airlines is rated Zacks Rank #2 (Buy).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For American Airlines, the consensus sales estimate for the current quarter of $12.71 billion indicates a year-over-year change of +34.8%. For the current and next fiscal years, $48.49 billion and $51.44 billion estimates indicate +62.3% and +6.1% changes, respectively.
Last Reported Results and Surprise History
American Airlines reported revenues of $13.46 billion in the last reported quarter, representing a year-over-year change of +50.1%. EPS of $0.69 for the same period compares with -$0.99 a year ago.
Compared to the Zacks Consensus Estimate of $13.46 billion, the reported revenues represent a surprise of +0.03%. The EPS surprise was +27.78%.
Over the last four quarters, American Airlines surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time over this period.
Valuation
No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
American Airlines is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about American Airlines. However, its Zacks Rank #2 does suggest that it may outperform the broader market in the near term.
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American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines (AAL) is one of the stocks most watched by Zacks.com visitors lately. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines (AAL) is one of the stocks most watched by Zacks.com visitors lately. Last Reported Results and Surprise History American Airlines reported revenues of $13.46 billion in the last reported quarter, representing a year-over-year change of +50.1%.
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American Airlines (AAL) is one of the stocks most watched by Zacks.com visitors lately. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions.
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American Airlines (AAL) is one of the stocks most watched by Zacks.com visitors lately. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, American Airlines is rated Zacks Rank #2 (Buy).
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2996.0
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2023-01-13 00:00:00 UTC
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Delta earnings beat estimates as travel demand remains strong
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https://www.nasdaq.com/articles/delta-earnings-beat-estimates-as-travel-demand-remains-strong-0
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By Rajesh Kumar Singh
CHICAGO, Jan 13 (Reuters) - Delta Air Lines Inc DAL.N on Friday forecast current-quarter profit below expectations on higher operating costs even as fourth-quarter profit topped Wall Street estimates on the back of robust travel demand.
Shares of the carrier fell 4.2% in premarket trading as the company flagged a rise in non-fuel operating cost including higher labor costs.
U.S. carriers are enjoying the strongest travel demand since the start of the pandemic, boosted by reopening of closed borders, a strong U.S. dollar and rising corporate travel demand.
A worsening economic outlook and rising financial fragility of U.S. households have sparked concerns about consumer spending, but travel demand remains strong and exceeds the pace of flight capacity growth, keeping ticket prices high.
"As we move into 2023, the industry backdrop for air travel remains favorable and Delta is well positioned to deliver significant earnings and free cash flow growth," Chief Executive Ed Bastian said in a statement.
The company expected March quarter revenue would be 14%-17% higher than 2019 on capacity that is 1% lower. It expects earnings of 15 cents to 40 cents a share, below a profit of 55 cents a share, expected by analysts in a Refinitiv survey.
The carrier has offered a 34% pay hike to its pilots in a new contract, which is expected to become a new "benchmark" for the industry.
For the full-year, Delta reiterated the profit forecast issued last month.
For the December quarter, adjusted profit came in at $1.48 a share, above analysts' expectations of $1.33 per share. The company reported $12.3 billion in adjusted revenue.
Its earnings came a day after rival American Airlines AAL.Olifted its profit outlook for the December quarter. The Texas-based carrier is due to report its quarterly results on Jan. 26.
Airlines don't expect the demand to slowdown anytime soon. Delta has said it expects consumers to spend $30 billion on travel this year.
(Reporting by Rajesh Kumar Singh; Editing by Miyoung Kim, Kim Coghill and Shounak Dasgupta)
((rajeshkumar.singh@thomsonreuters.com; +1-312-408-8537; Reuters Messaging: rajeshkumar.singh.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Its earnings came a day after rival American Airlines AAL.Olifted its profit outlook for the December quarter. By Rajesh Kumar Singh CHICAGO, Jan 13 (Reuters) - Delta Air Lines Inc DAL.N on Friday forecast current-quarter profit below expectations on higher operating costs even as fourth-quarter profit topped Wall Street estimates on the back of robust travel demand. A worsening economic outlook and rising financial fragility of U.S. households have sparked concerns about consumer spending, but travel demand remains strong and exceeds the pace of flight capacity growth, keeping ticket prices high.
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Its earnings came a day after rival American Airlines AAL.Olifted its profit outlook for the December quarter. By Rajesh Kumar Singh CHICAGO, Jan 13 (Reuters) - Delta Air Lines Inc DAL.N on Friday forecast current-quarter profit below expectations on higher operating costs even as fourth-quarter profit topped Wall Street estimates on the back of robust travel demand. A worsening economic outlook and rising financial fragility of U.S. households have sparked concerns about consumer spending, but travel demand remains strong and exceeds the pace of flight capacity growth, keeping ticket prices high.
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Its earnings came a day after rival American Airlines AAL.Olifted its profit outlook for the December quarter. By Rajesh Kumar Singh CHICAGO, Jan 13 (Reuters) - Delta Air Lines Inc DAL.N on Friday forecast current-quarter profit below expectations on higher operating costs even as fourth-quarter profit topped Wall Street estimates on the back of robust travel demand. It expects earnings of 15 cents to 40 cents a share, below a profit of 55 cents a share, expected by analysts in a Refinitiv survey.
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Its earnings came a day after rival American Airlines AAL.Olifted its profit outlook for the December quarter. By Rajesh Kumar Singh CHICAGO, Jan 13 (Reuters) - Delta Air Lines Inc DAL.N on Friday forecast current-quarter profit below expectations on higher operating costs even as fourth-quarter profit topped Wall Street estimates on the back of robust travel demand. For the December quarter, adjusted profit came in at $1.48 a share, above analysts' expectations of $1.33 per share.
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2023-01-13 00:00:00 UTC
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Delta earnings beat estimates as travel demand remains strong
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AAL
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https://www.nasdaq.com/articles/delta-earnings-beat-estimates-as-travel-demand-remains-strong
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By Rajesh Kumar Singh
CHICAGO, Jan 13 (Reuters) - Delta Air Lines Inc DAL.N on Friday offered an upbeat outlook for this year after quarterly profit topped Wall Street estimates on the back of robust travel demand.
U.S. carriers are enjoying the strongest travel demand since the start of the pandemic, boosted by reopening of closed borders, a strong U.S. dollar and rising corporate travel demand.
A worsening economic outlook and rising financial fragility of U.S. households have sparked concerns about consumer spending, but travel demand remains strong and exceeds the pace of flight capacity growth, keeping ticket prices high.
"As we move into 2023, the industry backdrop for air travel remains favorable and Delta is well positioned to deliver significant earnings and free cash flow growth," Chief Executive Ed Bastian said in a statement.
The company expected March quarter revenue would be 14%-17% higher than 2019 on capacity that is 1% lower.
It expects earnings of 15 cents to 40 cents a share, below a profit of 55 cents a share expected by analysts in a Refinitiv survey, as it forecasts a rise in non-fuel operating cost including higher labor costs.
The carrier has offered a 34% pay hike to its pilots in a new contract, which is expected to become a new "benchmark" for the industry.
For the full-year, Delta reiterated the profit forecast issued last month.
For the December quarter, adjusted profit came in at $1.48 a share, above analysts' expectations of $1.33 per share. The company reported $12.3 billion in adjusted revenue.
Its earnings came a day after rival American Airlines AAL.Olifted its profit outlook for the December quarter. The Texas-based carrier is due to report its quarterly result on Jan. 26.
Airlines don't expect the demand to slowdown anytime soon. Delta has said it expects consumers to spend $30 billion on travel this year.
(Reporting by Rajesh Kumar Singh; Editing by Miyoung Kim and Kim Coghill)
((rajeshkumar.singh@thomsonreuters.com; +1-312-408-8537; Reuters Messaging: rajeshkumar.singh.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Its earnings came a day after rival American Airlines AAL.Olifted its profit outlook for the December quarter. By Rajesh Kumar Singh CHICAGO, Jan 13 (Reuters) - Delta Air Lines Inc DAL.N on Friday offered an upbeat outlook for this year after quarterly profit topped Wall Street estimates on the back of robust travel demand. A worsening economic outlook and rising financial fragility of U.S. households have sparked concerns about consumer spending, but travel demand remains strong and exceeds the pace of flight capacity growth, keeping ticket prices high.
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Its earnings came a day after rival American Airlines AAL.Olifted its profit outlook for the December quarter. By Rajesh Kumar Singh CHICAGO, Jan 13 (Reuters) - Delta Air Lines Inc DAL.N on Friday offered an upbeat outlook for this year after quarterly profit topped Wall Street estimates on the back of robust travel demand. A worsening economic outlook and rising financial fragility of U.S. households have sparked concerns about consumer spending, but travel demand remains strong and exceeds the pace of flight capacity growth, keeping ticket prices high.
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Its earnings came a day after rival American Airlines AAL.Olifted its profit outlook for the December quarter. By Rajesh Kumar Singh CHICAGO, Jan 13 (Reuters) - Delta Air Lines Inc DAL.N on Friday offered an upbeat outlook for this year after quarterly profit topped Wall Street estimates on the back of robust travel demand. It expects earnings of 15 cents to 40 cents a share, below a profit of 55 cents a share expected by analysts in a Refinitiv survey, as it forecasts a rise in non-fuel operating cost including higher labor costs.
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Its earnings came a day after rival American Airlines AAL.Olifted its profit outlook for the December quarter. For the December quarter, adjusted profit came in at $1.48 a share, above analysts' expectations of $1.33 per share. The company reported $12.3 billion in adjusted revenue.
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2023-01-13 00:00:00 UTC
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American Airlines (AAL) Surges 9.7%: Is This an Indication of Further Gains?
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-surges-9.7%3A-is-this-an-indication-of-further-gains
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American Airlines (AAL) shares soared 9.7% in the last trading session to close at $16.83. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 14.9% gain over the past four weeks.
The uptick was due to the bullish guidance given by the management for the fourth quarter of 2022. With air-travel demand bouncing back very strongly from the pandemic lows, AAL expects fourth-quarter 2022 revenues to increase in the 16-17% range from fourth-quarter 2019 actuals. The earlier guidance hand hinted at an increase in the 11-13% range. Total revenue per available seat miles are now expected to increase roughly 24% in fourth-quarter 2022 from fourth-quarter 2019 actuals. The earlier guidance had called for a 18-20% increase. Driven by the upbeat air-travel demand, AAL now expects fourth-quarter 2022 earnings in the $1.12-$1.17 per share band. The earlier guidance was in the 50-70 cents per share range. The Zacks Consensus Estimate is currently pegged at 60 cents.
This world's largest airline is expected to post quarterly earnings of $0.60 per share in its upcoming report, which represents a year-over-year change of +142.3%. Revenues are expected to be $12.72 billion, up 35% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For American Airlines, the consensus EPS estimate for the quarter has been revised 86.5% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on AAL going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
American Airlines is part of the Zacks Transportation - Airline industry. JetBlue Airways (JBLU), another stock in the same industry, closed the last trading session 4% higher at $8.12. JBLU has returned 11.6% in the past month.
JetBlue's consensus EPS estimate for the upcoming report has changed -37.5% over the past month to $0.17. Compared to the company's year-ago EPS, this represents a change of +147.2%. JetBlue currently boasts a Zacks Rank of #3 (Hold).
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American Airlines Group Inc. (AAL) : Free Stock Analysis Report
JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines (AAL) shares soared 9.7% in the last trading session to close at $16.83. With air-travel demand bouncing back very strongly from the pandemic lows, AAL expects fourth-quarter 2022 revenues to increase in the 16-17% range from fourth-quarter 2019 actuals. Driven by the upbeat air-travel demand, AAL now expects fourth-quarter 2022 earnings in the $1.12-$1.17 per share band.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines (AAL) shares soared 9.7% in the last trading session to close at $16.83. With air-travel demand bouncing back very strongly from the pandemic lows, AAL expects fourth-quarter 2022 revenues to increase in the 16-17% range from fourth-quarter 2019 actuals.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines (AAL) shares soared 9.7% in the last trading session to close at $16.83. With air-travel demand bouncing back very strongly from the pandemic lows, AAL expects fourth-quarter 2022 revenues to increase in the 16-17% range from fourth-quarter 2019 actuals.
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American Airlines (AAL) shares soared 9.7% in the last trading session to close at $16.83. With air-travel demand bouncing back very strongly from the pandemic lows, AAL expects fourth-quarter 2022 revenues to increase in the 16-17% range from fourth-quarter 2019 actuals. Driven by the upbeat air-travel demand, AAL now expects fourth-quarter 2022 earnings in the $1.12-$1.17 per share band.
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2023-01-13 00:00:00 UTC
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Zacks.com featured highlights American Airlines, Cleveland-Cliffs, Boise Cascade, Thor Industries and Caleres
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https://www.nasdaq.com/articles/zacks.com-featured-highlights-american-airlines-cleveland-cliffs-boise-cascade-thor
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For Immediate Release
Chicago, IL – January 13, 2023 – Stocks in this week’s article are American Airlines AAL, Cleveland-Cliffs CLF, Boise Cascade Co. BCC, Thor Industries THO and Caleres CAL.
5 Broker-Friendly Stocks to Rely On Amid Market Chaos
Year 2022 was marked by extreme turbulence and volatility. To combat the sky-high inflation, the Fed adopted a hawkish stance and raised interest rates multiple times during the course of the year. Despite moderating a little bit, inflation remains high in the United States. Consequently, further rate hikes in 2023 are likely.
The sky-high inflation apart, uncertainty due to the Russia-Ukraine war and the resurgence of COVID-19 cases, particularly in China, are further concerns. Despite the uncertainty, shunning equities is not an advisable option. We believe that investors should include broker-favorite stocks like American Airlines, Cleveland-Cliffs, Boise Cascade Co., Thor Industries and Caleres in their watchlist.
Brokers, irrespective of their types (sell-side, buy-side or independent), undertake thorough research of the stocks covered by them. They have at their disposal a lot more information on a company and its prospects than individual investors. To attain their objective, they go through minute details of the publicly available financial documents apart from attending company conference calls and other presentations. Consequently, the opinion of brokers should act as a valuable guide for investors while deciding their course of action (buy, sell or hold) on a particular stock.
Movement of Earnings Estimates: A Solid Pointer
Since brokers follow the stocks in their coverage minutely, they revise their earnings estimates after carefully examining the pros and cons of an event for the concerned company. In fact, a rating upgrade or downgrade by brokers has the potential to immediately influence the price of the stock.
Given the expertise and know-how of brokers in investment matters, it is natural for investors to believe that there is a solid reason/logic behind brokers improving their recommendation on a particular stock. In fact, a rating upgrade generally leads to stock price appreciation and vice versa. Estimates can move north for a number of reasons — favorable earnings performance, bullish guidance, product launch or any favorable macro scenario.
To take care of the earnings performance, we have designed a screen based on improving analyst recommendations and upward estimate revisions over the last four weeks.
Ignore the Top Line at Your Peril
To design a winning strategy, it is not wise to consider only the bottom line only. In fact, according to some market watchers, a top-line outperformance is more creditable for a stock than mere earnings beat under some circumstances. Therefore, to make our strategy full-proof, one needs to address top-line concerns as well. We have considered the price/sales ratio, which serves as a strong complementary valuation metric, for screening stocks.
Here are five of the 10 stocks that passed the screen test:
American Airlines is based in Fort Worth, TX. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. However, high fuel costs are hurting the bottom line.
Over the past 60 days, the Zacks Consensus Estimate for AAL’s 2023 earnings has been revised 13.1% upward. American Airlines currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Cleveland-Cliffs is a leading iron ore producer in the United States. It supplies differentiated iron ore pellets under long-term contracts to major blast furnace steel producers in North America. The Mining and Pelletizing operation gains from low-cost, high-quality iron ore pellet production with substantial logistics and transportation advantages to serve the Great Lakes steel market. The company should gain from its merger with AK Steel Holding Corporation.
Over the past 60 days, the Zacks Consensus Estimate for CLF’s 2023 earnings has been revised 54% upward. Cleveland-Cliffs currently sports a Zacks Rank #1.
Boise Cascade: Based in Boise, ID, BCC makes wood products and distributes building materials in the United States as well as Canada. Boise Cascade’s Building Materials Distribution and Wood Products segments are gaining strength from strong end-product demand as well as higher commodity product prices. It has also been increasing commodity offerings that will instill growth in the existing markets, underserved markets and across its entire national footprint.
Over the past 60 days, the Zacks Consensus Estimate for 2023 earnings has been revised 0.8% upward. BCC currently carries a Zacks Rank #3 (Hold).
Thor Industries is benefiting from its growth by acquisition strategy. The buyout of Germany-based EHG made Thor the largest recreational vehicle (RV) manufacturer in the world. Its cash flow generating ability also bodes well.
Over the past 30 days, the Zacks Consensus Estimate for 2023 earnings has been revised 0.8% upward. THO currently carries a Zacks Rank #3.
Caleres is a leading footwear retailer and wholesaler in the United States, China, Canada and Guam. The company operates through Famous Footwear and Brand Portfolio segments. This Saint Louis, MO-based company has been benefiting from the positive consumer demand trends and accelerated recovery in the footwear marketplace, aiding its sales.
The momentum in the Famous Footwear brand is expected to contribute meaningfully to sales growth. Strong performances of CAL’s emerging brands, including Vionic, Sam Edelman, Allen Edmonds and Blowfish Malibu, are expected to be growth drivers. Caleres has an excellent surprise history with its earnings having surpassed the Zacks Consensus Estimate in each of the last four quarters, the average being 26% CAL currently carries a Zacks Rank #3.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and backtest them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2038325/5-broker-friendly-stocks-to-rely-on-amid-the-market-chaos
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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Thor Industries, Inc. (THO) : Free Stock Analysis Report
ClevelandCliffs Inc. (CLF) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Boise Cascade, L.L.C. (BCC) : Free Stock Analysis Report
Caleres, Inc. (CAL) : Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL – January 13, 2023 – Stocks in this week’s article are American Airlines AAL, Cleveland-Cliffs CLF, Boise Cascade Co. BCC, Thor Industries THO and Caleres CAL. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. Over the past 60 days, the Zacks Consensus Estimate for AAL’s 2023 earnings has been revised 13.1% upward.
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For Immediate Release Chicago, IL – January 13, 2023 – Stocks in this week’s article are American Airlines AAL, Cleveland-Cliffs CLF, Boise Cascade Co. BCC, Thor Industries THO and Caleres CAL. Click to get this free report Thor Industries, Inc. (THO) : Free Stock Analysis Report ClevelandCliffs Inc. (CLF) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Boise Cascade, L.L.C. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL.
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Click to get this free report Thor Industries, Inc. (THO) : Free Stock Analysis Report ClevelandCliffs Inc. (CLF) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Boise Cascade, L.L.C. For Immediate Release Chicago, IL – January 13, 2023 – Stocks in this week’s article are American Airlines AAL, Cleveland-Cliffs CLF, Boise Cascade Co. BCC, Thor Industries THO and Caleres CAL. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL.
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For Immediate Release Chicago, IL – January 13, 2023 – Stocks in this week’s article are American Airlines AAL, Cleveland-Cliffs CLF, Boise Cascade Co. BCC, Thor Industries THO and Caleres CAL. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. Over the past 60 days, the Zacks Consensus Estimate for AAL’s 2023 earnings has been revised 13.1% upward.
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