American Airlines Group Inc reports results for the quarter ended June 30 - Earnings Summary

• American Airlines Group Inc AAL reported quarterly adjusted earnings of 95 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.09. The mean expectation of eighteen analysts for the quarter was for earnings of 78 cents per share. Wall Street expected results to range from 70 cents to 95 cents per share.

• Revenue rose 0.4% to $14.39 billion from a year ago; analysts expected $14.30 billion.

• American Airlines Group Inc's reported EPS for the quarter was 91 cents​.

• The company reported quarterly net income of $599 million.

• American Airlines Group Inc shares had risen by 13.0% this quarter and lost 27.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9.6% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 10 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the airlines peer group is also "buy"

• Wall Street's median 12-month price target for American Airlines Group Inc is $13.00, about 2.5% above its last closing price of $12.68

This summary was machine generated from LSEG data July 24 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)