Investors focused on the Transportation space have likely heard of American Airlines Group (AAL), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
American Airlines Group is one of 149 individual stocks in the Transportation sector. Collectively, these companies sit at #1 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. AAL is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AAL's full-year earnings has moved 16.24% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, AAL has gained about 15.01% so far this year. Meanwhile, the Transportation sector has returned an average of 12.22% on a year-to-date basis. As we can see, American Airlines Group is performing better than its sector in the calendar year.
To break things down more, AAL belongs to the Transportation - Airline industry, a group that includes 28 individual companies and currently sits at #9 in the Zacks Industry Rank. Stocks in this group have gained about 11.49% so far this year, so AAL is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Transportation stocks should continue to pay close attention to AAL as it looks to continue its solid performance.
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American Airlines Group Inc. (AAL): Free Stock Analysis Report
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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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
