American Airlines share price: what can we expect from the Q4 results?
Explore our overview of American Airlines' upcoming Q4 2023 earnings report. Get the latest insights on expected earnings, analyst forecasts, and strategic trading tips as the aviation giant reveals its financial performance.
When are the American Airlines results?
American Airlines Group Inc., the Nasdaq-listed air carrier operator for passengers and cargo, is set to report its fourth-quarter earnings for 2023 (Q4 2023) on 25 January 2024.
Key takeaways
- American Airlines will release Q4 results on 25 January 2024
- Q4 2023 earnings per share of $0.10 expected
- A mean of analyst forecasts suggests a long-term price target of $15.36
- A consensus of analyst ratings has a ‘hold’ rating on the stock.
What to expect from American Airlines Q4 2023 results?
In the group's previous fiscal quarter results (Q3 2023), the following was guided for the upcoming results:
"Based on demand trends and the current fuel price forecast, and excluding the impact of special items, the company expects its fourth-quarter 2023 adjusted operating margin to be 2% to 4%. American now expects its full-year 2023 adjusted operating margin to be approximately 7%."
A consensus of analyst estimates from Refinitiv data suggests the following in terms of the upcoming results:
- Q4 2023 revenue to have decreased by 1.3% year-on-year (y/y)
- Full Year 2023 (FY 2023) revenue to have increased by 7.7% from the previous year to $52.754bn
- Q4 2023 earnings per share of $0.10
- FY 2023 earnings per share of $2.46.
How to trade the American Airline results
As of 22 January 2024, a Refinitiv poll of analyst/broker ratings on American Airlines suggests the share to be a hold at current levels. However, a mean of these analyst price targets suggests the stock price is currently trading at a 12% discount to what is deemed a longer-term fair value for the counter.
Analyst/broker ratings
American Airlines share price: technical view
The share price of American Airlines currently trades in a broad sideways trend over the long term. In the near term, we have seen a bullish price reversal off the $12.85 support level and from oversold territory. $14.70 becomes the initial resistance target from the move, while a close below the $12.85 support level might be used as a stop-loss indication.
To unlock meaningful gains, traders might hope to see a break above resistance ($14.70), confirmed with a close, in which case $17.40 would become a further upside resistance target from the move.
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