The stock’s movement comes during a mixed market day, where the S&P 500 is slightly down by 0.01%, while the Industrials sector, which includes American Airlines, is up by 0.38%.Earnings Beat But Cuts Full-Year GuidanceAmerican Airlines reported an adjusted EPS of 15 cents, surpassing the 3-cent estimate, while revenue rose 16.3% to $16.735 billion, beating expectations of $16.707 billion. However, the airline also lowered its full-year adjusted EPS guidance to a loss of 65 cents, reflecting increased fuel costs that have surged by more than $700 million since early July.American expects third-quarter adjusted losses of $0.70 to $0.10 per share, versus the $0.12 earnings estimate.The outlook implies third-quarter revenue of approximately $15.882 billion-$16.292 billion, versus the $15.899 billion estimate.The airline lowered full-year adjusted EPS guidance to a loss of $0.65 through earnings of $0.65 from a prior loss of $0.40 through earnings of $1.10, versus the $0.65 estimate, reflecting higher fuel costsAnalyst Consensus & Recent Actions: The stock carries a Hold rating with an average price forecast of $19.28. Recent analyst moves include:
Citigroup: Buy (Lowers Target to $19.00) (July 24)
