One company that should be on your radar is American Airlines Group Inc. (AAL). The stock of this Airline industry has seen its Zacks Rank surge over the past four weeks, moving from Neutral to its current position as a Strong Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For AAL’s full year estimate, we have seen 6 estimates go higher in the past 30 days, and there has been no downward revision over the same time frame. This trend has helped the consensus estimate to trend higher, going from $3.35 a share a month ago to its current level at $4.39.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, AAL has seen some pretty solid trading lately, as the company has moved higher by 14.6% in the past month.
If American Airlines can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put AAL on your watch list for the future.
Other top-ranked stocks worth considering in this space include Air France-KLM SA (AFLYY), Alaska Air Group, Inc. (ALK) and JetBlue Airways Corporation (JBLU). All these carry a Zacks Rank #2 (Buy).
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