Yahoo Finance Delta Air Lines (DAL) Gains As Market Dips: What You Should Know
Delta Air Lines (DAL) closed at $35.10 in the latest trading session, marking a +1.77% move from the prior day. This move outpaced the S&P 500's daily loss of 0.03%. Meanwhile, the Dow gained 0.45%, and the Nasdaq, a tech-heavy index, lost 0.05%.
Heading into today, shares of the airline had gained 1.17% over the past month, lagging the Transportation sector's gain of 11.37% and the S&P 500's gain of 6.23% in that time.
Investors will be hoping for strength from Delta Air Lines as it approaches its next earnings release. In that report, analysts expect Delta Air Lines to post earnings of $1.13 per share. This would mark year-over-year growth of 413.64%. Meanwhile, our latest consensus estimate is calling for revenue of $12.7 billion, up 34.06% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.89 per share and revenue of $48.97 billion. These totals would mark changes of +170.83% and +63.77%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Delta Air Lines. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Delta Air Lines is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Delta Air Lines is holding a Forward P/E ratio of 11.93. For comparison, its industry has an average Forward P/E of 15.58, which means Delta Air Lines is trading at a discount to the group.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 63, which puts it in the top 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
