Delta Air Lines (DAL) closed the most recent trading day at $54.95, moving -0.79% from the previous trading session. This change lagged the S&P 500's 0.58% loss on the day. At the same time, the Dow lost 0.38%, and the tech-heavy Nasdaq lost 1.04%.
Prior to today's trading, shares of the airline had lost 4.8% over the past month. This has lagged the Transportation sector's loss of 1.82% and the S&P 500's loss of 0.88% in that time.
Investors will be hoping for strength from DAL as it approaches its next earnings release. In that report, analysts expect DAL to post earnings of $2.15 per share. This would mark year-over-year growth of 21.47%. Meanwhile, our latest consensus estimate is calling for revenue of $12.36 billion, up 4.93% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.65 per share and revenue of $46.51 billion, which would represent changes of +17.7% and +4.67%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for DAL. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.08% lower. DAL is currently a Zacks Rank #3 (Hold).
Digging into valuation, DAL currently has a Forward P/E ratio of 8.33. This valuation marks a discount compared to its industry's average Forward P/E of 10.13.
Investors should also note that DAL has a PEG ratio of 0.67 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. DAL's industry had an average PEG ratio of 0.76 as of yesterday's close.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 188, putting it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
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Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
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