Delta Air Lines (DAL) Dips More Than Broader Markets: What You Should Know
Delta Air Lines (DAL) closed the most recent trading day at $49.03, moving -1.47% from the previous trading session. This move lagged the S&P 500's daily loss of 0.08%. At the same time, the Dow added 0.06%, and the tech-heavy Nasdaq lost 0.07%.
Coming into today, shares of the airline had lost 3.34% in the past month. In that same time, the Transportation sector lost 4.21%, while the S&P 500 gained 0.52%.
Wall Street will be looking for positivity from DAL as it approaches its next earnings report date. On that day, DAL is projected to report earnings of $0.82 per share, which would represent year-over-year growth of 10.81%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $10.37 billion, up 3.99% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.50 per share and revenue of $46.30 billion, which would represent changes of +15.04% and +4.19%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for DAL. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Within the past 30 days, our consensus EPS projection has moved 0.57% lower. DAL is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, DAL currently has a Forward P/E ratio of 7.66. This valuation marks a discount compared to its industry's average Forward P/E of 9.35.
Investors should also note that DAL has a PEG ratio of 0.69 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Transportation - Airline was holding an average PEG ratio of 0.5 at yesterday's closing price.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 16, putting it in the top 7% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
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