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Delta Air Lines (DAL) Stock Sinks As Market Gains: What You Should Know

Zacks Equity Research

Delta Air Lines (DAL) closed the most recent trading day at $30.71, moving -0.45% from the previous trading session. This move lagged the S&P 500's daily gain of 0.75%. Meanwhile, the Dow gained 0.76%, and the Nasdaq, a tech-heavy index, added 1.4%.

Heading into today, shares of the airline had gained 22.42% over the past month, outpacing the Transportation sector's gain of 11.42% and the S&P 500's gain of 7% 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 -$3.03 per share. This would mark a year-over-year decline of 230.6%. Our most recent consensus estimate is calling for quarterly revenue of $3.19 billion, down 74.59% from the year-ago period.

DAL's full-year Zacks Consensus Estimates are calling for earnings of -$9.48 per share and revenue of $18.15 billion. These results would represent year-over-year changes of -229.69% and -61.4%, respectively.

Any recent changes to analyst estimates for DAL should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-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. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. DAL is currently a Zacks Rank #4 (Sell).

The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 241, putting it in the bottom 6% 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.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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