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

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Delta Air Lines (DAL - Free Report) closed at $33.80 in the latest trading session, marking a +0.81% move from the prior day. This change outpaced the S&P 500's 0.74% loss on the day. Meanwhile, the Dow lost 0.9%, and the Nasdaq, a tech-heavy index, lost 0.07%.

Coming into today, shares of the airline had lost 5.52% in the past month. In that same time, the Transportation sector gained 4.17%, while the S&P 500 gained 3.74%.

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%. Our most recent consensus estimate is calling for quarterly revenue of $12.7 billion, up 34.06% from the year-ago period.

DAL's full-year Zacks Consensus Estimates are calling for earnings of $2.88 per share and revenue of $48.53 billion. These results would represent year-over-year changes of +170.59% and +62.31%, respectively.

It is also important to note the recent changes to analyst estimates for Delta Air Lines. 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.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 remained stagnant. Delta Air Lines currently has a Zacks Rank of #3 (Hold).

Digging into valuation, Delta Air Lines currently has a Forward P/E ratio of 11.65. This valuation marks a discount compared to its industry's average Forward P/E of 15.09.

The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 71, which puts it in the top 29% 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.

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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