We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Delta Air Lines (DAL) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
In the latest trading session, Delta Air Lines (DAL - Free Report) closed at $51.48, marking a +0.47% move from the previous day. This change outpaced the S&P 500's 0.35% loss on the day. Meanwhile, the Dow lost 0.4%, and the Nasdaq, a tech-heavy index, lost 0.39%.
Prior to today's trading, shares of the airline had gained 8.33% over the past month. This has outpaced the Transportation sector's gain of 7.68% and the S&P 500's gain of 4.48% in that time.
Wall Street will be looking for positivity from DAL as it approaches its next earnings report date. The company is expected to report EPS of $0.83, up 12.16% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $10.35 billion, up 3.82% from the year-ago period.
DAL's full-year Zacks Consensus Estimates are calling for earnings of $6.54 per share and revenue of $46.28 billion. These results would represent year-over-year changes of +15.75% and +4.15%, respectively.
It is also important to note the recent changes to analyst estimates for DAL. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 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 0.36% higher. DAL currently has a Zacks Rank of #3 (Hold).
Digging into valuation, DAL currently has a Forward P/E ratio of 7.84. This represents a discount compared to its industry's average Forward P/E of 9.73.
Meanwhile, DAL's PEG ratio is currently 0.59. 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. The Transportation - Airline industry currently had an average PEG ratio of 0.72 as of yesterday's close.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 8, which puts it in the top 4% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Delta Air Lines (DAL) Gains As Market Dips: What You Should Know
In the latest trading session, Delta Air Lines (DAL - Free Report) closed at $51.48, marking a +0.47% move from the previous day. This change outpaced the S&P 500's 0.35% loss on the day. Meanwhile, the Dow lost 0.4%, and the Nasdaq, a tech-heavy index, lost 0.39%.
Prior to today's trading, shares of the airline had gained 8.33% over the past month. This has outpaced the Transportation sector's gain of 7.68% and the S&P 500's gain of 4.48% in that time.
Wall Street will be looking for positivity from DAL as it approaches its next earnings report date. The company is expected to report EPS of $0.83, up 12.16% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $10.35 billion, up 3.82% from the year-ago period.
DAL's full-year Zacks Consensus Estimates are calling for earnings of $6.54 per share and revenue of $46.28 billion. These results would represent year-over-year changes of +15.75% and +4.15%, respectively.
It is also important to note the recent changes to analyst estimates for DAL. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 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 0.36% higher. DAL currently has a Zacks Rank of #3 (Hold).
Digging into valuation, DAL currently has a Forward P/E ratio of 7.84. This represents a discount compared to its industry's average Forward P/E of 9.73.
Meanwhile, DAL's PEG ratio is currently 0.59. 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. The Transportation - Airline industry currently had an average PEG ratio of 0.72 as of yesterday's close.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 8, which puts it in the top 4% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.