For the quarter ended March 2023, Delta Air Lines (DAL - Free Report) reported revenue of $12.76 billion, up 36.5% over the same period last year. EPS came in at $0.25, compared to -$1.23 in the year-ago quarter.
The reported revenue represents a surprise of -0.07% over the Zacks Consensus Estimate of $12.77 billion. With the consensus EPS estimate being $0.29, the EPS surprise was -13.79%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Delta performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Operating Cost Per Available Seat Mile: 21.25 cents compared to the 19.26 cents average estimate based on four analysts.
- Passenger Revenue Per Available Seat Mile: 16.97 cents compared to the 17.16 cents average estimate based on four analysts.
- Total revenue per available seat mile (TRASM): 20.8 cents versus 20.37 cents estimated by four analysts on average.
- Cost per Available Seat Mile (CASM) - Ex: 13.86 cents compared to the 13.75 cents average estimate based on four analysts.
- Adjusted - Total unit revenues - TRASM: 19.3 cents compared to the 19.5 cents average estimate based on four analysts.
- Average price per fuel gallon, net of hedging gains: $3.01 compared to the $3.17 average estimate based on four analysts.
- Available seat miles - Consolidated: 61351 million versus the four-analyst average estimate of 61725.09 million.
- Passenger Mile Yield: 20.95 cents compared to the 20.06 cents average estimate based on three analysts.
- Passenger Load Factor: 81% compared to the 84.53% average estimate based on three analysts.
- Operating Revenues- Other net: $2.14 billion versus $1.94 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -0.6% change.
- Operating Revenues- Cargo: $209 million compared to the $286.90 million average estimate based on four analysts. The reported number represents a change of -27.7% year over year.
- Operating Revenues- Passenger: $10.41 billion versus the four-analyst average estimate of $10.60 billion. The reported number represents a year-over-year change of +50.7%.
View all Key Company Metrics for Delta here>>>
Shares of Delta have returned +1.5% over the past month versus the Zacks S&P 500 composite's +6.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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For the quarter ended March 2023, Delta Air Lines (DAL - Free Report) reported revenue of $12.76 billion, up 36.5% over the same period last year. EPS came in at $0.25, compared to -$1.23 in the year-ago quarter.
The reported revenue represents a surprise of -0.07% over the Zacks Consensus Estimate of $12.77 billion. With the consensus EPS estimate being $0.29, the EPS surprise was -13.79%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Delta performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Delta here>>>
Shares of Delta have returned +1.5% over the past month versus the Zacks S&P 500 composite's +6.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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