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Delta Air Lines (DAL) Stock Moves -0.34%: What You Should Know
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Delta Air Lines (DAL - Free Report) closed at $38.65 in the latest trading session, marking a -0.34% move from the prior day. This change was narrower than the S&P 500's 1.08% loss on the day.
Heading into today, shares of the airline had lost 4.62% over the past month, lagging the Transportation sector's gain of 0.61% and the S&P 500's gain of 2.93% in that time.
DAL will be looking to display strength as it nears its next earnings release. In that report, analysts expect DAL to post earnings of $0.39 per share. This would mark year-over-year growth of 111.82%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.66 billion, up 182.84% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$3.51 per share and revenue of $28.68 billion. These totals would mark changes of +67.38% and +67.8%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for DAL. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. DAL is holding a Zacks Rank of #3 (Hold) right now.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 172, putting it in the bottom 33% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Delta Air Lines (DAL) Stock Moves -0.34%: What You Should Know
Delta Air Lines (DAL - Free Report) closed at $38.65 in the latest trading session, marking a -0.34% move from the prior day. This change was narrower than the S&P 500's 1.08% loss on the day.
Heading into today, shares of the airline had lost 4.62% over the past month, lagging the Transportation sector's gain of 0.61% and the S&P 500's gain of 2.93% in that time.
DAL will be looking to display strength as it nears its next earnings release. In that report, analysts expect DAL to post earnings of $0.39 per share. This would mark year-over-year growth of 111.82%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.66 billion, up 182.84% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$3.51 per share and revenue of $28.68 billion. These totals would mark changes of +67.38% and +67.8%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for DAL. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. DAL is holding a Zacks Rank of #3 (Hold) right now.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 172, putting it in the bottom 33% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.