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Compared to Estimates, Delta (DAL) Q2 Earnings: A Look at Key Metrics
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Delta Air Lines (DAL - Free Report) reported $15.58 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 12.7%. EPS of $2.68 for the same period compares to $1.44 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $14.99 billion, representing a surprise of +3.91%. The company delivered an EPS surprise of +10.74%, with the consensus EPS estimate being $2.42.
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:
Available seat miles - Consolidated: 68993 million versus the four-analyst average estimate of 68913.53 million.
Adjusted- Average fuel price per gallon: $2.52 versus the four-analyst average estimate of $2.64.
Passenger Load Factor: 88% versus the four-analyst average estimate of 85.83%.
Adjusted - Total unit revenues - TRASM: 21.18 cents compared to the 20.84 cents average estimate based on four analysts.
Passenger Revenue Per Available Seat Mile: 19.14 cents versus 18.15 cents estimated by four analysts on average.
Cost per Available Seat Mile (CASM) - Ex: 13.06 cents versus the four-analyst average estimate of 13.09 cents.
Fuel Gallons Consumed - Consolidated: 997 Mgal versus 974.29 Mgal estimated by three analysts on average.
Passenger Mile Yield: 21.72 cents versus 21.1 cents estimated by three analysts on average.
Total revenue per available seat mile (TRASM): 22.58 cents versus the three-analyst average estimate of 21.31 cents.
Operating Revenues- Passenger: $13.21 billion versus the five-analyst average estimate of $12.59 billion. The reported number represents a year-over-year change of +20.5%.
Operating Revenues- Cargo: $172 million compared to the $253.77 million average estimate based on five analysts. The reported number represents a change of -36.8% year over year.
Operating Revenues- Other net: $2.20 billion versus the four-analyst average estimate of $2.10 billion. The reported number represents a year-over-year change of -15.2%.
Shares of Delta have returned +13.7% over the past month versus the Zacks S&P 500 composite's +3.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Compared to Estimates, Delta (DAL) Q2 Earnings: A Look at Key Metrics
Delta Air Lines (DAL - Free Report) reported $15.58 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 12.7%. EPS of $2.68 for the same period compares to $1.44 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $14.99 billion, representing a surprise of +3.91%. The company delivered an EPS surprise of +10.74%, with the consensus EPS estimate being $2.42.
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:
- Available seat miles - Consolidated: 68993 million versus the four-analyst average estimate of 68913.53 million.
- Adjusted- Average fuel price per gallon: $2.52 versus the four-analyst average estimate of $2.64.
- Passenger Load Factor: 88% versus the four-analyst average estimate of 85.83%.
- Adjusted - Total unit revenues - TRASM: 21.18 cents compared to the 20.84 cents average estimate based on four analysts.
- Passenger Revenue Per Available Seat Mile: 19.14 cents versus 18.15 cents estimated by four analysts on average.
- Cost per Available Seat Mile (CASM) - Ex: 13.06 cents versus the four-analyst average estimate of 13.09 cents.
- Fuel Gallons Consumed - Consolidated: 997 Mgal versus 974.29 Mgal estimated by three analysts on average.
- Passenger Mile Yield: 21.72 cents versus 21.1 cents estimated by three analysts on average.
- Total revenue per available seat mile (TRASM): 22.58 cents versus the three-analyst average estimate of 21.31 cents.
- Operating Revenues- Passenger: $13.21 billion versus the five-analyst average estimate of $12.59 billion. The reported number represents a year-over-year change of +20.5%.
- Operating Revenues- Cargo: $172 million compared to the $253.77 million average estimate based on five analysts. The reported number represents a change of -36.8% year over year.
- Operating Revenues- Other net: $2.20 billion versus the four-analyst average estimate of $2.10 billion. The reported number represents a year-over-year change of -15.2%.
View all Key Company Metrics for Delta here>>>Shares of Delta have returned +13.7% over the past month versus the Zacks S&P 500 composite's +3.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.