We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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) Stock Sinks As Market Gains: Here's Why
Read MoreHide Full Article
In the latest trading session, Delta Air Lines (DAL - Free Report) closed at $60.68, marking a -1.75% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.27% for the day. Elsewhere, the Dow saw an upswing of 0.43%, while the tech-heavy Nasdaq appreciated by 0.37%.
Prior to today's trading, shares of the airline had gained 15.44% outpaced the Transportation sector's gain of 1.99% and the S&P 500's gain of 1.85%.
The investment community will be closely monitoring the performance of Delta Air Lines in its forthcoming earnings report. It is anticipated that the company will report an EPS of $1.48, marking a 1.33% fall compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $15.77 billion, showing a 0.59% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.63 per share and a revenue of $61.84 billion, indicating changes of -8.6% and +0.32%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Delta Air Lines. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Delta Air Lines currently has a Zacks Rank of #3 (Hold).
In the context of valuation, Delta Air Lines is at present trading with a Forward P/E ratio of 10.97. This indicates a premium in contrast to its industry's Forward P/E of 10.52.
Meanwhile, DAL's PEG ratio is currently 1.93. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Transportation - Airline industry stood at 0.82 at the close of the market yesterday.
The Transportation - Airline industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 60, finds itself in the top 25% echelons 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding 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) Stock Sinks As Market Gains: Here's Why
In the latest trading session, Delta Air Lines (DAL - Free Report) closed at $60.68, marking a -1.75% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.27% for the day. Elsewhere, the Dow saw an upswing of 0.43%, while the tech-heavy Nasdaq appreciated by 0.37%.
Prior to today's trading, shares of the airline had gained 15.44% outpaced the Transportation sector's gain of 1.99% and the S&P 500's gain of 1.85%.
The investment community will be closely monitoring the performance of Delta Air Lines in its forthcoming earnings report. It is anticipated that the company will report an EPS of $1.48, marking a 1.33% fall compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $15.77 billion, showing a 0.59% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.63 per share and a revenue of $61.84 billion, indicating changes of -8.6% and +0.32%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Delta Air Lines. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Delta Air Lines currently has a Zacks Rank of #3 (Hold).
In the context of valuation, Delta Air Lines is at present trading with a Forward P/E ratio of 10.97. This indicates a premium in contrast to its industry's Forward P/E of 10.52.
Meanwhile, DAL's PEG ratio is currently 1.93. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Transportation - Airline industry stood at 0.82 at the close of the market yesterday.
The Transportation - Airline industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 60, finds itself in the top 25% echelons 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.