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Delta Air Lines (DAL) Advances While Market Declines: Some Information for Investors
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Delta Air Lines (DAL - Free Report) closed at $71.27 in the latest trading session, marking a +2.09% move from the prior day. This move outpaced the S&P 500's daily loss of 0.16%. Meanwhile, the Dow experienced a drop of 0.09%, and the technology-dominated Nasdaq saw a decrease of 0.59%.
Heading into today, shares of the airline had gained 19.52% over the past month, outpacing the Transportation sector's gain of 6.47% and the S&P 500's loss of 0.21%.
The investment community will be paying close attention to the earnings performance of Delta Air Lines in its upcoming release. The company is forecasted to report an EPS of $1.63, showcasing a 11.89% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $15.79 billion, up 1.49% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $5.9 per share and a revenue of $63.01 billion, demonstrating changes of -4.22% and +2.22%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Delta Air Lines. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Within the past 30 days, our consensus EPS projection has moved 2.03% lower. Delta Air Lines presently features a Zacks Rank of #3 (Hold).
Looking at its valuation, Delta Air Lines is holding a Forward P/E ratio of 11.84. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 11.84.
Investors should also note that DAL has a PEG ratio of 1.63 right now. 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 0.8 at the close of the market yesterday.
The Transportation - Airline industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 95, positioning it in the top 39% of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Delta Air Lines (DAL) Advances While Market Declines: Some Information for Investors
Delta Air Lines (DAL - Free Report) closed at $71.27 in the latest trading session, marking a +2.09% move from the prior day. This move outpaced the S&P 500's daily loss of 0.16%. Meanwhile, the Dow experienced a drop of 0.09%, and the technology-dominated Nasdaq saw a decrease of 0.59%.
Heading into today, shares of the airline had gained 19.52% over the past month, outpacing the Transportation sector's gain of 6.47% and the S&P 500's loss of 0.21%.
The investment community will be paying close attention to the earnings performance of Delta Air Lines in its upcoming release. The company is forecasted to report an EPS of $1.63, showcasing a 11.89% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $15.79 billion, up 1.49% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $5.9 per share and a revenue of $63.01 billion, demonstrating changes of -4.22% and +2.22%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Delta Air Lines. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Within the past 30 days, our consensus EPS projection has moved 2.03% lower. Delta Air Lines presently features a Zacks Rank of #3 (Hold).
Looking at its valuation, Delta Air Lines is holding a Forward P/E ratio of 11.84. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 11.84.
Investors should also note that DAL has a PEG ratio of 1.63 right now. 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 0.8 at the close of the market yesterday.
The Transportation - Airline industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 95, positioning it in the top 39% of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.