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Here's Why Delta Air Lines (DAL) Fell More Than Broader Market
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In the latest trading session, Delta Air Lines (DAL - Free Report) closed at $69.50, marking a -2.69% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 1.57%. On the other hand, the Dow registered a loss of 1.34%, and the technology-centric Nasdaq decreased by 2.04%.
Heading into today, shares of the airline had gained 4.28% over the past month, lagging the Transportation sector's gain of 10.23% and outpacing the S&P 500's loss of 0.29%.
The upcoming earnings release of Delta Air Lines will be of great interest to investors. It is anticipated that the company will report an EPS of $0.72, marking a 56.52% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.57 billion, up 3.74% from the year-ago period.
DAL's full-year Zacks Consensus Estimates are calling for earnings of $7.22 per share and revenue of $65.96 billion. These results would represent year-over-year changes of +24.05% and +4.1%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Delta Air Lines. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.22% lower. As of now, Delta Air Lines holds a Zacks Rank of #3 (Hold).
Digging into valuation, Delta Air Lines currently has a Forward P/E ratio of 9.89. This indicates a discount in contrast to its industry's Forward P/E of 10.13.
Meanwhile, DAL's PEG ratio is currently 0.69. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Transportation - Airline industry had an average PEG ratio of 0.56 as trading concluded yesterday.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 28, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.
View the Zacks #1 Rank List
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Here's Why Delta Air Lines (DAL) Fell More Than Broader Market
In the latest trading session, Delta Air Lines (DAL - Free Report) closed at $69.50, marking a -2.69% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 1.57%. On the other hand, the Dow registered a loss of 1.34%, and the technology-centric Nasdaq decreased by 2.04%.
Heading into today, shares of the airline had gained 4.28% over the past month, lagging the Transportation sector's gain of 10.23% and outpacing the S&P 500's loss of 0.29%.
The upcoming earnings release of Delta Air Lines will be of great interest to investors. It is anticipated that the company will report an EPS of $0.72, marking a 56.52% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.57 billion, up 3.74% from the year-ago period.
DAL's full-year Zacks Consensus Estimates are calling for earnings of $7.22 per share and revenue of $65.96 billion. These results would represent year-over-year changes of +24.05% and +4.1%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Delta Air Lines. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.22% lower. As of now, Delta Air Lines holds a Zacks Rank of #3 (Hold).
Digging into valuation, Delta Air Lines currently has a Forward P/E ratio of 9.89. This indicates a discount in contrast to its industry's Forward P/E of 10.13.
Meanwhile, DAL's PEG ratio is currently 0.69. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Transportation - Airline industry had an average PEG ratio of 0.56 as trading concluded yesterday.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 28, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.