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Unlocking Q1 Potential of Delta (DAL): Exploring Wall Street Estimates for Key Metrics
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In its upcoming report, Delta Air Lines (DAL - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.63 per share, reflecting an increase of 37% compared to the same period last year. Revenues are forecasted to be $14.82 billion, representing a year-over-year increase of 5.6%.
The consensus EPS estimate for the quarter has been revised 12.3% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Delta metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Operating Revenues- Passenger' to come in at $12.06 billion. The estimate suggests a change of +5% year over year.
Analysts predict that the 'Operating Revenues- Cargo' will reach $213.28 million. The estimate indicates a change of +2.5% from the prior-year quarter.
According to the collective judgment of analysts, 'Operating Revenues- Other' should come in at $2.50 billion. The estimate indicates a change of +6.4% from the prior-year quarter.
Analysts' assessment points toward 'Passenger load factor' reaching 83.0%. The estimate is in contrast to the year-ago figure of 81.4%.
It is projected by analysts that the 'Revenue passenger miles' will reach 58.37 billion. The estimate compares to the year-ago value of 55.68 billion.
The collective assessment of analysts points to an estimated 'CASM - Ex' of N/A. Compared to the current estimate, the company reported N/A in the same quarter of the previous year.
The average prediction of analysts places 'Available seat miles' at 70.14 billion. The estimate is in contrast to the year-ago figure of 68.40 billion.
The consensus estimate for 'TRASM, adjusted' stands at N/A. The estimate compares to the year-ago value of N/A.
The combined assessment of analysts suggests that 'Passenger revenue per available seat mile' will likely reach N/A. The estimate is in contrast to the year-ago figure of N/A.
The consensus among analysts is that 'Total revenue per available seat mile' will reach N/A. Compared to the present estimate, the company reported N/A in the same quarter last year.
Based on the collective assessment of analysts, 'Passenger mile yield' should arrive at N/A. Compared to the current estimate, the company reported N/A in the same quarter of the previous year.
Analysts forecast 'Cost per available seat mile' to reach N/A. Compared to the current estimate, the company reported N/A in the same quarter of the previous year.
Delta shares have witnessed a change of +8.9% in the past month, in contrast to the Zacks S&P 500 composite's -4.2% move. With a Zacks Rank #3 (Hold), DAL is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Unlocking Q1 Potential of Delta (DAL): Exploring Wall Street Estimates for Key Metrics
In its upcoming report, Delta Air Lines (DAL - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.63 per share, reflecting an increase of 37% compared to the same period last year. Revenues are forecasted to be $14.82 billion, representing a year-over-year increase of 5.6%.
The consensus EPS estimate for the quarter has been revised 12.3% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Delta metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Operating Revenues- Passenger' to come in at $12.06 billion. The estimate suggests a change of +5% year over year.
Analysts predict that the 'Operating Revenues- Cargo' will reach $213.28 million. The estimate indicates a change of +2.5% from the prior-year quarter.
According to the collective judgment of analysts, 'Operating Revenues- Other' should come in at $2.50 billion. The estimate indicates a change of +6.4% from the prior-year quarter.
Analysts' assessment points toward 'Passenger load factor' reaching 83.0%. The estimate is in contrast to the year-ago figure of 81.4%.
It is projected by analysts that the 'Revenue passenger miles' will reach 58.37 billion. The estimate compares to the year-ago value of 55.68 billion.
The collective assessment of analysts points to an estimated 'CASM - Ex' of N/A. Compared to the current estimate, the company reported N/A in the same quarter of the previous year.
The average prediction of analysts places 'Available seat miles' at 70.14 billion. The estimate is in contrast to the year-ago figure of 68.40 billion.
The consensus estimate for 'TRASM, adjusted' stands at N/A. The estimate compares to the year-ago value of N/A.
The combined assessment of analysts suggests that 'Passenger revenue per available seat mile' will likely reach N/A. The estimate is in contrast to the year-ago figure of N/A.
The consensus among analysts is that 'Total revenue per available seat mile' will reach N/A. Compared to the present estimate, the company reported N/A in the same quarter last year.
Based on the collective assessment of analysts, 'Passenger mile yield' should arrive at N/A. Compared to the current estimate, the company reported N/A in the same quarter of the previous year.
Analysts forecast 'Cost per available seat mile' to reach N/A. Compared to the current estimate, the company reported N/A in the same quarter of the previous year.
View all Key Company Metrics for Delta here>>>Delta shares have witnessed a change of +8.9% in the past month, in contrast to the Zacks S&P 500 composite's -4.2% move. With a Zacks Rank #3 (Hold), DAL is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .