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) Laps the Stock Market: Here's Why
Read MoreHide Full Article
In the latest close session, Delta Air Lines (DAL - Free Report) was up +2.04% at $75.63. The stock's performance was ahead of the S&P 500's daily gain of 0.17%. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, added 0.09%.
Shares of the airline have appreciated by 8.35% over the course of the past month, outperforming the Transportation sector's loss of 0.9%, and the S&P 500's gain of 4.59%.
The investment community will be paying close attention to the earnings performance of Delta Air Lines in its upcoming release. The company's earnings per share (EPS) are projected to be $1.49, reflecting a 29.05% decrease from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $17.42 billion, indicating a 4.65% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $5.26 per share and a revenue of $65.37 billion, demonstrating changes of -9.62% and +3.17%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Delta Air Lines. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.69% lower. Currently, Delta Air Lines is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Delta Air Lines is currently trading at a Forward P/E ratio of 14.09. This signifies a premium in comparison to the average Forward P/E of 10.77 for its industry.
It's also important to note that DAL currently trades at a PEG ratio of 1.07. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Transportation - Airline industry had an average PEG ratio of 0.94 as trading concluded yesterday.
The Transportation - Airline industry is part of the Transportation sector. At present, this industry carries a Zacks Industry Rank of 203, placing it within the bottom 17% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Delta Air Lines (DAL) Laps the Stock Market: Here's Why
In the latest close session, Delta Air Lines (DAL - Free Report) was up +2.04% at $75.63. The stock's performance was ahead of the S&P 500's daily gain of 0.17%. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, added 0.09%.
Shares of the airline have appreciated by 8.35% over the course of the past month, outperforming the Transportation sector's loss of 0.9%, and the S&P 500's gain of 4.59%.
The investment community will be paying close attention to the earnings performance of Delta Air Lines in its upcoming release. The company's earnings per share (EPS) are projected to be $1.49, reflecting a 29.05% decrease from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $17.42 billion, indicating a 4.65% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $5.26 per share and a revenue of $65.37 billion, demonstrating changes of -9.62% and +3.17%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Delta Air Lines. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.69% lower. Currently, Delta Air Lines is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Delta Air Lines is currently trading at a Forward P/E ratio of 14.09. This signifies a premium in comparison to the average Forward P/E of 10.77 for its industry.
It's also important to note that DAL currently trades at a PEG ratio of 1.07. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Transportation - Airline industry had an average PEG ratio of 0.94 as trading concluded yesterday.
The Transportation - Airline industry is part of the Transportation sector. At present, this industry carries a Zacks Industry Rank of 203, placing it within the bottom 17% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.