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Delta Air Lines (DAL) Stock Sinks As Market Gains: What You Should Know
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Delta Air Lines (DAL - Free Report) closed the most recent trading day at $78.21, moving -1.52% from the previous trading session. This change lagged the S&P 500's 0.3% gain on the day. Meanwhile, the Dow experienced a drop of 0.16%, and the technology-dominated Nasdaq saw an increase of 0.86%.
Prior to today's trading, shares of the airline had gained 8.3% outpaced the Transportation sector's gain of 4.42% and the S&P 500's gain of 1.92%.
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 $1.49, marking a 29.05% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $17.42 billion, up 4.65% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.37 per share and a revenue of $65.37 billion, indicating changes of -7.73% and +3.17%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Delta Air Lines. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.5% higher within the past month. At present, Delta Air Lines boasts a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Delta Air Lines has a Forward P/E ratio of 14.78 right now. Its industry sports an average Forward P/E of 11.17, so one might conclude that Delta Air Lines is trading at a premium comparatively.
Investors should also note that DAL has a PEG ratio of 1.12 right now. 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. By the end of yesterday's trading, the Transportation - Airline industry had an average PEG ratio of 0.98.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 193, which puts it in the bottom 21% of all 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.
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Delta Air Lines (DAL) Stock Sinks As Market Gains: What You Should Know
Delta Air Lines (DAL - Free Report) closed the most recent trading day at $78.21, moving -1.52% from the previous trading session. This change lagged the S&P 500's 0.3% gain on the day. Meanwhile, the Dow experienced a drop of 0.16%, and the technology-dominated Nasdaq saw an increase of 0.86%.
Prior to today's trading, shares of the airline had gained 8.3% outpaced the Transportation sector's gain of 4.42% and the S&P 500's gain of 1.92%.
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 $1.49, marking a 29.05% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $17.42 billion, up 4.65% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.37 per share and a revenue of $65.37 billion, indicating changes of -7.73% and +3.17%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Delta Air Lines. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.5% higher within the past month. At present, Delta Air Lines boasts a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Delta Air Lines has a Forward P/E ratio of 14.78 right now. Its industry sports an average Forward P/E of 11.17, so one might conclude that Delta Air Lines is trading at a premium comparatively.
Investors should also note that DAL has a PEG ratio of 1.12 right now. 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. By the end of yesterday's trading, the Transportation - Airline industry had an average PEG ratio of 0.98.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 193, which puts it in the bottom 21% of all 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.