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Delta Air Lines (DAL) Gains As Market Dips: What You Should Know
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Delta Air Lines (DAL - Free Report) ended the recent trading session at $85.92, demonstrating a +2.07% change from the preceding day's closing price. This move outpaced the S&P 500's daily loss of 0.37%. Meanwhile, the Dow experienced a rise of 0.29%, and the technology-dominated Nasdaq saw a decrease of 1.33%.
The airline's shares have seen an increase of 10.56% over the last month, surpassing the Transportation sector's gain of 4.68% and the S&P 500's gain of 2.02%.
Analysts and investors alike will be keeping a close eye on the performance of Delta Air Lines in its upcoming earnings disclosure. The company is expected to report EPS of $1.49, down 29.05% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $17.42 billion, indicating a 4.65% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.52 per share and a revenue of $65.1 billion, representing changes of -5.15% and +2.74%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Delta Air Lines. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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, there's been a 4.96% rise in the Zacks Consensus EPS estimate. Delta Air Lines is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Delta Air Lines is presently being traded at a Forward P/E ratio of 15.24. This signifies a premium in comparison to the average Forward P/E of 11.82 for its industry.
It is also worth noting that DAL currently has a PEG ratio of 1.16. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Transportation - Airline industry had an average PEG ratio of 0.94.
The Transportation - Airline industry is part of the Transportation sector. With its current Zacks Industry Rank of 202, this industry ranks in the bottom 18% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Delta Air Lines (DAL) Gains As Market Dips: What You Should Know
Delta Air Lines (DAL - Free Report) ended the recent trading session at $85.92, demonstrating a +2.07% change from the preceding day's closing price. This move outpaced the S&P 500's daily loss of 0.37%. Meanwhile, the Dow experienced a rise of 0.29%, and the technology-dominated Nasdaq saw a decrease of 1.33%.
The airline's shares have seen an increase of 10.56% over the last month, surpassing the Transportation sector's gain of 4.68% and the S&P 500's gain of 2.02%.
Analysts and investors alike will be keeping a close eye on the performance of Delta Air Lines in its upcoming earnings disclosure. The company is expected to report EPS of $1.49, down 29.05% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $17.42 billion, indicating a 4.65% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.52 per share and a revenue of $65.1 billion, representing changes of -5.15% and +2.74%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Delta Air Lines. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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, there's been a 4.96% rise in the Zacks Consensus EPS estimate. Delta Air Lines is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Delta Air Lines is presently being traded at a Forward P/E ratio of 15.24. This signifies a premium in comparison to the average Forward P/E of 11.82 for its industry.
It is also worth noting that DAL currently has a PEG ratio of 1.16. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Transportation - Airline industry had an average PEG ratio of 0.94.
The Transportation - Airline industry is part of the Transportation sector. With its current Zacks Industry Rank of 202, this industry ranks in the bottom 18% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.