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Delta Air Lines (DAL) Dips More Than Broader Market: What You Should Know
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In the latest close session, Delta Air Lines (DAL - Free Report) was down 1.22% at $78.83. This change lagged the S&P 500's daily loss of 0.45%. At the same time, the Dow lost 0.63%, and the tech-heavy Nasdaq lost 0.78%.
Coming into today, shares of the airline had lost 8.89% in the past month. In that same time, the Transportation sector lost 4.89%, while the S&P 500 lost 1.99%.
Investors will be eagerly watching for the performance of Delta Air Lines in its upcoming earnings disclosure. The company's upcoming EPS is projected at $2.03, signifying a 18.71% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $17.67 billion, up 6% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.23 per share and revenue of $66.58 billion. These totals would mark changes of +7.04% and +5.08%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Delta Air Lines. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 4.7% downward. As of now, Delta Air Lines holds a Zacks Rank of #4 (Sell).
From a valuation perspective, Delta Air Lines is currently exchanging hands at a Forward P/E ratio of 12.81. For comparison, its industry has an average Forward P/E of 11.06, which means Delta Air Lines is trading at a premium to the group.
Also, we should mention that DAL has a PEG ratio of 1.1. 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. The average PEG ratio for the Transportation - Airline industry stood at 0.88 at the close of the market yesterday.
The Transportation - Airline industry is part of the Transportation sector. At present, this industry carries a Zacks Industry Rank of 216, placing it within the bottom 13% of over 250 industries.
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.
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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Delta Air Lines (DAL) Dips More Than Broader Market: What You Should Know
In the latest close session, Delta Air Lines (DAL - Free Report) was down 1.22% at $78.83. This change lagged the S&P 500's daily loss of 0.45%. At the same time, the Dow lost 0.63%, and the tech-heavy Nasdaq lost 0.78%.
Coming into today, shares of the airline had lost 8.89% in the past month. In that same time, the Transportation sector lost 4.89%, while the S&P 500 lost 1.99%.
Investors will be eagerly watching for the performance of Delta Air Lines in its upcoming earnings disclosure. The company's upcoming EPS is projected at $2.03, signifying a 18.71% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $17.67 billion, up 6% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.23 per share and revenue of $66.58 billion. These totals would mark changes of +7.04% and +5.08%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Delta Air Lines. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 4.7% downward. As of now, Delta Air Lines holds a Zacks Rank of #4 (Sell).
From a valuation perspective, Delta Air Lines is currently exchanging hands at a Forward P/E ratio of 12.81. For comparison, its industry has an average Forward P/E of 11.06, which means Delta Air Lines is trading at a premium to the group.
Also, we should mention that DAL has a PEG ratio of 1.1. 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. The average PEG ratio for the Transportation - Airline industry stood at 0.88 at the close of the market yesterday.
The Transportation - Airline industry is part of the Transportation sector. At present, this industry carries a Zacks Industry Rank of 216, placing it within the bottom 13% of over 250 industries.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.