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Delta Air Lines (DAL) Stock Moves -0.78%: What You Should Know
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Delta Air Lines (DAL - Free Report) closed at $53.29 in the latest trading session, marking a -0.78% move from the prior day. This move was narrower than the S&P 500's daily loss of 1.73%. Meanwhile, the Dow lost 1.19%, and the Nasdaq, a tech-heavy index, lost 2.07%.
Prior to today's trading, shares of the airline had lost 7.4% over the past month. This has was narrower than the Transportation sector's loss of 10.36% and lagged the S&P 500's loss of 7.09% in that time.
Wall Street will be looking for positivity from DAL as it approaches its next earnings report date. This is expected to be January 10, 2019. In that report, analysts expect DAL to post earnings of $1.23 per share. This would mark year-over-year growth of 28.13%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $10.82 billion, up 5.63% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.52 per share and revenue of $44.33 billion, which would represent changes of +11.97% and +7.49%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for DAL. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's 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.
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 0.64% lower. DAL is currently a Zacks Rank #3 (Hold).
Digging into valuation, DAL currently has a Forward P/E ratio of 9.73. This valuation marks a discount compared to its industry's average Forward P/E of 12.01.
We can also see that DAL currently has a PEG ratio of 0.62. 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. Transportation - Airline stocks are, on average, holding a PEG ratio of 0.76 based on yesterday's closing prices.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 224, which puts it in the bottom 12% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Delta Air Lines (DAL) Stock Moves -0.78%: What You Should Know
Delta Air Lines (DAL - Free Report) closed at $53.29 in the latest trading session, marking a -0.78% move from the prior day. This move was narrower than the S&P 500's daily loss of 1.73%. Meanwhile, the Dow lost 1.19%, and the Nasdaq, a tech-heavy index, lost 2.07%.
Prior to today's trading, shares of the airline had lost 7.4% over the past month. This has was narrower than the Transportation sector's loss of 10.36% and lagged the S&P 500's loss of 7.09% in that time.
Wall Street will be looking for positivity from DAL as it approaches its next earnings report date. This is expected to be January 10, 2019. In that report, analysts expect DAL to post earnings of $1.23 per share. This would mark year-over-year growth of 28.13%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $10.82 billion, up 5.63% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.52 per share and revenue of $44.33 billion, which would represent changes of +11.97% and +7.49%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for DAL. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's 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.
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 0.64% lower. DAL is currently a Zacks Rank #3 (Hold).
Digging into valuation, DAL currently has a Forward P/E ratio of 9.73. This valuation marks a discount compared to its industry's average Forward P/E of 12.01.
We can also see that DAL currently has a PEG ratio of 0.62. 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. Transportation - Airline stocks are, on average, holding a PEG ratio of 0.76 based on yesterday's closing prices.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 224, which puts it in the bottom 12% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.