Delta Air Lines (DAL - Free Report) closed at $56.12 in the latest trading session, marking a +0.14% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.63%. Elsewhere, the Dow lost 0.43%, while the tech-heavy Nasdaq lost 1.04%.
Coming into today, shares of the airline had gained 4.63% in the past month. In that same time, the Transportation sector lost 7.59%, while the S&P 500 lost 6.28%.
DAL will be looking to display strength as it nears its next earnings release, which is expected to be January 10, 2019. The company is expected to report EPS of $1.22, up 27.08% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $10.89 billion, up 6.25% from the prior-year quarter.
DAL's full-year Zacks Consensus Estimates are calling for earnings of $5.52 per share and revenue of $44.39 billion. These results would represent year-over-year changes of +11.97% and +7.62%, respectively.
Investors should also note any recent changes to analyst estimates for DAL. These revisions help to show the ever-changing nature of near-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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 0.86% lower. DAL currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that DAL has a Forward P/E ratio of 10.15 right now. This represents a discount compared to its industry's average Forward P/E of 12.7.
Also, we should mention that DAL has a PEG ratio of 0.64. 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 0.65 based on yesterday's closing prices.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 176, putting it in the bottom 31% of all 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.
To follow DAL in the coming trading sessions, be sure to utilize Zacks.com.