Delta Air Lines (DAL - Free Report) closed the most recent trading day at $56.73, moving -0.11% from the previous trading session. This change was narrower than the S&P 500's daily loss of 0.25%. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq lost 0.53%.
Coming into today, shares of the airline had gained 14.24% in the past month. In that same time, the Transportation sector lost 3.33%, while the S&P 500 lost 2.35%.
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 $1.22 per share. This would mark year-over-year growth of 27.08%. Our most recent consensus estimate is calling for quarterly revenue of $10.89 billion, up 6.25% from the year-ago period.
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.
It is also important to note the recent changes to analyst estimates for DAL. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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, the Zacks Consensus EPS estimate has moved 0.4% lower. DAL is currently a Zacks Rank #3 (Hold).
Looking at its valuation, DAL is holding a Forward P/E ratio of 10.28. This represents a discount compared to its industry's average Forward P/E of 12.85.
We can also see that DAL currently has a PEG ratio of 0.65. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Transportation - Airline stocks are, on average, holding a PEG ratio of 0.68 based on yesterday's closing prices.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 202, putting it in the bottom 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.