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Delta Air Lines (DAL) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Delta Air Lines (DAL - Free Report) closed at $49.43, marking a -1.67% move from the previous day. This change lagged the S&P 500's 0.86% gain on the day. Meanwhile, the Dow lost 0.06%, and the Nasdaq, a tech-heavy index, added 1.37%.
Coming into today, shares of the airline had gained 0.36% in the past month. In that same time, the Transportation sector gained 10.9%, while the S&P 500 gained 8.11%.
Investors will be hoping for strength from DAL as it approaches its next earnings release, which is expected to be April 11, 2019. In that report, analysts expect DAL to post earnings of $0.84 per share. This would mark year-over-year growth of 13.51%. Our most recent consensus estimate is calling for quarterly revenue of $10.49 billion, up 5.24% from the year-ago period.
DAL's full-year Zacks Consensus Estimates are calling for earnings of $6.55 per share and revenue of $46.63 billion. These results would represent year-over-year changes of +15.93% and +4.94%, respectively.
It is also important to note the recent changes to analyst estimates for DAL. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Within the past 30 days, our consensus EPS projection has moved 0.65% higher. DAL is currently sporting a Zacks Rank of #2 (Buy).
Looking at its valuation, DAL is holding a Forward P/E ratio of 7.67. Its industry sports an average Forward P/E of 9.68, so we one might conclude that DAL is trading at a discount comparatively.
It is also worth noting that DAL currently has a PEG ratio of 0.58. 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. Transportation - Airline stocks are, on average, holding a PEG ratio of 0.91 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 7, which puts it in the top 3% 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.
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 Sinks As Market Gains: What You Should Know
In the latest trading session, Delta Air Lines (DAL - Free Report) closed at $49.43, marking a -1.67% move from the previous day. This change lagged the S&P 500's 0.86% gain on the day. Meanwhile, the Dow lost 0.06%, and the Nasdaq, a tech-heavy index, added 1.37%.
Coming into today, shares of the airline had gained 0.36% in the past month. In that same time, the Transportation sector gained 10.9%, while the S&P 500 gained 8.11%.
Investors will be hoping for strength from DAL as it approaches its next earnings release, which is expected to be April 11, 2019. In that report, analysts expect DAL to post earnings of $0.84 per share. This would mark year-over-year growth of 13.51%. Our most recent consensus estimate is calling for quarterly revenue of $10.49 billion, up 5.24% from the year-ago period.
DAL's full-year Zacks Consensus Estimates are calling for earnings of $6.55 per share and revenue of $46.63 billion. These results would represent year-over-year changes of +15.93% and +4.94%, respectively.
It is also important to note the recent changes to analyst estimates for DAL. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Within the past 30 days, our consensus EPS projection has moved 0.65% higher. DAL is currently sporting a Zacks Rank of #2 (Buy).
Looking at its valuation, DAL is holding a Forward P/E ratio of 7.67. Its industry sports an average Forward P/E of 9.68, so we one might conclude that DAL is trading at a discount comparatively.
It is also worth noting that DAL currently has a PEG ratio of 0.58. 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. Transportation - Airline stocks are, on average, holding a PEG ratio of 0.91 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 7, which puts it in the top 3% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.