In the latest trading session, Delta Air Lines (DAL - Free Report) closed at $50.67, marking a -0.88% move from the previous day. This move lagged the S&P 500's daily gain of 0.3%. At the same time, the Dow lost 0.38%, and the tech-heavy Nasdaq gained 0.44%.
Coming into today, shares of the airline had gained 1.01% in the past month. In that same time, the Transportation sector gained 0.65%, while the S&P 500 gained 2.91%.
Investors will be hoping for strength from DAL as it approaches its next earnings release. The company is expected to report EPS of $0.82, up 10.81% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $10.37 billion, up 3.99% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.50 per share and revenue of $46.30 billion. These totals would mark changes of +15.04% and +4.19%, respectively, from last year.
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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.74% lower within the past month. DAL is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note DAL's current valuation metrics, including its Forward P/E ratio of 7.86. This valuation marks a discount compared to its industry's average Forward P/E of 9.37.
Also, we should mention that DAL has a PEG ratio of 0.71. 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. The Transportation - Airline was holding an average PEG ratio of 0.46 at yesterday's closing price.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 15, putting it in the top 6% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.