Delta Air Lines (DAL - Free Report) closed the most recent trading day at $59.24, moving +0.47% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.29%. At the same time, the Dow lost 0.46%, and the tech-heavy Nasdaq lost 0.27%.
Prior to today's trading, shares of the airline had gained 4% over the past month. This has outpaced the Transportation sector's gain of 3.04% and lagged the S&P 500's gain of 4.56% in that time.
DAL will be looking to display strength as it nears its next earnings release, which is expected to be January 14, 2020. In that report, analysts expect DAL to post earnings of $1.40 per share. This would mark year-over-year growth of 7.69%. Our most recent consensus estimate is calling for quarterly revenue of $11.34 billion, up 5.59% from the year-ago period.
Investors might also notice 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 2.62% higher within the past month. DAL is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, DAL is currently trading at a Forward P/E ratio of 8.22. This represents a discount compared to its industry's average Forward P/E of 9.35.
Investors should also note that DAL has a PEG ratio of 0.59 right now. 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 industry currently had an average PEG ratio of 0.52 as of yesterday's close.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 66, which puts it in the top 26% 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.