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Delta Air Lines (DAL) Dips More Than Broader Markets: What You Should Know
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Delta Air Lines (DAL - Free Report) closed the most recent trading day at $51.93, moving -1.93% from the previous trading session. This change lagged the S&P 500's daily loss of 1.54%. At the same time, the Dow lost 1.49%, and the tech-heavy Nasdaq lost 2.17%.
Heading into today, shares of the airline had lost 4.44% over the past month, outpacing the Transportation sector's loss of 10.19% and the S&P 500's loss of 6.77% in that time.
Investors will be hoping for strength from DAL as it approaches its next earnings release, which is expected to be January 10, 2019. In that report, analysts expect DAL to post earnings of $1.27 per share. This would mark year-over-year growth of 32.29%. Meanwhile, our latest consensus estimate is calling for revenue of $10.87 billion, up 6.1% from the prior-year quarter.
DAL's full-year Zacks Consensus Estimates are calling for earnings of $5.57 per share and revenue of $44.49 billion. These results would represent year-over-year changes of +12.98% and +7.87%, respectively.
Investors might also notice 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.
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. Over the past month, the Zacks Consensus EPS estimate has moved 1.06% higher. DAL is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, DAL is currently trading at a Forward P/E ratio of 9.5. This valuation marks a discount compared to its industry's average Forward P/E of 12.02.
Investors should also note that DAL has a PEG ratio of 0.64 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 was holding an average PEG ratio of 0.64 at yesterday's closing price.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 30, putting it in the top 12% 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.
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Delta Air Lines (DAL) Dips More Than Broader Markets: What You Should Know
Delta Air Lines (DAL - Free Report) closed the most recent trading day at $51.93, moving -1.93% from the previous trading session. This change lagged the S&P 500's daily loss of 1.54%. At the same time, the Dow lost 1.49%, and the tech-heavy Nasdaq lost 2.17%.
Heading into today, shares of the airline had lost 4.44% over the past month, outpacing the Transportation sector's loss of 10.19% and the S&P 500's loss of 6.77% in that time.
Investors will be hoping for strength from DAL as it approaches its next earnings release, which is expected to be January 10, 2019. In that report, analysts expect DAL to post earnings of $1.27 per share. This would mark year-over-year growth of 32.29%. Meanwhile, our latest consensus estimate is calling for revenue of $10.87 billion, up 6.1% from the prior-year quarter.
DAL's full-year Zacks Consensus Estimates are calling for earnings of $5.57 per share and revenue of $44.49 billion. These results would represent year-over-year changes of +12.98% and +7.87%, respectively.
Investors might also notice 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.
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. Over the past month, the Zacks Consensus EPS estimate has moved 1.06% higher. DAL is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, DAL is currently trading at a Forward P/E ratio of 9.5. This valuation marks a discount compared to its industry's average Forward P/E of 12.02.
Investors should also note that DAL has a PEG ratio of 0.64 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 was holding an average PEG ratio of 0.64 at yesterday's closing price.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 30, putting it in the top 12% 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.