Here's Why Delta Air Lines (DAL) Fell More Than Broader Market

04.03.24 23:45 Uhr

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44,00 EUR -0,10 EUR -0,23%

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5.123,4 PKT -75,7 PKT -1,46%

In the latest market close, Delta Air Lines (DAL) reached $41.57, with a -1.4% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.12%. Meanwhile, the Dow experienced a drop of 0.25%, and the technology-dominated Nasdaq saw a decrease of 0.41%.Heading into today, shares of the airline had gained 5.45% over the past month, outpacing the Transportation sector's gain of 3.74% and the S&P 500's gain of 4.83% in that time.The investment community will be paying close attention to the earnings performance of Delta Air Lines in its upcoming release. On that day, Delta Air Lines is projected to report earnings of $0.35 per share, which would represent year-over-year growth of 40%. Meanwhile, our latest consensus estimate is calling for revenue of $12.95 billion, up 1.47% from the prior-year quarter.In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.59 per share and a revenue of $57.91 billion, indicating changes of +5.44% and -0.25%, respectively, from the former year.Investors might also notice recent changes to analyst estimates for Delta Air Lines. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.62% downward. Currently, Delta Air Lines is carrying a Zacks Rank of #3 (Hold).In the context of valuation, Delta Air Lines is at present trading with a Forward P/E ratio of 6.4. This denotes a discount relative to the industry's average Forward P/E of 8.38.One should further note that DAL currently holds a PEG ratio of 0.76. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Transportation - Airline industry held an average PEG ratio of 0.53.The Transportation - Airline industry is part of the Transportation sector. With its current Zacks Industry Rank of 35, this industry ranks in the top 14% of all industries, numbering over 250.The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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Nachrichten zu Delta Air Lines Inc.

Analysen zu Delta Air Lines Inc.

DatumRatingAnalyst
30.09.2019Delta Air Lines OutperformBernstein Research
11.07.2019Delta Air Lines OutperformCowen and Company, LLC
10.07.2019Delta Air Lines In-lineImperial Capital
11.04.2019Delta Air Lines In-lineImperial Capital
03.04.2019Delta Air Lines In-lineImperial Capital
DatumRatingAnalyst
30.09.2019Delta Air Lines OutperformBernstein Research
11.07.2019Delta Air Lines OutperformCowen and Company, LLC
02.04.2019Delta Air Lines OutperformCowen and Company, LLC
09.01.2019Delta Air Lines OutperformImperial Capital
14.12.2018Delta Air Lines OutperformCowen and Company, LLC
DatumRatingAnalyst
10.07.2019Delta Air Lines In-lineImperial Capital
11.04.2019Delta Air Lines In-lineImperial Capital
03.04.2019Delta Air Lines In-lineImperial Capital
03.07.2018Delta Air Lines HoldDeutsche Bank AG
11.07.2017Delta Air Lines In-lineImperial Capital
DatumRatingAnalyst
08.05.2007Delta Air Lines reduceUBS
04.05.2007Delta Air Lines underweightPrudential Financial
04.05.2007Delta Air Lines underweightPrudential Financial
16.09.2005Update Northwest Airlines Corp.: UnderweightJP Morgan
16.09.2005Delta Air Lines underweightPrudential Financial

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für Delta Air Lines Inc. nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"
Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"
Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"