Seeking Clues to Delta (DAL) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics

Wall Street analysts expect Delta Air Lines (DAL) to post quarterly earnings of $1.99 per share in its upcoming report, which indicates a year-over-year decline of 15.7%. Revenues are expected to be $16.18 billion, down 2.9% from the year-ago quarter.Over the last 30 days, there has been a downward revision of 10.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.Given this perspective, it's time to examine the average forecasts of specific Delta metrics that are routinely monitored and predicted by Wall Street analysts.Analysts expect 'Operating Revenues- Passenger' to come in at $13.81 billion. The estimate suggests a change of -0.2% year over year.The collective assessment of analysts points to an estimated 'Operating Revenues- Cargo' of $204.15 million. The estimate suggests a change of +2.6% year over year.Based on the collective assessment of analysts, 'Operating Revenues- Other' should arrive at $2.50 billion. The estimate points to a change of -4.4% from the year-ago quarter.The consensus among analysts is that 'Passenger Revenue by Geographic Region- Domestic' will reach $9.30 billion. The estimate indicates a change of -1.1% from the prior-year quarter.Analysts predict that the 'Passenger Revenue by Geographic Region- Pacific' will reach $715.71 million. The estimate suggests a change of +9.4% year over year.The consensus estimate for 'Passenger Revenue by Geographic Region- Latin America' stands at $1.01 billion. The estimate indicates a year-over-year change of +4.4%.It is projected by analysts that the 'Passenger Revenue by Geographic Region- Atlantic' will reach $2.66 billion. The estimate indicates a year-over-year change of -5.7%.According to the collective judgment of analysts, 'Passenger Load Factor' should come in at 86.8%. The estimate compares to the year-ago value of 87.0%.The combined assessment of analysts suggests that 'Revenue passenger miles - Consolidated' will likely reach 67.54 billion. The estimate compares to the year-ago value of 65.24 billion.Analysts forecast 'Available seat miles - Consolidated' to reach 77.89 billion. Compared to the present estimate, the company reported 74.66 billion in the same quarter last year.The average prediction of analysts places 'Cost per Available Seat Mile (CASM) - Ex' at N/A. The estimate is in contrast to the year-ago figure of N/A.Analysts' assessment points toward 'Operating Cost Per Available Seat Mile' reaching N/A. Compared to the current estimate, the company reported N/A in the same quarter of the previous year. View all Key Company Metrics for Delta here>>> Shares of Delta have demonstrated returns of +4.1% over the past month compared to the Zacks S&P 500 composite's +5.2% change. With a Zacks Rank #3 (Hold), DAL is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>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 ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks