A Glimpse of Delta Air Lines's Earnings Potential

Delta Air Lines (NYSE:DAL) is preparing to release its quarterly earnings on Thursday, 2024-10-10. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Delta Air Lines to report an earnings per share (EPS) of $1.55.

Delta Air Lines bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Earnings Track Record

The company's EPS missed by $0.01 in the last quarter, leading to a 3.05% drop in the share price on the following day.

Here's a look at Delta Air Lines's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

2.37

0.36

1.17

1.94

EPS Actual

2.36

0.45

1.28

2.03

Price Change %

-3.0%

3.0%

-9.0%

-3.0%

Market Performance of Delta Air Lines's Stock

Shares of Delta Air Lines were trading at $50.62 as of October 08. Over the last 52-week period, shares are up 45.83%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Insights on Delta Air Lines

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Delta Air Lines.

Delta Air Lines has received a total of 4 ratings from analysts, with the consensus ...