Delta Air Lines (DAL) closed at $58.51 in the latest trading session, marking a -0.36% move from the prior day. This change lagged the S&P 500's daily gain of 0.47%. At the same time, the Dow added 0.4%, and the tech-heavy Nasdaq gained 0.87%.
Heading into today, shares of the airline had lost 2.68% over the past month, outpacing the Transportation sector's loss of 3.43% and lagging the S&P 500's gain of 1.43% in that time.
Investors will be hoping for strength from DAL as it approaches its next earnings release. In that report, analysts expect DAL to post earnings of $1.06 per share. This would mark year-over-year growth of 10.42%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $11.11 billion, up 6.1% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.31 per share and revenue of $49.30 billion. These totals would mark changes of 0% and +4.87%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for DAL. Recent revisions tend to reflect the latest 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 0.32% higher. DAL is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, DAL is holding a Forward P/E ratio of 8.04. This valuation marks a discount compared to its industry's average Forward P/E of 8.88.
It is also worth noting that DAL currently has a PEG ratio of 0.57. 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 0.57 as of yesterday's close.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 33, putting it in the top 13% 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.