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Delta Air Lines (DAL) Outpaces Stock Market Gains: What You Should Know

Delta Air Lines (DAL) closed the most recent trading day at $45.77, moving +1.8% from the previous trading session. The stock outpaced the S&P 500's daily gain of 1.4%.

Heading into today, shares of the airline had lost 0.55% over the past month, outpacing the Transportation sector's loss of 4.88% and lagging the S&P 500's gain of 1.07% in that time.

Wall Street will be looking for positivity from DAL as it approaches its next earnings report date. The company is expected to report EPS of -$1.46, up 67.04% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.32 billion, up 330.21% from the year-ago period.

DAL's full-year Zacks Consensus Estimates are calling for earnings of -$3.97 per share and revenue of $27.27 billion. These results would represent year-over-year changes of +63.1% and +59.51%, respectively.

It is also important to note the recent changes to analyst estimates for DAL. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 1% lower. DAL currently has a Zacks Rank of #3 (Hold).

The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 238, which puts it in the bottom 7% 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.

To follow DAL in the coming trading sessions, be sure to utilize Zacks.com.


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