In the latest close session, Delta Air Lines (DAL) was down 1.22% at $81.47. This move lagged the S&P 500's daily gain of 0.26%. Elsewhere, the Dow saw an upswing of 0.09%, while the tech-heavy Nasdaq appreciated by 0.42%.
Shares of the airline have appreciated by 19.57% over the course of the past month, outperforming the Transportation sector's gain of 4.41%, and the S&P 500's gain of 6.32%.
Analysts and investors alike will be keeping a close eye on the performance of Delta Air Lines in its upcoming earnings disclosure. The company is expected to report EPS of $1.49, down 29.05% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $17.42 billion, up 4.65% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.37 per share and revenue of $65.37 billion, which would represent changes of -7.73% and +3.17%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Delta Air Lines. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.41% higher. Right now, Delta Air Lines possesses a Zacks Rank of #3 (Hold).
Investors should also note Delta Air Lines's current valuation metrics, including its Forward P/E ratio of 15.35. This represents a premium compared to its industry average Forward P/E of 11.47.
We can also see that DAL currently has a PEG ratio of 1.17. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Transportation - Airline industry was having an average PEG ratio of 1.03.
The Transportation - Airline industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 202, positioning it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Delta Air Lines, Inc. (DAL): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).