Delta Air Lines to post earnings October 11

What's Happening With DAL View more about DAL >

U.S. airliner Delta Air Lines (DAL) is scheduled to report its third-quarter numbers October 11. The company will report before the market open with the consensus calling for earnings $1.76 per share versus $1.57 during the same period last year. The stock has lost 6.1% on the year.

Technical Analysis

DAL was recently trading at $53.04 down $7.75 from its 12-month high and $4.71 above its 12-month low. InvestorsObserver’s Stock Score Report gives DAL a 30 long-term technical score and a 59 short-term technical score. The stock has recent support above $51 and recent resistance below $58. Of the 12 analysts who cover the stock 9 rate it Strong Buy, 2 rate it Buy, 1 rate it Hold, 0 rate it Sell, and 0 rate it Strong Sell. DAL gets a score of from InvestorsObserver’s Stock Score Report.

Analysts' Thoughts

DAL stock rallied sharply after its July earnings report, despite the company posting mixed results that missed on the top line. After a strong rally, shares have moved lower in the last week in sympathy to weakness in the overall sector. Delta has done a good job growing profits, but strong oil prices are a concern moving forward. All transportation stocks are vulnerable to high oil prices, and with crude on the rise Wall Street will likely remain cautious on airline stocks moving forward. The market expects a small earnings beat with a whisper number of $1.80 versus the consensus $1.76, and while a small earnings beat will help return strength to the stock, investors should be aware that the oil prices will continue to have an impact on the stock moving forward. Analysts have an average price target of $68.92.

DAL
About Delta Air Lines Inc.

Atlanta-based Delta Air Lines is one of the world's largest airlines, flying to more than 325 destinations in 60 countries. Delta operates a hub-and-spoke system, where it gathers and distributes passengers across the globe through key locations in Atlanta, New York, Salt Lake City, Detroit, Seattle, and Minneapolis-St. Paul. Delta generated just over $41 billion in revenue during 2017 and operated a mainline fleet of 856 aircraft at year-end 2017.

  • Last Price:
    $55.92
  • Previous Close:
    $56.07
  • Change:
    $-0.15 (-0.27%)
  • Open:
    $56.05
  • Volume:
    3,468,540
  • Average Volume (100 Day):
    6,191,781
  • Market Capitalization:
    $36.6 B
  • Day's Range:
    $55.86 - $56.72
  • Dividend Yield:
    2.50%
  • 52-week Range:
    $61 - $45.08
  • P-E:
    9.30
  • EPS:
    $6.00
  • Earnings Date:
    7/11/19
  • Ex Dividend Date:
    5/1/19
  • Sector:
    Industrials
  • Industry:
    Airlines
  • Analyst Average Recommendation:
    Moderate Buy

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