Delta Airlines (DAL) Scheduled to Release it Third-Quarter Numbers

What's Happening With DAL View more about DAL >

Delta Airlines (DAL) is scheduled to release its third-quarter numbers before the market open October 10. Analysts forecast earnings of $2.26 per share, versus $1.80 during the same period last year. DAL stock is up 7.5% on the year.

Technical Analysis

DAL was recently trading at $53.66 down $9.78 from its 12-month high and $8.58 above its 12-month low. InvestorsObserver’s Stock Score Report gives DAL a 53 long-term technical score and a 24 short-term technical score. The stock has recent support above $51 and recent resistance below $58. Of the 14 analysts who cover the stock 7 rate it Strong Buy, 1 rate it Buy, 6 rate it Hold, 0 rate it Sell, and 0 rate it Strong Sell, DAL gets a score of 49 from InvestorsObserver’s Stock Score Report.

Analysts' Thoughts

DAL stock has traded higher on the year, but the stock lags the overall market and has sold off sharply over the last week after the company forecast its Q3 numbers to reflect a small revenue miss. Analysts had expected the airliner to post sales of $12.67 billion, but the company’s forecast suggests revenue for the quarter of just $12.61 billion. The good news at this point is that the potential sales miss has already been priced into the stock and limits any additional downside as long as the results are not weaker than the $12.61 billion forecast. DAL has a low valuation with a forward P/E of just 7.3 and analysts have a bullish average price target of $70.29.

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 2018 and operated a mainline fleet of more than 850 aircraft.

  • Last Price:
    $52.95
  • Previous Close:
    $53.10
  • Change:
    $-0.15 (-0.28%)
  • Open:
    $53.50
  • Volume:
    10,761,389
  • Average Volume (100 Day):
    5,990,442
  • Market Capitalization:
    $34.4 B
  • Day's Range:
    $52.64 - $53.77
  • Dividend Yield:
    3.03%
  • 52-week Range:
    $63 - $45.08
  • P-E:
    8.10
  • EPS:
    $6.74
  • Earnings Date:
    not available
  • Ex Dividend Date:
    7/24/19
  • Sector:
    Industrials
  • Industry:
    Airlines
  • Analyst Average Recommendation:
    Moderate Buy

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