Delta (DAL) to Report Q1 Numbers

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Delta Airlines (DAL) will report its second-quarter numbers July 11. The company will report before the market open with the consensus calling for earnings of $2.19 per share on revenue of $12.35 billion. During the same period last year Delta reported earnings of $1.77 on revenue of $11.6 billion.

Technical Analysis

DAL was recently trading at $59.15 down $2.17 from its 12-month high and $14.07 above its 12-month low. InvestorsObserver’s Stock Score Report gives DAL a 94 long-term technical score and a 99 short-term technical score. The stock has recent support above $56 and recent resistance below $60. Of the 14 analysts who cover the stock 8 rate it Strong Buy, 1 rate it Buy, 5 rate it Hold, 0 rate it Sell, and 0 rate it Strong Sell, DAL gets a score of 83 from InvestorsObserver’s Stock Score Report.

Analysts' Thoughts

Delta stock has been a strong performer in 2019, and after selling off with the overall market in May the stock has already recovered most of its previous losses and is once again approaching its all-time high ahead of the upcoming quarterly report. Delta has posted positive earnings surprises seven straight quarters, and the street expects another small beat with a $2.20 whisper number. Delta is sensitive to oil prices, which have cooled after topping $85 a barrel in October and have hovered in the mid to upper $60s for most of 2019. Delta’s rise to all-time highs has come as the company has grown profits 12.3% annually over the last five years and analysts forecast annual earnings growth of 12.8% for the next five years. Despite shares approaching their highs, DAL remains a very attractive value, with the stock trading at just 9.8 times earnings and 8.2 times future earnings. With the low valuation and high earnings estimates the stock should continue to build on its recent gains, but any run up in oil could put a ceiling on the stock. Analysts have a bullish average price target of $67.08 on the stock.

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:
    $62.25
  • Previous Close:
    $63.16
  • Change:
    $-0.91 (-1.44%)
  • Open:
    $63.23
  • Volume:
    7,388,281
  • Average Volume (100 Day):
    6,228,554
  • Market Capitalization:
    $40.5 B
  • Day's Range:
    $62.19 - $63.27
  • Dividend Yield:
    2.55%
  • 52-week Range:
    $63 - $45.08
  • P-E:
    9.40
  • EPS:
    $6.74
  • Earnings Date:
    10/10/19
  • Ex Dividend Date:
    7/24/19
  • Sector:
    Industrials
  • Industry:
    Airlines
  • Analyst Average Recommendation:
    Moderate Buy

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