Will Delta (DAL) Stock Deliver on Strong Guidance?

What's Happening With DAL View more about DAL >

Delta Airlines (DAL) stock is scheduled to release its first-quarter results April 10 before the market opens. Analysts forecast earnings of $0.91 per share and sales of $10.37 billion. During the same period last year the company earned $0.74 on revenue $9.8 billion, and the stock is up 16.2% on the year.

Technical Analysis

DAL was recently trading at $57.97 down $3.35 from its 12-month high and $12.89 above its 12-month low. InvestorsObserver’s Stock Score Report gives DAL a 85 long-term technical score and a 31 short-term technical score. The stock has recent support above $52 and recent resistance below $60. Of the 14 analysts who cover the stock 8 rate it Strong Buy, 2 rate it Buy, 4 rate it Hold, 0 rate it Sell, and 0 rate it Strong Sell.

DAL gets an overall score of 83 from InvestorsObserver’s Stock Score Report.

Analysts' Thoughts

DAL recently gapped strongly higher after the company announced it expects to post better than expected earnings for the quarter. Delta has forecast earnings in a range of 85 cents to 95 cents, which shot the stock higher in the days ahead of the official report. DAL is currently approaching its all-time high, and despite the recent rally could continue to climb on a positive earnings report. DAL is trading at just 10 times earnings and 8.2 times future earnings, which are expected to climb 12% per annum over the next five years and should keep pushing shares higher. Analysts have an average price target of $65.00 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:
    $56.36
  • Previous Close:
    $56.03
  • Change:
    $0.33 (0.59%)
  • Open:
    $56.28
  • Volume:
    3,139,838
  • Average Volume (100 Day):
    6,313,468
  • Market Capitalization:
    $36.9 B
  • Day's Range:
    $55.95 - $56.56
  • 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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