The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Delta Air Lines (DAL) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Delta currently has an aver ...

Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. -- ...

Delta, Wells Fargo, JPMorgan Chase, Inflation, and More to Watch This Week ...

Key TakeawaysDelta is set to report first-quarter earnings on Wednesday, April 10, with investors likely to be watching for key factors like profitability and load factor as the airline works to bring its stock back to pre-pandemic levels.Analysts noted that the company's revenue has largely returned to pre-pandemic levels over the last several quarters, but the stock is still below where it was in 2019.Ahead of Delta's earnings, Morgan Stanley analysts called the airline a top pick for the year, pointing t ...

Wall Street analysts expect Delta Air Lines (DAL) to post quarterly earnings of $0.34 per share in its upcoming report, which indicates a year-over-year increase of 36%. Revenues are expected to be $12.83 billion, up 0.6% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 2.1% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company reveal ...

The airline's sales have excellent momentum, and its long-term shift toward the premium end of the market is paying off.Delta Air Lines (DAL -1.48%) stock flew higher by 13.2% in March, according to data provided by S&P Global Market Intelligence. The move comes after management updated first-quarter trading, and Wall Street analysts upgraded the stock with aggressive price targets.Delta Air Lines expects a strong first quarterThe first-quarter update came up at the J.P. Morgan Industrial Conference in mid- ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Delta Air Lines (DAL) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 10, 2024, might help the stock move higher if these key numbers are better than ex ...

Delta Air Lines (DAL) is scheduled to report first-quarter 2024 results on Apr 10, before market open.DAL has a decent earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the preceding four quarters and missed once, the average beat being 3.02%.The Zacks Consensus Estimate for first-quarter 2024 earnings has been revised 2.94% downward over the last 60 days.Given this backdrop, let’s examine the factors likely to have influenced Delta Air Lines’ performance in the to-be-repo ...

Key TakeawaysMorgan Stanley made Delta Air Lines a top pick for 2024, pointing to the air carrier's focus on selling premium products to customers.The analysts boosted their price target on the stock by $8 to $85, and said their "bull case valuation" is now $110, up from $90 a share and more than double the stock's level on Monday.Morgan Stanley added that Delta also has benefited from targeting younger fliers following the pandemic. Delta Air Lines (DAL) shares rose Monday after Morgan Stanley named it as ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Delta Air Lines (DAL) , which belongs to the Zacks Transportation - Airline industry.This airline has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 7.57%.For the last reported quarter, Delta came out with earnings of $1.28 per share ...