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Countdown to Delta (DAL) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
ZACKS· 2024-10-07 14:16
Analysts on Wall Street project that Delta Air Lines (DAL) will announce quarterly earnings of $1.56 per share in its forthcoming report, representing a decline of 23.2% year over year. Revenues are projected to reach $15.78 billion, increasing 1.9% from the same quarter last year.The current level reflects an upward revision of 8.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projectio ...
Corporate Earnings in Focus amid Economic Concerns and Rate Uncertainty
Gurufocus· 2024-10-07 02:51
After a strong start to the year, U.S. stock traders are now turning their attention to various risks, including economic concerns, uncertainties about interest rates, and election-related anxieties. The most crucial factor for the U.S. stock market this week is corporate earnings. The S&P 500 Index has surged by about 20% in 2024, adding over $8 trillion in market value, mainly driven by expectations of Federal Reserve monetary policy easing and robust profit outlooks. However, with analysts lowering expec ...
What's in the Offing for Delta Air Lines in Q3 Earnings?
ZACKS· 2024-10-03 17:51
Delta Air Lines (DAL) is scheduled to report third-quarter 2024 results on Oct. 10, before market open.In the September quarter, the heavyweight airline is expected to have registered a 23.2% year-over-year decline with respect to the bottom line. DAL is expected to have registered a 1.72% year-over-year increase with respect to the top line.The Zacks Consensus Estimate for third-quarter 2024 earnings, currently pegged at $1.56 per share, has been revised 14.3% downward in the past 60 days.Image Source: Zac ...
Analysts Estimate Delta Air Lines (DAL) to Report a Decline in Earnings: What to Look Out for
ZACKS· 2024-10-03 15:00
Delta Air Lines (DAL) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on October 10, 2024, might help the stock move higher if these key numbers are better ...
Saudia Signs Codeshare Agreement with Delta Air Lines
GlobeNewswire News Room· 2024-10-02 21:45
ATLANTA, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Saudia, the national flag carrier of Saudi Arabia, signed a codeshare agreement with Delta Air Lines. The agreement builds on the airlines’ existing interline relationship and will expand the choice of destinations for Saudia guests between North America and the Arabian Peninsula. The carriers applied to the necessary codesharing authorities today and will start selling codeshare itineraries once all government approvals have been received. The codeshare agreement ...
These 3 Bargain-Bin Dividend Value Stocks Have Become Too Cheap to Ignore
The Motley Fool· 2024-10-02 13:45
Investors looking for bargains in a relatively expensive market have come to the right place.The major stock market indexes continue to blast through record highs as 2024 shapes up to be another great year for investors. Since the start of 2023, the S&P 500 is up a mind-numbing 49.5%. Despite the impressive performance, investors can still scoop up shares of quality companies without paying an exorbitant price relative to earnings. Honeywell (HON -0.47%), Phillips 66 (PSX -0.26%), and Delta Air Lines (DAL - ...
Delta Air Lines (DAL) Stock Falls Amid Market Uptick: What Investors Need to Know
ZACKS· 2024-09-30 23:01
Delta Air Lines (DAL) closed the latest trading day at $50.79, indicating a -1.46% change from the previous session's end. The stock's change was less than the S&P 500's daily gain of 0.42%. Meanwhile, the Dow experienced a rise of 0.04%, and the technology-dominated Nasdaq saw an increase of 0.38%.Heading into today, shares of the airline had gained 21.3% over the past month, outpacing the Transportation sector's gain of 3.57% and the S&P 500's gain of 2.06% in that time.The upcoming earnings release of De ...
Delta Aims to Boost Asian Presence Through Flights to Seoul
ZACKS· 2024-09-30 16:06
Delta Air Lines (DAL) intends to launch its first-ever nonstop service from Salt Lake City International Airport to Seoul-Incheon International Airport on June 12, 2025. This will be the sole direct flight linking Salt Lake City to Asia. Once the route becomes operational, it will provide seamless connections to key destinations across Asia for travelers throughout the Mountain West and Southwest regions in the United States. The route, after being launched, will be Delta’s fifth direct U.S. route to Seoul. ...
Low Fuel Costs & Rosy Travel Demand Likely to Aid Airlines' Q3 Results
ZACKS· 2024-09-26 15:30
The third-quarter 2024 earnings cycle is scheduled to start shortly for players in the Zacks Airline industry, with Atlanta, GA-based airline heavyweight Delta Air Lines (DAL) slated to release its results on Oct. 10, 2024, before market open. Airlines are expected to perform well in the September quarter, driven by increased passenger volumes and declining fuel costs.Upbeat passenger volumes have always been acting as a tailwind. Higher bookings contribute to the airlines’ top-line performance. While air t ...
3 Incredibly Cheap Industrial Stocks to Buy Now
The Motley Fool· 2024-09-26 11:09
An airline stock, a workflow technology stock, and a housing materials stock make up a list of great value stocks to buy now.While the market isn't looking particularly cheap right now, you can inevitably find pockets of value. Delta Air Lines (DAL 1.99%), positioning and workflow-technology company Trimble (TRMB 1.02%), and building-materials company Owens Corning (OC -2.36%) fit the bill. Here's why.Delta Air Lines is the pick of the airline stocksWhether you are looking at its price-to-earnings (P/E) rat ...