Why Delta Air Lines (DAL) Dipped More Than Broader Market Today

Company Overview - Delta Air Lines (DAL) closed at $48.60, down 1.62% from the previous trading session, underperforming the S&P 500 which lost 0.56% [1] - Over the past month, DAL shares gained 17.4%, outperforming the Transportation sector's gain of 9.07% and the S&P 500's gain of 7.37% [1] Earnings Projections - The upcoming EPS for Delta Air Lines is projected at$ 1.97, indicating a 16.53% decline compared to the same quarter last year [2] - Revenue is estimated to be $16.13 billion, reflecting a 3.2% decrease from the corresponding quarter of the prior year [2] Full-Year Estimates - Full-year Zacks Consensus Estimates predict earnings of$ 5.26 per share and revenue of $60.9 billion, representing year-over-year changes of -14.61% and -1.2% respectively [3] - Recent changes to analyst estimates for Delta Air Lines are important as they indicate shifting business trends [3] Stock Performance and Valuation - The Zacks Rank system, which assesses estimate changes, currently ranks Delta Air Lines at 3 (Hold) [5] - Delta Air Lines has a Forward P/E ratio of 9.39, slightly above the industry average of 9.31, and a PEG ratio of 2.41 compared to the industry average of 0.89 [6] Industry Context - The Transportation - Airline industry holds a Zacks Industry Rank of 134, placing it in the bottom 46% of over 250 industries [7] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]