Delta Air Lines (DAL) Ascends While Market Falls: Some Facts to Note

Company Performance - Delta Air Lines closed at $58.82, reflecting a +1.66% change from the previous day, outperforming the S&P 500's daily loss of 0.1% [1] - The stock has decreased by 4.36% over the past month, underperforming the Transportation sector's loss of 0.53% and the S&P 500's gain of 2.57% [1] Upcoming Earnings - The upcoming earnings disclosure is expected to show an EPS of $1.56, a 4% increase year-over-year, with revenue anticipated at $16.09 billion, indicating a 2.61% rise compared to the same quarter last year [2] - For the entire year, earnings are forecasted at $5.76 per share and revenue at $61.39 billion, reflecting changes of -6.49% and -0.41% respectively compared to the previous year [3] Analyst Estimates - Recent changes to analyst estimates for Delta Air Lines are crucial as they reflect short-term business trends, with positive revisions indicating a favorable outlook on business health and profitability [4] - The Zacks Consensus EPS estimate has increased by 2.39% over the past month, and Delta Air Lines currently holds a Zacks Rank of 3 (Hold) [6] Valuation Metrics - Delta Air Lines is trading with a Forward P/E ratio of 10.04, which is below the industry average Forward P/E of 10.4 [7] - The company has a PEG ratio of 1.76, compared to the industry average PEG ratio of 0.81 [7] Industry Context - The Transportation - Airline industry is ranked 56 in the Zacks Industry Rank, placing it in the top 23% of over 250 industries [8] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]