Insights Into Delta (DAL) Q3: Wall Street Projections for Key Metrics

Core Viewpoint - Delta Air Lines is expected to report quarterly earnings of $1.60 per share, reflecting a year-over-year increase of 6.7%, with revenues projected at $15.93 billion, a 1.6% increase compared to the previous year [1]. Earnings Estimates - Over the last 30 days, the consensus EPS estimate has been revised upward by 2.8%, indicating analysts' reassessment of their initial forecasts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts estimate 'Operating Revenues- Passenger' at $13.50 billion, representing a 3% increase year-over-year [5]. - 'Operating Revenues- Cargo' is projected to reach $199.28 million, indicating a 1.7% year-over-year change [5]. - 'Operating Revenues- Other' is expected to be $2.41 billion, reflecting a 1.4% increase compared to the previous year [5]. Key Metrics - The 'Passenger Load Factor' is anticipated to be 86.0%, down from 87.0% in the same quarter last year [6]. - 'Revenue passenger miles - Consolidated' is forecasted to reach 67.92 billion, compared to 66.31 billion in the same quarter last year [6]. - 'Available seat miles - Consolidated' is estimated at 78.93 billion, up from 76.16 billion year-over-year [7]. Stock Performance - Over the past month, Delta shares have declined by 6.4%, while the Zacks S&P 500 composite has increased by 4.3% [9]. - Delta holds a Zacks Rank 2 (Buy), suggesting it is likely to outperform the overall market in the upcoming period [9].