These Analysts Boost Their Forecasts On Delta Air Lines After Better-Than-Expected Q3 Results

Core Insights - Delta Air Lines Inc. reported better-than-expected adjusted EPS and revenue for Q3, with operating revenue of $16.7 billion, a 6% year-over-year increase, and GAAP EPS of $2.17, a 10% rise from the previous year, while adjusted EPS was $1.71, exceeding the consensus estimate of $1.52 [1] Financial Performance - For the December quarter, Delta expects total revenue growth of 2% to 4%, with adjusted EPS projected between $1.60 and $1.90, and an operating margin anticipated between 10.5% and 12% [2] - Delta has narrowed its full-year adjusted EPS guidance to $6.00, aligning with analysts' expectations of $5.76, and near the upper end of its previous forecast of $5.25–$6.25 [2] Stock Performance and Analyst Ratings - Following the earnings announcement, Delta shares fell 0.1% to $59.53 [2] - Analysts have adjusted their price targets for Delta, with Deutsche Bank raising it from $63 to $72, Bernstein from $71 to $74, Susquehanna from $68 to $70, and UBS from $72 to $75, while maintaining their respective ratings [4]