Factors Likely to Have Influenced Earnings Results Delta Air Lines (NYSE:DAL)

Earnings results for Delta Air Lines (NYSE:DAL)

Delta Air Lines, Inc. is expected* to report earnings on 10/13/2021 before market open. The report will be for the fiscal Quarter ending Sep 2021. According to Zacks Investment Research, based on 10 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.17. The reported EPS for the same quarter last year was $-3.3.

Delta Air Lines last posted its earnings results on July 13th, 2021. The transportation company reported ($1.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.38) by $0.31. The firm earned $7.13 billion during the quarter, compared to the consensus estimate of $6.25 billion. Its revenue for the quarter was up 385.6% on a year-over-year basis. Delta Air Lines has generated ($10.76) earnings per share over the last year (($10.49) diluted earnings per share). Earnings for Delta Air Lines are expected to grow in the coming year, from ($3.39) to $4.40 per share. Delta Air Lines has confirmed that its next quarterly earnings report will be published on Wednesday, October 13th, 2021. Delta Air Lines will be holding an earnings conference call on Wednesday, October 13th at 10:00 AM Eastern. Interested parties can .

Analyst Opinion on Delta Air Lines (NYSE:DAL)

According to the issued ratings of 18 analysts in the last year, the consensus rating for Delta Air Lines stock is Buy based on the current 8 hold ratings, 9 buy ratings and 1 strong buy rating for DAL. The average twelve-month price target for Delta Air Lines is $53.41 with a high price target of $67.00 and a low price target of $32.00.

on DAL’s analyst rating history

Delta Air Lines has received a consensus rating of Buy. The company’s average rating score is 2.61, and is based on 9 buy ratings, 8 hold ratings, and no sell ratings. According to analysts’ consensus price target of $53.41, Delta Air Lines has a forecasted upside of 23.7% from its current price of $43.19. Delta Air Lines has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Delta Air Lines (NYSE:DAL)

Delta Air Lines does not currently pay a dividend. Delta Air Lines does not have a long track record of dividend growth.

Insiders buying/selling: Delta Air Lines (NYSE:DAL)

In the past three months, Delta Air Lines insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $311,250.00 in company stock and sold $0.00 in company stock. Only 0.63% of the stock of Delta Air Lines is held by insiders. 63.65% of the stock of Delta Air Lines is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Delta Air Lines (NYSE:DAL

Earnings for Delta Air Lines are expected to grow in the coming year, from ($3.39) to $4.40 per share. The P/E ratio of Delta Air Lines is -4.12, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Delta Air Lines is -4.12, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Delta Air Lines has a P/B Ratio of 17.92. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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