DAL - 1 Strategy That Could Put Delta Airlines Stock on Your Buy List
2023-10-17 05:56:00 ET
Delta Air Lines ' (NYSE: DAL) recent results were intriguing. The stock sold off in the aftermath, and that's understandable, given the disappointing full-year earnings outlook. However, the reasons behind the lowering of guidance might make the stock attractive to investors.
First, the bad news. Delta adjusted its full-year earnings and free-cash-flow guidance. The headline numbers for the full-year guidance are as follows:
In summary, it's a tale of revenue outperforming expectations but profit margins and earnings coming in lower than initially expected. While the earnings guidance is within the previous range, the midpoint is about $6.13, notably lower than the midpoint of the prior guidance of $6.50.
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1 Strategy That Could Put Delta Airlines Stock on Your Buy List