2023-04-12 15:33:06 ET
- Delta Air Lines ( NYSE: DAL ) is scheduled to announce Q1 2023 earnings results on Thursday, April 13th, before market open.
- The consensus EPS Estimate is $0.30 and the consensus Revenue Estimate is $12.19B.
- Over the last 2 years, DAL has beaten EPS estimates 63% of the time and has beaten revenue estimates 88% of the time.
- Over the last 3 months, EPS estimates have seen 1 upward revision and 11 downward. Revenue estimates have seen 1 upward revision and 1 downward.
- The company on Jan. 13 reported Q4 Non-GAAP EPS of $1.48, beating by 15 cents. Revenue was $13.44B, ahead of consensus by $720M.
- DAL has a Quant rating of BUY , with a 4.46 rating score.
- DAL has an industry ranking of 10 out of 27 among airline stocks, as per SA's Quant ranking.
- Wall Street analysts and Seeking Alpha authors rate the DAL stock BUY .
- Recent Analysis: SA contributor Dhierin Bechai in a recently published analysis said, "I think that Delta Air Lines remains a buy. Q1 will be a bit light, but 2023 remains strong with clear opportunities as well as risks for the business which gives the airline the awareness on where it can shield itself and where it can benefit from demand strength. Delta Air Lines aims to get to more than $4 billion in free cash flow, and given how management approaches things I don’t think that's a moonshot despite several uncertainties faced."
- "The 2023 travel demand forecast coming from Delta, other airlines, and external analysts all expect a robust demand environment despite the macroeconomic concerns. Further, with favorable consumer sentiment and an oil price environment, I strongly believe that the dip in Delta Air Lines stock creates the buy a dip opportunity," SA contributor SL Investments said in March.
- DAL fell ~16% in 2022, while the benchmark S&P 500 index slipped nearly 20% for the year.
- Stock is up 6% so far in 2023 as of Tuesday's close.
For further details see:
Delta Air Lines Q1 earnings on deck, what to expect