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Delta Air Lines (DAL) Stock Moves -0.97%: What You Should Know

Delta Air Lines (DAL) closed the most recent trading day at $31.72, moving -0.97% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.1%. Elsewhere, the Dow lost 0.96%, while the tech-heavy Nasdaq lost 0.13%.

Heading into today, shares of the airline had lost 0.62% over the past month, lagging the Transportation sector's loss of 0.37% and outpacing the S&P 500's loss of 2.28% in that time.

Delta Air Lines will be looking to display strength as it nears its next earnings release. In that report, analysts expect Delta Air Lines to post earnings of $1.59 per share. This would mark year-over-year growth of 430%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.05 billion, up 53.5% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.80 per share and revenue of $49.1 billion. These totals would mark changes of +168.63% and +64.21%, respectively, from last year.

Any recent changes to analyst estimates for Delta Air Lines should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.31% lower. Delta Air Lines currently has a Zacks Rank of #3 (Hold).

Digging into valuation, Delta Air Lines currently has a Forward P/E ratio of 11.46. This represents a discount compared to its industry's average Forward P/E of 13.16.

The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 90, putting it in the top 36% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.


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