Wall Street expects a year-over-year increase in earnings on higher revenues when Delta Air Lines (DAL) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 10, 2024, might help the stock move higher if these key numbers are better than ex ...

Delta Air Lines (DAL) is scheduled to report first-quarter 2024 results on Apr 10, before market open.DAL has a decent earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the preceding four quarters and missed once, the average beat being 3.02%.The Zacks Consensus Estimate for first-quarter 2024 earnings has been revised 2.94% downward over the last 60 days.Given this backdrop, let’s examine the factors likely to have influenced Delta Air Lines’ performance in the to-be-repo ...

Key TakeawaysMorgan Stanley made Delta Air Lines a top pick for 2024, pointing to the air carrier's focus on selling premium products to customers.The analysts boosted their price target on the stock by $8 to $85, and said their "bull case valuation" is now $110, up from $90 a share and more than double the stock's level on Monday.Morgan Stanley added that Delta also has benefited from targeting younger fliers following the pandemic. Delta Air Lines (DAL) shares rose Monday after Morgan Stanley named it as ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Delta Air Lines (DAL) , which belongs to the Zacks Transportation - Airline industry.This airline has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 7.57%.For the last reported quarter, Delta came out with earnings of $1.28 per share ...

Delta Air Lines Inc (NYSE: DAL) is up nearly 30% versus its year-to-date low but a Morgan Stanley analyst is convinced it will extend its rally further in the coming months.Delta Air Lines stock could climb to $85 Copy link to section Ravi Shanker reiterated his “overweight” rating on $DAL this morning that he expects will hit $85 by the end of 2024. The analyst is super bullish on Delta Air Lines stock primarily because it’s now focusing more on premium services.He’s convinced the strategic move will boost ...

Delta Air Lines (DAL) benefits from robust air travel demand, bolstering its financial performance. The move to reinstate quarterly dividends emphasizes its shareholder-friendly approach. However, high fuel and labor costs, coupled with technological glitches, pose major challenges.Factors Favoring DALImproved domestic air travel demand is bolstering Delta Air Lines. Driven by strong passenger revenues, DAL reported better-than-expected earnings and revenues in the fourth quarter of 2023. Management forecas ...

The latest trading session saw Delta Air Lines (DAL) ending at $43.44, denoting a +0.74% adjustment from its last day's close. This change outpaced the S&P 500's 0.63% gain on the day. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, added 0.82%.Prior to today's trading, shares of the airline had gained 7.48% over the past month. This has outpaced the Transportation sector's gain of 0.44% and the S&P 500's gain of 1.76% in that time.Market participants will be closely following the financ ...

I won't sugarcoat this: Traditionally, airlines have not been great investments, at least not for those interested in equities. Still, there's strong reason to believe that won't always be so.Delta Air Lines (DAL 0.14%) is an excellent example of a stock that can buck the trend and remain the pick of the transportation sector. Here's why the stock is a great value.Equity investors and bond investors view airline stocks differentlyWith even Warren Buffett having lost money on airline stocks in the past, it m ...

Brandon Bell/Getty Images News Introduction In my previous two articles (one) (two), I had a sell rating on Delta Air Lines (NYSE:DAL). During these times, I believed that the macroeconomic headwinds could hinder Delta Air Lines' operations. As the consumer delinquency rates were sharply rising, I thought that the consumers' financial health was deteriorating potentially signaling a headwind to the discretionary and cyclical travel companies like Delta Air Lines. In times of financial pressure, travel is on ...

Delta Air Lines (DAL) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this airline have returned +5%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Transportation - Airline industry, which Delta falls in, has lost 2.8%. The key question now is: What could be the stock's future direction?While me ...