The fourth-quarter (Q4) earnings season is underway, with several blue-chip companies out with their final prints of 2023. As is almost always the case, there have been some market overreactions to the latest numbers, sending some great stocks downward and presenting buying opportunities for investors willing to be patient. Overall, the outlook for this earnings season is pessimistic but there are some undervalued blue-chip stocks to consider.According to the latest data, analysts on Wall Street expect Q4 e ...

Key TakeawaysThe S&P 500 gained less than 0.1% on Friday, Jan. 12, 2024, as earnings season got underway with major banks releasing financial results.Airline stocks tumbled after Delta reduced its 2024 profit forecast and oil prices ticked higher.Bank of New York Mellon shares advanced as higher net interest revenue helped the financial firm beat analysts' expectations.U.S. equities were mixed as earnings season got underway with large U.S. banks reporting their financial results for the fourth quarter of 2 ...

Delta Air Lines (DAL) has reported fourth-quarter 2023 earnings (excluding $1.88 from non-recurring items) of $1.28 per share, which comfortably beat the Zacks Consensus Estimate of $1.17. Earnings, however, declined 13.51% on a year-over-year basis due to high labor costs.Revenues of $14,223 million surpassed the Zacks Consensus Estimate of $14,069.5 million and increased 5.87% on a year-over-year basis, driven by strong holiday-air-travel demand. Adjusted operating revenues (excluding third-party refinery ...

Tourists enter the historic Hotel Majestic in Barcelona in August 2023. (Photo by Marc Asensio) NurPhoto via Getty ImagesDelta Air Liness’ president executives say baby boomers continue to flock to transatlantic destinations, particularly in Southern Europe, as 2024 spring and summer travel patterns become evident.“Revenge travel has years to go, particularly in long-haul international,” said Delta President Glen Hauenstein on the carrier’s fourth quarter earnings call on Friday. “People in their retirement ...

Delta Air Lines, Inc. (NYSE:DAL) Q4 2023 Earnings Conference Call January 12, 2024 10:00 AM ET Company Participants Julie Stewart – Vice President of Investor Relations Ed Bastian – Chief Executive Officer Glen Hauenstein – President Dan Janki – Chief Financial Officer Tim Mapes – Senior Vice President and Chief Communications Officer Conference Call Participants Michael Linenberg – Deutsche Bank Helane Becker – TD Cowen Jamie Baker – JPMorgan Conor Cunningham – Melius Research Stephen Trent – Citi David Ve ...

Key TakeawaysDelta Air Lines Inc. reduced its full-year earnings per share (EPS) forecast and its stock price fell about 8% in intraday trading Friday.The airline said it was being prudent about its outlook because of concerns about the economy and its supply chain.Delta reported better-than-expected fourth-quarter results on booming international travel and sales of premium seat tickets.Delta Air Lines Inc. (DAL) shares plummeted Friday after the air carrier lowered its 2024 earnings guidance on concerns a ...

Ongoing macroeconomic headwinds and labor realities are grounding Delta Air Lines’ near-term outlook.The Atlanta-based airline told investors during its Friday (Jan. 12) December quarter and full-year 2023 earnings call that the last two years were a period of intense restoration. Now, the company is “entering a period of optimization.”Delta’s full-year earnings per share guidance was adjusted to $6 to $7, below the company’s own $7 forecast from 2022, despite most recent fourth-quarter results beating expe ...

Delta Air Lines shares slipped about 7% Friday after the company trimmed its 2024 earnings forecast. Delta forecast full-year earnings per share of $6 to $7, below its previous estimate of more than $7 per share for 2024.Other major airlines including United, American and Southwest also fell on the new estimate, released alongside quarterly earnings. United and American were down about 8% each, while Southwest fell more than 3%.Delta finished 2023 by doubling its quarterly profit as bookings, both for corpo ...

Key PointsDelta had a solid Q4, beating expectations and setting a record year in 2023. Shares are down because guidance, calling for growth, fell short of long-term targets. The 5% share price decline is a buy-the-dip opportunity because Delta is on track to hit targets and may reach them this year despite tepid guidance. 5 stocks we like better than Delta Air LinesDelta Air Lines NYSE: DAL shares fell more than 5% following the Q4 earnings release, creating a buy-the-dip opportunity. The release contained ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Delta Air Lines reported higher profits in the final quarter last year, but trimmed earnings expectations going forward. Delta Air Lines saw its profits more than double in the fourth quarter last year, helped by strong travel demand, even as it trimmed its earnings expectations for 2024, the US carrier said Friday. The compan ...