Delta Air Lines (DAL) Ascends But Remains Behind Market: Some Facts to Note

Company Performance - Delta Air Lines (DAL) closed at $46.89, reflecting a +0.3% change from the previous trading day, underperforming the S&P 500 which gained 0.64% [1] - Over the past month, DAL shares have depreciated by 28.51%, compared to the Transportation sector's loss of 8.84% and the S&P 500's loss of 7.69% [1] Earnings Expectations - Analysts expect Delta Air Lines to report earnings of$ 0.62 per share, indicating a year-over-year growth of 37.78% [2] - The Zacks Consensus Estimate for revenue is projected at $13.77 billion, up 0.15% from the previous year [2] - For the full year, earnings are projected at$ 7.24 per share and revenue at $62.6 billion, representing changes of +17.53% and +1.55% respectively from the prior year [3] Analyst Projections - Recent shifts in analyst projections for Delta Air Lines should be monitored, as positive revisions indicate analyst optimism regarding the company's business and profitability [4] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates Delta Air Lines at 3 (Hold) [6] Valuation Metrics - Delta Air Lines has a Forward P/E ratio of 6.45, which is a discount compared to the industry's average Forward P/E of 8.36 [7] - The company has a PEG ratio of 0.56, while the Transportation - Airline industry holds an average PEG ratio of 0.65 [7] Industry Overview - The Transportation - Airline industry is part of the Transportation sector and currently holds a Zacks Industry Rank of 53, placing it in the top 22% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]