Delta Air Lines Shares Fall 2.16%, Hit Monthly 19.2% Slide Ahead of Q1 Earnings
Delta Air Lines shares fell 2.16%, trailing a 0.21% S&P 500 decline, and have lost 19.23% over the past month versus the Transportation sector’s 5.18% drop. Analysts forecast Q1 EPS of 0.72 on $14.57 billion revenue, implying 56.5% growth, and note a forward P/E of 8.4 with PEG of 0.58.
1. Stock Performance Slide
Delta shares fell 2.16% in the latest session, underperforming the S&P 500’s 0.21% decline. Over the past month, the stock is down 19.23%, compared with a 5.18% drop in the Transportation sector and a 2.26% slide in the S&P 500.
2. Upcoming Earnings Forecast
For Q1, analysts forecast EPS of 0.72 on $14.57 billion revenue, representing 56.5% year-over-year earnings growth and 3.7% sales growth. Full-year estimates call for EPS of 7.21 (up 23.9%) on $65.96 billion revenue (up 4.1%).
3. Valuation Overview
Delta trades at a forward P/E of 8.4, slightly above the industry average of 8.28, while its PEG ratio of 0.58 remains above the sector average of 0.48. The Transportation-Airline industry ranks 21st out of 250+ industries, placing it in the top 9%.