Delta Air Lines Shares Slip 2.7% as Q1 EPS Forecast Jumps 56.5%
During the latest session, Delta Air Lines shares dropped 2.69%—underperforming the S&P 500’s 1.57% decline—while the Dow lost 1.34% and the Nasdaq fell 2.04%. The airline is projected to report Q1 EPS of $0.72, up 56.52% year-over-year, on $14.57 billion in revenue, a 3.74% increase.
1. Stock Performance
In the latest trading session, shares of Delta Air Lines fell 2.69%, underperforming the S&P 500’s 1.57% decline while the Dow lost 1.34% and the Nasdaq dropped 2.04%. Over the past month, the stock has gained 4.28%, lagging the Transportation sector’s 10.23% surge.
2. Earnings Outlook
Delta is estimated to report first-quarter EPS of $0.72, a 56.52% increase versus the year-ago period, on revenue of $14.57 billion, representing 3.74% year-over-year growth. Full-year consensus calls for EPS of $7.22 (up 24.05%) and revenue of $65.96 billion (up 4.1%).
3. Valuation Metrics
The airline trades at a forward P/E of 9.89, below the Transportation-Airlines industry average of 10.13, and carries a PEG ratio of 0.69 compared with the industry’s 0.56. These metrics suggest a valuation discount relative to peers.
4. Analyst Ranking
Delta holds a Zacks Rank of #3 (Hold) as recent consensus EPS estimates ticked down by 0.22% over the past month. The Transportation-Airline industry ranks 28th, placing it in the top 12% of all industries by average ranking.