Delta Air Lines Earnings Preview: Analyst Insights and Updates

Delta Air Lines Earnings Report Anticipation
Delta Air Lines, Inc. (NYSE:DAL) is preparing to unveil its earnings results for the upcoming quarter, scheduled to be released prior to the market opening on Thursday.
Expected Earnings and Revenue Growth
Analysts project the major airline to report earnings of $1.53 per share, an increase from last year’s $1.50 per share. Delta Air anticipates quarterly revenue of $15.94 billion, surpassing the $15.68 billion recorded a year prior.
Recent Strategic Partnerships
In a move to enhance its digital capabilities, Delta Air Lines has allied with Trackonomy, a technology firm specializing in logistics. This partnership aims to streamline cargo operations globally, offering improved visibility and asset management capabilities.
Current Stock Performance
On the last trading day, shares of Delta Air slightly rose by 0.3%, reaching a closing price of $57.26. This reflects the market's confidence in Delta's upcoming performance and strategies.
Analyst Ratings Overview
Let’s take a moment to review the latest ratings from various analysts regarding Delta Air Lines:
- Susquehanna's analyst, Christopher Stathoulopoulos, maintained a Positive rating, raising the price target from $65 to $68. His accuracy rate stands at an impressive 76%.
- Sheila Kahyaoglu from Jefferies has upgraded DAL from Hold to Buy, with a revised price target of $70 and an accuracy rate of 75%.
- In conjunction, JP Morgan's Jamie Baker maintained an Overweight rating with a target increased from $72 to $85, reflecting his 61% accuracy rate.
- UBS analyst Thomas Wadewitz also offered a positive outlook, raising his price target from $62 to $72 while keeping a Buy rating, boasting an accuracy of 70%.
- Lastly, Barclays analyst Brandon Oglenski has also maintained an Overweight rating with a new price target of $65, up from $58, and an accuracy of 61%.
Future Outlook for Delta Air Lines
As analysts weigh in on DAL stock, investor interest remains high. With several optimistic forecasts and strategic initiatives in place, Delta Air Lines appears well-positioned for sustained growth.
Frequently Asked Questions
When does Delta Air Lines plan to release its earnings report?
Delta Air Lines is set to release its earnings results prior to market opening on Thursday.
What are the expected earnings and revenue figures for Delta?
Analysts expect Delta to report earnings of $1.53 per share and quarterly revenue of $15.94 billion.
Who are the analysts providing ratings for DAL stock?
Recent ratings have been provided by analysts from Susquehanna, Jefferies, JP Morgan, UBS, and Barclays.
What impact has the recent partnership had on Delta?
The partnership with Trackonomy is expected to enhance cargo operations by improving visibility and efficiency.
What was Delta Air's stock performance recently?
Shares of Delta Air rose by 0.3%, closing at $57.26 on the last trading day.
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