Delta Air Lines Reports Third Quarter Earnings Shortfall
Delta Air Lines Earnings Report Overview
Delta Air Lines (NYSE: DAL) has recently released its third quarter earnings, revealing an EPS of $1.50. This figure fell short of expectations by $0.02, as analysts had anticipated an EPS of $1.52. The company brought in revenue of $14.59 billion, which did not meet the projected revenue of $14.64 billion.
Future Guidance from Delta Air Lines
Fourth Quarter EPS Expectations
Looking ahead, Delta Air Lines is forecasting its Q4 2024 EPS to be between $1.60 and $1.85. This guidance indicates a slight variance from analyst consensus, which stands at $1.71.
Current Stock Performance
As of the last trading session, Delta Air Lines's stock price closed at $50.98. Over the past three months, the stock has seen a significant increase, rising by 16.87%. Over the past year, it has experienced growth of 41.69%.
EPS Revisions and Market Sentiment
In terms of earnings revisions, Delta Air Lines has seen zero positive EPS updates and 15 negative revisions over the last 90 days. This trend can reflect the market’s cautious sentiment regarding the airline’s performance.
Financial Health and Performance Insights
Sources indicate that Delta Air Lines maintains a robust financial health score, suggesting strong performance metrics overall. Additionally, there are ongoing assessments of Delta's stock price in reaction to its earnings reports.
Keep Updated on Delta Air Lines' Progress
Investors and analysts alike are encouraged to stay informed on Delta Air Lines’ forthcoming earnings reports and overall market performance. The company’s resilience in the competitive airline industry continues to draw attention as it navigates through market fluctuations and evolving economic conditions.
Frequently Asked Questions
What did Delta Air Lines report for its earnings?
Delta Air Lines reported an EPS of $1.50 for the third quarter, which was $0.02 below analyst expectations.
How much revenue did Delta Air Lines generate?
The airline's revenue for the quarter was $14.59 billion, which fell short of the estimated $14.64 billion.
What is Delta's EPS guidance for Q4 2024?
Delta Air Lines expects an EPS between $1.60 and $1.85 for the fourth quarter of 2024.
How has Delta's stock performed recently?
Delta's stock price has increased by 16.87% over the last three months and 41.69% over the past year, closing at $50.98.
What can affect Delta's future earnings?
Market conditions, changes in travel demand, and operational costs can significantly impact Delta Air Lines' future earnings and stock performance.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- Understanding Insider Activity at Altair Engineering - ALTR
- Acadia Healthcare Company's Q3 2024 Earnings Call Details
- Tel Aviv Stock Exchange Sees Declines Amid Market Pressure
- Essential Guidelines for Safer Shopping at Home
- Fastenal Prepares for Q3 Earnings: Insights from Analysts
- Teamsters Rally to Demand Fair Contract at Cargill Facilities
- D.E. Shaw Advocates for Governance Improvements at Air Products
- Exploring the Future of Aircraft Exhaust Systems: Growth Insights
- CORSAIR Unveils Exciting New Lineup with Call of Duty Collaboration
- Tata Elxsi Reports Strong Revenue and Profit Growth in Q2 FY25
Recent Articles
- Bank of America Highlights Positives Amid Alphabet's Challenges
- Busbar Market Expected to Climb to $19.70 Billion by 2029
- Deutsche Telekom to Boost Earnings with New Buyback Strategy
- XING Mobility Unveils Innovative IMMERSIO™ CTC Battery Technology
- Weak Demand for iPhone 16 Raises Concerns for Apple Inc.
- Labcorp Offers Quarterly Cash Dividend to Shareholders
- BTIG Boosts Shift4 Payments Target Amid Strong Growth Prospects
- Mallinckrodt Expands INOmax EVOLVE DS System Availability
- Empire Petroleum Updates Shareholders on Rights Offering Progress
- Babcock & Wilcox Sells Subsidiaries to AUCTUS for $40 Million
- Sunrun's Stock Target Adjustment: A Promising Outlook Ahead
- JPMorgan Downgrades Boliden AB Amid Zinc Surplus Concerns
- How Bybit is Enhancing Blockchain Ecosystems Through Solana
- Wall Street's Bright Outlook As Fed Minutes Provide Clarity
- Conagra's Recent Earnings Miss: A Strategic Buying Opportunity
- Market Outlook: Anticipations for Inflation and Earnings Reports
- Exploring the Future Potential of Palantir Technologies
- Projected Growth of Fishmeal & Fish Oil Market to USD 13.8B
- Evaluating Google's Legal Challenges: Market Reactions Explained
- Global Frozen Potato Market Projected to Reach $98 Billion
- Exploring Affordable Investment Opportunities in Healthcare
- Exploring the Growth of the AI Camera Market Beyond 2023
- Mineral Fillers Industry Forecast: Growth and Innovations Ahead
- Economic Factors Shape Consumer Choices for Sustainable Deliveries
- Azimut Exploration Identifies Promising Lithium Zones in Quebec
- Orezone Gold Corp's Promising Drill Results Enhance Growth Prospects
- Immatics Shares New Phase 1b Data for Melanoma Therapy IMA203
- Zymeworks Announces Q3 2024 Financial Results and Call
- Man Group PLC’s Informative Position Disclosure Overview
- Domino's Pizza Faces Challenges Amidst Competitive Dining Market
- Nifty 50 Sees Slight Gains as Stock Market Remains Strong
- Delta Air Lines Expects Strong Q4 Earnings Amidst Challenges
- Delta Air Lines' Mixed Earnings Outlook Raises Concerns
- Delta Air Lines Surpasses Earnings Estimates in Strong Quarter
- Babcock & Wilcox Enhances Focus by Selling European Ventures
- Iraq's Wheat Abundance: Balancing Harvest and Financial Loss
- Indonesia's Bold Strategy to Boost Farming by 3 Million Hectares
- IDB Invest Mobilizes $2.4 Billion for Energizing Chile's Future
- JPMorgan Boosts Roku Stock Target Amid Positive Revenue Trends
- Delta Air Lines' Impressive Financial Performance in Q3 2024
- Citi Adjusts Marathon Petroleum Price Target Amid Refining Changes
- CleanSpark Achieves 30 EH/s in Bitcoin Mining Progress
- 10X Genomics Faces Challenges, Maintains Inviting Opportunities
- Riyadh Air Partners with Sabre for Innovative Airline Solutions
- JPMorgan Upgrades Abbott Labs Outlook Amid Strong Demand Surge
- Global Tire Recycling Sector Expected to Hit $8.92 Billion by 2029
- Citi's Neutral Rating and Price Target for Netflix Shares
- IDB Invest Mobilizes $2.4 Billion for Chile's Energy Future
- Citi Updates MeridianLink Price Target Amid Positive Outlook
- Cozey's First Retail Store Opens in NYC - A New Era for Furniture