Delta (DAL) Set to Announce Earnings Tomorrow: Here’s What You Should Know

Delta Air Lines Set to Announce Earnings

Delta Air Lines (NYSE:DAL) is scheduled to release its latest financial results this Tuesday morning. Here’s a summary of what investors should know ahead of the announcement.

In the previous quarter, Delta surpassed Wall Street’s revenue projections by 3.8%, posting $16.67 billion in revenue—a 6.4% increase compared to the same period last year. The airline also provided earnings guidance for the upcoming quarter that exceeded analyst forecasts and outperformed consensus EPS estimates. Additionally, Delta reported 67.62 billion revenue passenger miles, reflecting a 2% year-over-year rise.

Expectations for This Quarter

Analysts anticipate Delta’s revenue will reach $15.78 billion this quarter, representing a 1.4% year-over-year increase—a slower pace than the 9.4% growth seen in the same quarter last year. Adjusted earnings per share are projected to be $1.55.

Delta Total Revenue

Over the past month, most analysts have maintained their forecasts for Delta, indicating confidence in the company’s performance as earnings approach. Notably, Delta has consistently outperformed revenue expectations for the past eight quarters, with an average beat of 6.4%.

Industry Peers: Recent Results

Some of Delta’s competitors in the consumer discretionary sector have already shared their Q4 results, offering insight into industry trends. Carnival reported a 6.6% increase in revenue year-over-year, though this fell short of analyst estimates by 0.6%. Nike’s revenue remained flat but exceeded expectations by 1.7%. Following their earnings releases, Carnival’s stock climbed 13.7%, while Nike’s shares dropped 10.9%.

Market Sentiment and Price Targets

The consumer discretionary sector has experienced a positive trend, with average share prices rising 3% over the past month. Delta’s stock has gained 1.7% during this period. Heading into earnings, analysts have set an average price target of $79.32 for Delta, compared to its current price of $72.48.

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