Delta Airlines (DAL) is set to report earnings on April 13, with expectations for earnings per share (EPS) to fall -78% to 32 cents per share. This forecasted decline in earnings is likely due to the continued impact of the COVID-19 pandemic on the airline industry.
To gain a better understanding of DAL's financial performance, let's examine some key metrics from their last earnings report on December 31. DAL reported EPS of $1.48, which missed the estimated EPS of $1.32. The Price-to-Book (P/B) ratio of 3.369 is within the industry mean of 144.142, indicating that the stock is not overvalued compared to its peers. The Price-to-Earnings (P/E) ratio of 16.779 is also within average values for comparable stocks (56.073). The Projected Growth (PEG) ratio of 0.265 is considered normal and falls within the average range of 0.450 for the industry. However, the Dividend Yield of 0.000 is lower than the average of 0.041 for similar stocks. The Price-to-Sales (P/S) ratio of 0.438 is also within normal values and averages 0.764.
Furthermore, DAL has a market capitalization of 22.17B and 9.77M shares outstanding. These metrics indicate that DAL is a large-cap stock with a moderate valuation compared to its peers.
In addition to financial metrics, technical analysis can also provide insights into DAL's stock performance. The Moving Average Convergence Divergence (MACD) is a popular technical indicator used to analyze stock trends. DAL's MACD histogram turned positive on March 31, 2023. Historically, when DAL's MACD turned positive, the stock continued to rise in 32 out of 42 cases over the following month. This indicates that there is a 76% probability of a continued upward trend in DAL's stock price.
While the upcoming earnings report is expected to show a decline in earnings, DAL's financial and technical indicators suggest that the stock is performing relatively well compared to its industry peers. Investors should continue to monitor DAL's financial performance and technical indicators to make informed investment decisions.
DAL saw its Momentum Indicator move above the 0 level on July 26, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 85 similar instances where the indicator turned positive. In of the 85 cases, the stock moved higher in the following days. The odds of a move higher are at .
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of scheduled air transportation for passengers, freight, and mail services
Industry Airlines