Delta (DAL, $30.34) misses Q3 earnings expectations
Delta Air Lines’ third-quarter adjusted earnings (excluding 42 cents from non-recurring items) came in at $1.51 per share, lower than the Zacks Consensus Estimate of $1.56 (as reported by Zacks Investment Research).
Operating expenses, multiple flight cancellations and weakness in booking due to Hurricane Ian contributed to the earnings miss.
The carrier’s revenues rose +52% from the year-ago quarter to $13,975 million, but fell short of the Zacks Consensus Estimate of $14,157.2 million.
For the fourth quarter, Delta expects capacity to decrease in the 8-9% range. Non-fuel unit costs are expected to rise 12-13% year-over-year. The company expects revenues (adjusted) to be in the $12-$12.4 billion range.
DAL's RSI Oscillator is remaining in overbought zone for 1 day
Watch for a price pull-back in the near future.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
DAL broke above its upper Bollinger Band on December 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 03, 2023. You may want to consider a long position or call options on DAL as a result. In of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for DAL just turned positive on November 02, 2023. Looking at past instances where DAL's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
DAL moved above its 50-day moving average on November 15, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for DAL crossed bullishly above the 50-day moving average on November 21, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 20 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DAL advanced for three days, in of 296 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 215 cases where DAL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.514) is normal, around the industry mean (105.528). P/E Ratio (6.798) is within average values for comparable stocks, (14.259). Projected Growth (PEG Ratio) (0.193) is also within normal values, averaging (0.438). Dividend Yield (0.005) settles around the average of (0.041) among similar stocks. P/S Ratio (0.404) is also within normal values, averaging (0.962).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. DAL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. DAL’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 91, placing this stock worse than average.
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Industry description
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High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of scheduled air transportation for passengers, freight, and mail services
Industry Airlines
DAL and
Correlation & Price change
A.I.dvisor indicates that over the last year, DAL has been closely correlated with UAL. These tickers have moved in lockstep 85% of the time. This A.I.-generated data suggests there is a high statistical probability that if DAL jumps, then UAL could also see price increases.