Delta Air Lines Inc (NYSE: DAL) has reported E.P.S. of $0.06 for its first fiscal quarter (ending March 31) versus $-0.57 for the same period a year ago. This performance was $-0.52 short of the consensus estimate of $0.58. For the latest four quarters through March 31, E.P.S. were $7.84 versus $2.97 for the same period a year ago — an increase of 164%.
Recent Price Action
On 4/10/24, Delta Air Lines Inc (NYSE: DAL) stock declined by -2.3%, closing at $46.24. Moreover, exceptionally high trading volume at 371% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -1.4% during the last week.
Current PriceTarget Research Rating
DAL’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Delta Air Lines has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Delta Air Lines has a very high Appreciation Score of 86 but a slightly negative Power Rating of 37, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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