For its fourth fiscal quarter (ending December 31), Delta Air Lines Inc (NYSE: DAL) has reported a 145% increase in E.P.S. from $1.30 a year ago to $3.19 in the current quarter. This result exceeded the consensus estimate of $1.17 by $2.02. E.P.S. were $7.21 for the latest four quarters through December 31 versus $2.07 for the same period a year ago — an increase of 248%.
Recent Price Action
On 1/12/24, Delta Air Lines Inc (NYSE: DAL) stock suffered a large decline of -9.0%, closing at $38.47. Moreover, exceptionally high trading volume at 423% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -1.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, DAL is expected to continue to be a major Value Builder.
Delta Air Lines has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Delta Air Lines has a very high Appreciation Score of 92 but a neutral Power Rating of 43, producing the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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