For its second fiscal quarter (ending June 30), Delta Air Lines Inc (NYSE: DAL) has reported a -29% decline in E.P.S. from $2.86 a year ago to $2.04 in the current quarter. This result fell short of the consensus estimate of $2.37 by $-0.33. For the latest four quarters through June 30, E.P.S. were $7.02 versus $4.68 for the same period a year ago — an increase of 50%.
Recent Price Action
Delta Air Lines Inc (NYSE: DAL) stock closed at $44.99 on 7/11/24 after a decline of -4.0%. Moreover, exceptionally high trading volume at 450% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -3.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are 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 A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Delta Air Lines has a very high Power Rating of 86 and a very high Appreciation Score of 88, and the Highest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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