- Delta Air Lines (DAL, Financial) gears up for its first-quarter earnings release amid challenging market conditions.
- Analysts anticipate a 13.3% drop in earnings per share compared to last year.
- Despite the current hurdles, Wall Street analysts maintain a positive outlook on DAL's future.
As Delta Air Lines (NYSE: DAL) prepares to unveil its first-quarter earnings report on April 9, investor attention is sharply focused on the company's forward-looking statements. The airline industry is navigating turbulent skies with declining domestic demand and softening consumer sentiment, which are key concerns for stakeholders. For this quarter, Delta's earnings per share (EPS) are projected to be $0.39, marking a 13.3% decrease from the prior year, while revenue is expected to touch $13.46 billion, reflecting a 2.1% dip year-over-year.
Wall Street Analysts Forecast
Delta Air Lines Inc (DAL, Financial) has captured the interest of 19 analysts who have provided one-year price targets. The average target price sits at $65.55, with estimates ranging from a high of $95.00 to a low of $42.00. This average price target suggests a remarkable upside potential of 70.43% from the current share price of $38.46. For a more in-depth exploration of these projections, visit the Delta Air Lines Inc (DAL) Forecast page.
The sentiment among brokerage firms is predominantly optimistic, with a consensus recommendation that positions Delta Air Lines at an "Outperform" status. With an average brokerage recommendation of 1.8, on a scale where 1 represents a Strong Buy and 5 indicates Sell, the stock reflects a degree of optimism among market professionals.
According to GuruFocus estimates, Delta Air Lines Inc (DAL, Financial) has a projected GF Value of $47.00 over the next year. This figure represents a potential upside of 22.2% from its current trading price of $38.4601. GF Value is a measure of the stock's fair value, calculated through an analysis of historical trading multiples, previous business growth patterns, and anticipated future performance. For further detailed insights, consult the Delta Air Lines Inc (DAL) Summary page.
