Delta Air Lines, Inc. (DAL) is set to announce its third-quarter earnings before the market opens on Thursday, October 10th. Analysts forecast a decrease in earnings per share to $1.51, down from $2.03 in the same period last year, while revenue is expected to remain stable at $14.71 billion, slightly above the $14.55 billion recorded the previous year, according to Benzinga Pro.
The airline maintains a positive outlook for the full fiscal year 2024, aiming for earnings per share to hit or exceed the midpoint of the $6-$7 range. Additionally, Delta reported a 4% year-over-year increase in available seat miles for the September quarter, contributing to a recent 2.3% stock price increase, closing at $50.62.
For investors eyeing DAL stock, it’s essential to gauge analyst sentiment. Benzinga’s Analyst Stock Ratings page provides a detailed overview of analyst recommendations, categorized by ticker, company, firm, and rating changes. Here’s a quick look at recent analyst opinions on Delta:
- Jefferies: Analyst Sheila Kahyaoglu maintained a ‘Buy’ rating and raised the price target from $56 to $60 on October 2nd, boasting a 71% accuracy rate.
- Citigroup: Analyst Stephen Trent kept a ‘Buy’ rating, increasing the price target from $55 to $65 on May 29th, with a 70% accuracy rate.
- Deutsche Bank: Analyst Michael Linenberg maintained a ‘Buy’ rating and raised the price target from $50 to $60 on April 11th, holding a 74% accuracy rate.
- UBS: Analyst Atul Maheswari initiated coverage with a ‘Buy’ rating and a price target of $59 on March 20th, achieving a 66% accuracy rate.
- JP Morgan: Analyst Jamie Baker retained an ‘Overweight’ rating but reduced the price target from $71 to $68 on October 13, 2023, with a 63% accuracy rate.
With a significant majority of analysts optimistic about Delta’s future, this information can aid investors in making informed decisions. However, it’s crucial to pair these insights with comprehensive individual research and risk evaluation.
