Delta Air Lines Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Delta Air Lines, Inc. DAL will release earnings results for its third quarter, before the opening bell on Thursday, Oct. 10.
Analysts expect the Atlanta, Georgia-based company to report quarterly earnings at $1.51 per share, down from $2.03 per share in the year-ago period. Delta Air projects to report revenue of $14.71 billion for the quarter, compared to $14.55 billion a year earlier, according to data from Benzinga Pro.
On Sept. 12, Delta reportedly said FY24 EPS is expected to be at or above the midpoint of the $6-$7 range, with September quarter ASMs up around 4% YoY.
Delta Air shares gained 2.3% to close at $50.62 on Tuesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
- Jefferies analyst Sheila Kahyaoglu maintained a Buy rating and raised the price target from $56 to $60 on Oct. 2. This analyst has an accuracy rate of 71%.
- Citigroup analyst Stephen Trent maintained a Buy rating and boosted the price target from $55 to $65 on May 29. This analyst has an accuracy rate of 70%.
- Deutsche Bank analyst Michael Linenberg maintained a Buy rating and increased the price target from $50 to $60 on April 11. This analyst has an accuracy rate of 74%.
- UBS analyst Atul Maheswari initiated coverage on the stock with a Buy rating and a price target of $59 on March 20. This analyst has an accuracy rate of 66%.
- JP Morgan analyst Jamie Baker maintained an Overweight rating and slashed the price target from $71 to $68 on Oct 13, 2023. This analyst has an accuracy rate of 63%.
Considering buying DAL stock? Here’s what analysts think:
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