Delta Air Lines Analysts Boost Their Forecasts After Upbeat Q2 Results
Portfolio Pulse from Lisa Levin
Delta Air Lines Inc (NYSE:DAL) reported better-than-expected Q2 results, with a 19% YoY adjusted operating revenue growth to $14.61 billion and an adjusted EPS of $2.68. The company expects Q3 revenue growth of 11% - 14% and an EPS of $2.20 - $2.50. Despite the positive results, Delta Air shares fell 2.3% to trade at $46.53 on Friday. Analysts from Raymond James and Morgan Stanley raised their price targets on Delta Air Lines following the earnings announcement.
July 14, 2023 | 3:34 pm
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Delta Air Lines reported strong Q2 results and positive Q3 projections, but its shares fell 2.3%. Analysts raised their price targets following the earnings announcement.
Delta Air Lines reported better-than-expected Q2 results and positive Q3 projections, which would typically lead to a rise in stock price. However, the company's shares fell 2.3%, indicating that other market factors may be influencing the stock's performance. The raised price targets by analysts suggest a positive outlook for the company, but the immediate impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100