Delta Air Lines Updates FY23 EPS Guidance, Now Expects Adjusted EPS Of $6.00 - $6.25 (Prior $6-$7) Vs. $6.04 Consensus; Sees Total Revenue Growth Of ~20% And Operating Margin Of ~11.5%
Portfolio Pulse from Benzinga Newsdesk
Delta Air Lines has updated its FY23 EPS guidance, now expecting an adjusted EPS of $6.00 - $6.25, compared to the previous range of $6-$7 and a consensus of $6.04. The company also forecasts total revenue growth of approximately 20% and an operating margin of around 11.5%.
October 12, 2023 | 10:36 am
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Delta Air Lines has revised its FY23 EPS guidance downwards, which may negatively impact investor sentiment. However, the forecasted revenue growth and operating margin could offset this.
Delta's downward revision of its EPS guidance may initially disappoint investors, potentially leading to a short-term negative impact on the stock. However, the company's strong forecast for revenue growth and operating margin could counterbalance this and maintain the stock's stability.
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