Delta Air Lines Expects 4Q23 EPS Of $1.05-$1.30 Vs. $1.11 Consensus; Sees Total Revenue Growth Of 9%-12% And Operating Margin Of 9%-11%
Portfolio Pulse from Benzinga Newsdesk
Delta Air Lines has projected its 4Q23 EPS to be between $1.05 and $1.30, compared to the consensus of $1.11. The company also expects total revenue growth of 9%-12% and an operating margin of 9%-11% for the same period. For the full year 2023, Delta anticipates a revenue increase of approximately 20% and an operating margin of around 11.5%.
October 12, 2023 | 10:38 am
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Delta Air Lines' projected 4Q23 EPS is slightly below the consensus, which may negatively impact the stock price. However, the expected revenue growth and operating margin could offset this impact.
While the projected EPS is slightly below the consensus, which could negatively impact the stock price, the expected revenue growth and operating margin are positive indicators that could offset this impact. Therefore, the overall short-term impact on Delta's stock is neutral.
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