Preview: Delta Air Lines's Earnings
Portfolio Pulse from Benzinga Insights
Delta Air Lines (NYSE:DAL) is expected to report an EPS of $1.16 in its upcoming quarterly earnings on January 12, 2024. Investors are looking for an earnings beat and positive guidance for future growth. Historically, DAL's stock price has shown mixed reactions to earnings reports, with the last quarter's beat resulting in a 2.99% drop in share price. Over the past year, DAL shares have increased by 10.18%, indicating a positive sentiment among long-term shareholders.
January 11, 2024 | 2:00 pm
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Delta Air Lines is anticipated to report an EPS of $1.16 and investors will focus on earnings beat and future guidance. Historical data shows mixed stock reactions post-earnings, but long-term trend is positive with a 10.18% increase over the past year.
While the expected EPS of $1.16 sets a benchmark for Delta Air Lines's performance, the historical price reactions to earnings reports have been mixed, making it challenging to predict short-term stock movement. However, the positive long-term trend may cushion any negative impact from the earnings report.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100