Delta Air Lines Expects FY24 Adj EPS Of $6-$7 (Est. $6.56); Q1 Total Revenue To Be Up 3%-6% And Adj EPS Of $0.25-$0.50 (Est. $0.40)
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Delta Air Lines forecasts an adjusted EPS of $6-$7 for FY24, compared to the estimated $6.56. For Q1, they anticipate total revenue to increase by 3%-6% and project an adjusted EPS of $0.25-$0.50, with estimates at $0.40.
January 12, 2024 | 11:35 am
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Delta Air Lines expects a higher adjusted EPS for FY24 than the current estimate and predicts a revenue increase and EPS within the estimated range for Q1.
Delta's guidance for FY24 suggests a positive outlook, with an adjusted EPS range that surpasses the average analyst estimate. The Q1 revenue growth projection and EPS guidance that aligns with estimates indicate a strong start to the year. This positive guidance is likely to instill investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100