Delta Air Lines Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Delta Air Lines, Inc. (NYSE:DAL) is anticipated to report an increase in Q1 earnings to 35 cents per share from 25 cents per share year-over-year, with revenue expected to rise to $12.55 billion from $11.84 billion. The company has indicated achieving the top half of its initial revenue growth guidance for the quarter. Shares of Delta Air Lines increased by 0.4% to close at $46.06 recently. Analysts from JP Morgan, Susquehanna, Raymond James, Jefferies, and Citigroup have adjusted their price targets for DAL, reflecting a mix of optimism and caution.
April 08, 2024 | 2:43 pm
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Delta Air Lines is expected to report increased Q1 earnings and revenue, with shares recently up 0.4%. Analysts have revised price targets, indicating a cautiously optimistic outlook.
The expected increase in earnings and revenue for Delta Air Lines, coupled with the recent positive share price movement, suggests a short-term bullish outlook. Analysts' adjustments to price targets, despite being mixed, generally maintain a positive stance on the stock, supporting the likelihood of continued investor interest and potential share price appreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100