May 30, 2023
DAL Earnings Preview | Q1 2023
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Stock & Indices

DAL Earnings Preview | Q1 2023

Delta Airlines Q1 2023 earnings report will be released on Thursday before the market opens. While Delta Airlines (DAL) share prices have increased by 2.5% in 2023 and about 10% in the past six months, the overall market sentiment is not so bright for the year’s first half. Delta Airlines’ report will result from the struggle between fuel prices and increased travel demand. While the company management also confirmed the strong sales, noting in JPMorgan Industrial Conference held on March 14 that “demand is getting stronger, and in the last 30 days, we have had the ten highest sales days in our company’s history.” higher costs due to fuel prices and higher salaries, can decrease the company net income.

Before checking the expectations, let us review the previous quarter’s results. In the fourth-quarter 2022 earnings, Delta reported $1.48 per share. The company also reported revenues of $13,435 million, which surpassed the Zacks Consensus Estimate of $13,030.3 million and increased more than 41.87% year-over-year.

For the full year ending in December, earnings are projected to be $5.35 per share, much higher than $3.20 a year ago, and annual revenue is estimated to become $53.84 billion, which would rise 18% year over year. According to the Zacks investment research, Consensus Estimate for first-quarter 2023 EPS is $0.32. Walls Street is also expecting a $0.33 EPS. Analysts expect the Atlanta-based transportation giant to generate $12.05 billion as revenue.

While from an investment standpoint, and based on market price, stock value, rising operating cash flow, and operating margins, now DAL would be an ideal time to own, technical indicators remain bearish, with $37 as a pivot, where bulls can start the rally.

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