Delta Air Lines (NYSE: DAL ) is expected to report Q2 earnings around July 23. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Delta Air Lines's revenues will grow 0.0% and EPS will increase 36.2%.
The average estimate for revenue is $9.74 billion. On the bottom line, the average EPS estimate is $0.94.
Last quarter, Delta Air Lines recorded revenue of $8.50 billion. GAAP reported sales were 1.0% higher than the prior-year quarter's $8.41 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.10. GAAP EPS of $0.01 for Q1 were 93% lower than the prior-year quarter's $0.15 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 17.0%, 140 basis points worse than the prior-year quarter. Operating margin was 3.8%, 60 basis points worse than the prior-year quarter. Net margin was 0.1%, 140 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $37.28 billion. The average EPS estimate is $2.63.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 549 members out of 938 rating the stock outperform, and 389 members rating it underperform. Among 205 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 138 give Delta Air Lines a green thumbs-up, and 67 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Delta Air Lines is outperform, with an average price target of $17.53.
Looking for alternatives to Delta Air Lines? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add Delta Air Lines to My Watchlist.