Delta Air Lines (NYSE: DAL ) reported earnings on July 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Delta Air Lines met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged. Non-GAAP earnings per share increased significantly. GAAP earnings per share increased.
Margins grew across the board.
Delta Air Lines logged revenue of $9.71 billion. The nine analysts polled by S&P Capital IQ wanted to see a top line of $9.74 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.98. The 14 earnings estimates compiled by S&P Capital IQ predicted $0.95 per share. Non-GAAP EPS of $0.98 for Q2 were 42% higher than the prior-year quarter's $0.69 per share. GAAP EPS were $0.80 for Q2 compared to -$0.20 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 22.0%, 80 basis points better than the prior-year quarter. Operating margin was 9.8%, 70 basis points better than the prior-year quarter. Net margin was 7.1%, 880 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $10.17 billion. On the bottom line, the average EPS estimate is $1.12.
Next year's average estimate for revenue is $37.27 billion. The average EPS estimate is $2.65.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 549 members out of 937 rating the stock outperform, and 388 members rating it underperform. Among 211 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 142 give Delta Air Lines a green thumbs-up, and 69 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 $21.33.
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