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Delta Air Lines Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Published 08/04/2024, 15:43
Updated 08/04/2024, 17:10
© Reuters. Delta Air Lines Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

Delta Air Lines, Inc. (NYSE: DAL) is scheduled to release earnings results for its first quarter, before the opening bell on April 10, 2024.

Analysts expect the Atlanta, Georgia-based company to report quarterly earnings at 35 cents per share, up from 25 cents per share in the year-ago period. Delta Air is projected to post revenue of $12.55 billion for the quarter, compared to $11.84 billion in the year-earlier quarter, according to data from Benzinga Pro.

In an exchange filing last month, the company said it expects to deliver year-over-year total revenue growth in the top half of the initial guidance range for the March quarter.

Delta Air Lines shares gained 0.4% to close at $46.06 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

  • JP Morgan analyst Jamie Baker maintained an Overweight rating and cut the price target from $71 to $68 on Oct. 13, 2023. This analyst has an accuracy rate of 62%.
  • Susquehanna analyst Christopher Stathoulopoulos maintained a Positive rating and cut the price target from $60 to $44 on Oct. 11, 2023. This analyst has an accuracy rate of 70%.
  • Raymond James analyst Savanthi Syth maintained a Strong Buy rating and slashed the price target from $58 to $54 on Oct. 5, 2023. This analyst has an accuracy rate of 66%.
  • Jefferies analyst Sheila Kahyaoglu maintained a Buy rating and cut the price target from $60 to $50 on Sept. 29, 2023. This analyst has an accuracy rate of 70%.
  • Citigroup analyst Jon Tower maintained a Buy rating and lowered the price target from $67 to $64 on Sept. 18, 2023. This analyst has an accuracy rate of 75%.
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Latest Ratings for DAL

Jan 2022BerenbergUpgradesHoldBuy
Jan 2022Argus ResearchUpgradesHoldBuy
Jan 2022BarclaysMaintainsEqual-Weight

View the Latest Analyst Ratings

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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