Delta Air Lines Set to Reveal Fourth Quarter Earnings: What to Expect

Preview of Earnings Report: Delta Air Lines Inc DAL is scheduled to announce its fourth-quarter earnings on Friday. Analysts predict earnings per share (EPS) of $1.76 alongside $14.21 billion in revenue, with the announcement taking place before the market opens.

Over the past year, Delta’s stock has surged by 45.13%, showing a 30.99% increase in the last six months alone.

This article will explore the current trends for Delta Air Lines stock and see how it aligns with Wall Street’s expectations.

Market Sentiment: Key Indicators

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Delta Air Lines stock is currently experiencing a bullish trend. The share price remains above its eight-, 20-, and 200-day simple moving averages (SMAs), indicating strong buying momentum. However, caution is warranted as the stock trades below its 50-day SMA, which sits at $61.70, hinting at potential short-term challenges.

The Moving Average Convergence Divergence (MACD) indicator registers at a negative 0.30, suggesting a bearish sentiment that may present some headwinds. On a more neutral note, the Relative Strength Index (RSI) stands at 51.49, showing that the stock is neither overbought nor oversold, allowing for possible directional shifts.

Analyst Ratings and Price Targets: Currently, the consensus rating for Delta Air Lines stock is “Buy,” with an average price target of $66.18. Recent ratings from analysts at Susquehanna, Citigroup, and UBS suggest a potential upside of 29.39%, setting the average price target at $79.67.

Current Trading Value: As of Thursday’s publication, Delta Air Lines stock was trading at $61.42.

Stay Informed:

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