From Nasdaq: 2024-07-10 00:00:34

Delta (NYSE: DAL) is expected to report downbeat Q2 2024 results, with revenue and earnings slightly below estimates. Stock currently at $46, with potential upside to $55 according to Trefis analysis. Peers CAT, HON, GOOG, TSLA, MSFT have shown inconsistent returns, but Trefis HQ Portfolio has outperformed S&P each year.

In Q1, Delta posted $12.6 billion in adjusted revenue, up 6% y-o-y. Adjusted operating margin expanded to 5.1%. Q2 forecasted revenue at $15.45 billion, 6% y-o-y growth. Expected earnings per share at $2.32. International revenue expansion and increased corporate travel in the U.S. to drive growth.

Despite expected downbeat Q2 results, Delta’s stock outlook for the second half of the year remains positive. DAL stock looks poised for growth, with a valuation estimate of $55 per share. Peers and industry comparisons available on Trefis. Trefis HQ Portfolio has consistently outperformed S&P 500 over recent years.



Read more at Nasdaq: After 15% Gains This Year What To Expect From Delta Air Lines Stock Post Q2?