Delta Air Lines reported slightly better than estimated Q2 results with room for growth.

From Nasdaq: 2024-07-21 11:06:29

Delta (NYSE: DAL) reported Q2 results, with revenue at $15.45 billion and earnings at $2.36 per share, slightly exceeding estimates. Stock performance has been inconsistent, underperforming the S&P in 2021 and 2023. However, DAL stock has room for growth with a valuation of $54 per share, reflecting over 15% upside.

Despite the challenges, Delta seems to have navigated well in Q2, with revenue up 5% year-over-year. However, adjusted operating margin contracted to 14.7% due to higher fuel expenses. Q3 revenue is expected to rise 2-4%, but EPS may fall short of consensus estimates. DAL stock saw a 6% rise in a week.

Compared to the S&P 500, Delta has had mixed performance returns, with a -4% return in July 2024 and 14% year-to-date. The Trefis High Quality Portfolio has consistently outperformed individual stocks and the benchmark index. DAL stock appears to have more potential for growth, but guidance for the current quarter is bleak.



Read more at Nasdaq: Will Delta Air Lines Stock See Higher Levels After An Upbeat Q2?