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Delta Air Lines, Inc. (DAL) Flies Above Q3 Estimates

Delta Air Lines, Inc. , right before the market opened on Wednesday, October 14, showed off its earnings numbers for the three months through September. Earnings for the quarter came in at $1.74 per share. The firm showed sales totaling $11.12B for the three months.

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In the run up to the release of today’s results, analysts following the firm were looking for earnings per share of $1.70 per share from Delta Air Lines, Inc for the quarter. Sales for the period were forecast to come in at $11.12B by consensus.

Delta Air Lines, Inc result by comparison

The same three months of 2014 saw earn Delta Air Lines, Inc $1.74 per share on sales that came to $11.11B. In the last twelve months shares in the firm have gained 57.18% of their value. In the three months leading into the release of these results the firm gained 12.57% of their value.

Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s route network is centered on a system of hub and international gateway airports that it operates in Amsterdam, Atlanta, Detroit, Los Angeles, Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City, Seattle and Tokyo-Narita.

The Company’s segments include its Airline segment and Refinery segment. The Company’s Airline segment provides scheduled air transportation for passengers and cargo and other ancillary airline services, including maintenance and repair services for third-parties.

Analysts look at Delta Air Lines, Inc

Delta Air Lines, Inc. is expected to make a profits of $4.57per share for the twelve months of its current fiscal year. Full sales for the year are forecast to come in at $40.71B.

In the last full fiscal year Delta Air Lines, Inc. made $3.31 per share. Sales came in at $40.36B.

Of the 18 analysts covering the firm for Wall Street, 8 analysts said that clients should Buy shares in the firm, 10 analysts rated the shares at Overweight, while none of the analyst said that holding the shares was the best option going forward.

None of the analyst said that clients should keep the shares Underweight in their portfolios, while zero said that their best idea was to Sell the shares ahead of the release of this earnings report.

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Victor Alagbe is a seasoned business and finance writer with a specialty in writing about how to invest for the long-term in healthcare, pharmacology, energy and tech stocks. His long-term focus is on stocks that provide a nice mix of growth and income. For the short term, he passionately writes about trading stock options for the excitement and leverage that stock options offer.

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