Unlocking Q4 Potential of Delta (DAL): Exploring Wall Street Estimates for Key Metrics

Analysts on Wall Street project that Delta Air Lines (DAL) will announce quarterly earnings of $1.76 per share in its forthcoming report, representing an increase of 37.5% year over year. Revenues are projected to reach $14.83 billion, increasing 4.3% from the same quarter last year.The consensus EPS estimate for the quarter has been revised 1.5% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.That said, let's delve into the average estimates of some Delta metrics that Wall Street analysts commonly model and monitor.The average prediction of analysts places 'Operating Revenues- Passenger' at $12.60 billion. The estimate indicates a year-over-year change of +3.5%.According to the collective judgment of analysts, 'Operating Revenues- Cargo' should come in at $196.97 million. The estimate indicates a change of +4.8% from the prior-year quarter.The consensus among analysts is that 'Operating Revenues- Other net' will reach $2.29 billion. The estimate indicates a year-over-year change of +23%.The collective assessment of analysts points to an estimated 'Passenger Revenue by Geographic Region- Domestic' of $8.95 billion. The estimate suggests a change of +2% year over year.Analysts predict that the 'Passenger Revenue by Geographic Region- Pacific' will reach $598.53 million. The estimate indicates a change of +8.2% from the prior-year quarter.It is projected by analysts that the 'Passenger Revenue by Geographic Region- Latin America' will reach $986.18 million. The estimate indicates a year-over-year change of +3.6%.Based on the collective assessment of analysts, 'Passenger Revenue by Geographic Region- Atlantic' should arrive at $2.06 billion. The estimate suggests a change of +8.4% year over year.Analysts expect 'Passenger Load Factor' to come in at 85.5%. The estimate compares to the year-ago value of 84%.Analysts' assessment points toward 'Revenue passenger miles - Consolidated' reaching 60.74 billion. The estimate is in contrast to the year-ago figure of 57.66 billion.The combined assessment of analysts suggests that 'Cost per Available Seat Mile (CASM) - Ex' will likely reach 13.69 cents. Compared to the current estimate, the company reported 13.29 cents in the same quarter of the previous year.Analysts forecast 'Adjusted- Average fuel price per gallon' to reach $2.30. The estimate is in contrast to the year-ago figure of $3.The consensus estimate for 'Available seat miles - Consolidated' stands at 70.87 billion. The estimate is in contrast to the year-ago figure of 68.46 billion.View all Key Company Metrics for Delta here>>>Shares of Delta have demonstrated returns of -3.6% over the past month compared to the Zacks S&P 500 composite's -1.7% change. With a Zacks Rank #3 (Hold), DAL is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks