Delta Air Lines Lags Q3 Earnings Estimates

Delta Air Lines (NYSE: DAL) came out with quarterly earnings of $1.50 per share, missing the Zacks Consensus Estimate of $1.56 per share. This compares to earnings of $2.03 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -3.85%. A quarter ago, it was expected that this airline would post earnings of $2.37 per share when it actually produced earnings of $2.36, delivering a surprise of -0.42%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Delta, which belongs to the Zacks Transportation - Airline industry, posted revenues of $15.68 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2%. This compares to year-ago revenues of $15.49 billion. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Delta shares have added about ...