Posted 3/4/2024, 10:45:18 PM
Delta Air Lines Stock Underperforms Broader Market Despite Positive Business Trends
- Delta Air Lines (DAL) stock fell more than the broader market recently, trailing the S&P 500, Dow, and Nasdaq
- DAL is expected to report earnings growth of 40% year-over-year in its next quarterly report
- Recent estimate revisions reflect near-term business trends and correlate with future stock performance
- DAL currently trades at a forward P/E ratio of 6.4, representing a discount vs. the industry average of 8.38
- The Transportation - Airline industry ranks in the top 14% of all Zacks-covered industries, suggesting strong performance potential