Delta Air Lines Beats Up on Analysts Yet Again
Delta Air Lines (NYS: DAL) reported earnings on Jan. 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Delta Air Lines beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew, and earnings per share grew significantly.
Margins improved across the board.
Delta Air Lines reported revenue of $8.4 billion. The 11 analysts polled by S&P Capital IQ predicted a top line of $8.3 billion. Sales were 7.8% higher than the prior-year quarter's $7.8 billion
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.45. The 14 earnings estimates compiled by S&P Capital IQ forecast $0.38 per share on the same basis. GAAP EPS of $0.50 for Q4 were much higher than the prior-year quarter's $0.02 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 44.7%, 2,450 basis points better than the prior-year quarter. Operating margin was 9.7%, 450 basis points better than the prior-year quarter. Net margin was 5.1%, 490 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $8.2 billion. On the bottom line, the average EPS estimate is -$0.10.
Next year's average estimate for revenue is $36.1 billion. The average EPS estimate is $2.25.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 531 members out of 908 rating the stock outperform, and 378 members rating it underperform. Among 222 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 127 give Delta Air Lines a green thumbs-up, and 95 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Delta Air Lines is outperform, with an average price target of $13.43.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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