Delta Air Lines (DAL) Stock Sinks As Market Gains: What You Should Know

Zacks Equity Research

In the latest trading session, Delta Air Lines (DAL) closed at $39.73, marking a -1.27% move from the previous day. This change lagged the S&P 500's 0.35% gain on the day. Meanwhile, the Dow gained 0.23%, and the Nasdaq, a tech-heavy index, added 0.26%.

Coming into today, shares of the airline had lost 2.54% in the past month. In that same time, the Transportation sector gained 0.79%, while the S&P 500 gained 3.27%.

DAL will be looking to display strength as it nears its next earnings release. In that report, analysts expect DAL to post earnings of -$2.36 per share. This would mark a year-over-year decline of 238.82%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.67 billion, down 67.94% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$10.60 per share and revenue of $16.89 billion. These totals would mark changes of -245.01% and -64.07%, respectively, from last year.

Investors might also notice recent changes to analyst estimates for DAL. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.99% lower. DAL currently has a Zacks Rank of #5 (Strong Sell).

The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 249, putting it in the bottom 3% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.


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 Report
 
To read this article on Zacks.com click here.

Latest Stories

  • Military on alert over Trump’s martial law threat: ‘The craziness is unprecedented’

    According to a new report, ranking officers have discussed what they would do if the president declared martial law. President Donald Trump has filed lawsuits after losing the 2020 presidential election and refuses to acknowledge the defeat. A new report claims military leaders have discussed their plan of action if POTUS were to declare martial law toward the last days of his term.

  • Court orders release of man charged in Daniel Pearl killing

    A provincial court in Pakistan on Thursday ordered the release of a British-born Pakistani man charged in the 2002 murder of American journalist Daniel Pearl. The Sindh High Court’s release order overturns government detention orders that Ahmed Omar Saeed Sheikh, the key suspect in Pearl’s slaying, should remain in custody. Sheikh was acquitted earlier this year of murdering Pearl, but has been held while Pearl's family appeals the acquittal.

  • Dog crushed to death by owner during confrontation with mugger

    A dog was crushed to death by its owner after she was knocked over during a confrontation with a mugger in an “unprovoked and unacceptable” attack. Norfolk Terrier, Rufus was crushed while the woman tried to pull the thief off her husband. The man, 56 and his 36 year old wife were walking their two dogs in Westminster, central London, when they were approached by a man pushing a bike along the footpath. The man, who wore a face covering and gloves, stopped the pair before pulling the watch off the man's arm, causing scratches to his forearm. The pair began to struggle and it was at this point that the wife tried to pull the mugger away during the attack at 4.15pm in Spanish Place on August 4.

  • Russia’s New Territory

    In November, Russia gained a slice of somebody else’s country. It did this not through unidentified troops moving across a border, nor through hybrid warfare. Instead, it negotiated its capture in full view of, and without a single question asked by, the United States or the rest of the world.Fighting between Azerbaijan and Armenia over Nagorno-Karabakh preceded the annexation. The mountainous region is internationally recognized as part of Azerbaijan but since a 1994 ceasefire between the two nations has been controlled by ethnic Armenians. The conflict flared up again in September. Two months later came a peace deal, with Russia the winner: It mediated a ceasefire that placed the Kremlin’s ostensibly peacekeeping boots on the ground. America watched idly as this happened.As Armenia’s traditional protector, Russia held the only leverage to convince Armenia to sign this ceasefire. By signing, Yerevan gave up claims to the territories it had occupied within Azerbaijan since 1994 and gained nothing — bar a ceasefire rather than a forced surrender. In return for securing for its ally a marginally smaller humiliation, Moscow gained a present and a presence.In reality — unless America is prepared to engage fully in the peace process — Nagorno-Karabakh is now Russia’s indefinitely. The Kremlin ostensibly controls the territory for five years, with an automatic rollover for an additional five should none of the three parties to the ceasefire object six months before the end of the mandate.Russia certainly won’t. It is now gatekeeper to a region central to Europe’s energy diversification (reducing the role of Russian imports). If the region is strategically important to NATO, that makes it strategically important to the Kremlin.Armenia, for mistrust of Azerbaijan, will want the peacekeepers to stay. The short but brutal conflict has proven conclusively that Armenia cannot win militarily, and that therefore ethnic Armenians must accept either governance by Azerbaijan or the protectorate of Russia. Weak and broken, Yerevan finds it less of a humiliation to accept Russian tutelage in Nagorno-Karabakh, if only to deny an archenemy a complete victory. But this is a longer-term disaster for the Armenians. It means they are effectively trapped in a Russian embrace. They cannot turn west and cannot turn east — either diplomatically or for investment — because the Russians are now in charge.Though traditionally thought of by Moscow as “on the other side,” Azerbaijan — owing to lukewarm support from the United States and EU in recent years — has been steadily deepening diplomatic and economic relations with Russia, in part from necessity and a lack of serious alternatives. Yet now, with Russian military boots on Azerbaijani territory for the first time since the fall of the Soviet Union, Moscow’s leverage has also become economic leverage: By militarily guaranteeing a transport corridor across Armenia — closed before the ceasefire — to Azerbaijan’s exclave of Nakhichevan, Russia now controls Azerbaijan’s long-sought-after, direct land route from the Caspian Sea to the Mediterranean and Europe.The West certainly could have seen this coming. This is how it always begins: A toehold soon morphs into a footprint. Crimea, Eastern Ukraine, South Ossetia, Abkhazia — the list of examples goes on. Russian presence becomes Russian control: the only logic of Putin’s neo-czarist ambitions.Indeed, now, only a matter of weeks after troop deployment, the Kremlin is maneuvering: Lines on maps have started to bend and flex. On the Russian Ministry of Defense website, a page shows a map outlining the area where Russian peacekeepers, by the terms of the agreement, are to be stationed and will have jurisdiction within which to operate. On December 13, miraculously, the land they control had expanded. This was changed back to the original on the next day, after Azerbaijani diplomatic pressure. But this activity demonstrates that Kremlin cartographers are getting creative — and very early in this intervention.Rumors now swell of Russian “passportization” in Nagorno-Karabakh. Manufacturing new demographic realities on the ground by granting citizenship has been used to maintain influence in the internal affairs in other post-Soviet nations. Once Russians occupy the area, the Russian state is obliged to step in.It is a classic of the Kremlin repertoire. It preceded the invasion of Crimea. It happened in two regions in Georgia, South Ossetia and Abkhazia, again before wars broke out, with Russia coming out as the chief beneficiary. Most recently, passportization has been aggressively deployed in eastern Ukraine, through a helpfully streamlined process. The Kremlin forecasts that there will be over one million Russian citizens bearing newly minted documents by the end of the year. In all of these situations, Russia’s grip is secure.Passportization would mean that a negotiated settlement on the final status of Nagorno-Karabakh — what was supposed to be some form of autonomy within Azerbaijan, as in Soviet days — will never materialize. It will instead turn into a Russian-passport protectorate, giving Russia the pretext — or in Moscow’s lexicon, the legal right — to jump into the region were any imagined threat to its “citizens” to emerge.Considering the U.S.-led assistance now poured into Ukraine in the wake of Russian destabilization, it is surprising that more precautionary measures are not being taken in the South Caucasus.Yet time remains for America to step in: The ceasefire shall give way to negotiations for a final peace deal, with much left to decide. The U.S. must fully and comprehensively oppose passportization. American companies should invest in infrastructure and energy projects in the region so as to limit Russia’s room for maneuver. And U.S.-led joint investment initiatives between Armenia and Azerbaijan would help to cut the dependence of both on Russia.It’s time for America to step up diplomatic and economic efforts and reinsert itself in this process. Otherwise, Russia’s empire will continue to expand unchecked.

  • Father of child killed in Iraq massacre says Trump’s Blackwater pardons ‘broke my life again’

    The private security contractors killed at least 14 civilians, including women and children

  • Ireland breathes sigh of relief as 'least bad' Brexit deal clinched

    Irish Prime Minister Micheál Martin expressed relief on Thursday after neighbouring Britain agreed a last-minute trade deal with the European Union which he said was the "least bad version of Brexit possible". Ireland, the EU member state most exposed to the fall-out from Britain's departure, was an important player during four rocky years of exit negotiations in which it sought to shelter its highly exposed agricultural sector and avoid a hard border infrastructure with the British region of Northern Ireland.

  • Woman sues after Chicago police drag her from car by hair

    A woman who says she was yanked by her hair from a car by Chicago police during a shopping mall encounter has filed a federal lawsuit against the city. Mia Wright, 25, and four family members claim their civil rights were violated and asserts the May confrontation left her blind in one eye from flying glass caused by police breaking the windows of the car to get to its passengers. “During this attack, Mia Wright could not breathe and was in paralyzing fear as her face and neck were smashed against the concrete ground,” says the lawsuit filed in U.S. District Court in Chicago.

  • Creek Fire forces Christmas Eve evacuations north of San Diego

    Thousands of people were told to evacuate the Camp Pendleton military base and nearby communities as the Creek Fire spread.

  • Ethiopia's army kills 42 in response to brutal massacre, officials say

    The Ethiopian army has killed 42 people it claims were responsible for massacring more than 100 civilians this week in the west of the country, officials said on Thursday. Eyewitnesses and officials said that at least 102 people were killed in a horrific ethnically fuelled pre-dawn massacre in the Metekel zone in the Benishangul-Gumuz early on Wednesday. The attackers reportedly set fields and homes ablaze, burning people alive as they slept. News of the massacre comes at a turbulent and dangerous moment in Africa’s second-most populous nation. Since early November the federal government and allied regional forces like Eritrea has been conducting a deadly military campaign in the northern Ethiopian province of Tigray to oust the powerful regional government there. The Tigray conflict has killed thousands and humanitarians estimate more than 1m people have been internally displaced in the northern region itself. The latest massacre in Benishangul-Gumuz is wholly separate from the conflict. But the conflict has been sucking up the government troops and resources, raising fears of a security vacuum elsewhere in regions prone to deadly ethnic violence. According to the Ethiopian Human Rights Commission, a government-affiliated body which first reported the massacre, no security forces were stationed in the area when the attack occurred. Separately from Tigray, prime minister Abiy Ahmed faces myriad challenges, including attempts to promote national unity in a country with more than 80 ethnic groups. Ethnic violence has been a significant problem since Mr Abiy was swept to power in 2018 on the back of widespread protests against the old ruling clique. Many fear the so-called ‘Balkanisation’ Ethiopia — break up of the country along ethnic lines. Contests over land and resources in Benishangul-Gumuz have spurred violence between ethnic groups, and this week’s massacre was just the latest gruesome atrocity in the region in recent months. Mr Abiy said he had sent a “joint force” to the area to “solve the problem.” “The Ethiopia Defence Force has destroyed 42 anti-peace forces who attacked civilians yesterday” in the Metekel zone, the regional government said in a statement on Thursday.

  • Should You Be Living in a Hotel?

    7 extended-stay accommodations that transform work-from-home into work-from-anywhereOriginally Appeared on Architectural Digest

  • California brush fire at U.S. Marine base forces evacuation of 7,000-plus residents

    Wind-driven flames racing through miles of dry brush on a U.S. Marine Corps base in Southern California prompted the evacuation of more than 7,000 residents on Thursday from neighborhoods at the edge of the sprawling installation, authorities said. The so-called Creek Fire erupted Wednesday night along a roadside on the eastern flank of Camp Pendleton, north of San Diego, and charred some 3,000 acres by noon on Thursday, the California Department of Forestry and Fire Protection (CalFire) reported. No property damage or injuries were reported, but the blaze prompted mandatory evacuations early Thursday of base housing facilities, as well as homes in the adjacent civilian community of Fallbrook, displacing 7,000 people there, CalFire Captain Thomas Shoots said.

  • Disgraced New York politician found limping by Ohio roadside 23 years after fleeing justice

    The former politician disappeared when he was sentenced for selling pistols without a permit

  • Christmas in Florida: Chilly forecast, falling iguanas

    With unexpectedly cold weather in the forecast and pandemic-related curfews in some places, Florida is about to have a Christmas unlike any other in recent memory, and it may involve falling iguanas. The National Weather Service earlier this week warned that South Florida could experience the coldest Christmas Day in 21 years. Morning lows on Saturday could drop into the low 30s and 40s degrees Fahrenheit, the weather service said.

  • Rand Paul Outlines $54 Billion in ‘Outlandish’ Government Waste in Annual Festivus Report

    Senator Rand Paul on Tuesday released his annual report outlining of billions of dollars in "truly outlandish" government waste.This year's "Festivus" waste report, a reference to the fictitious Seinfeld holiday's "airing of grievances," documented nearly $54,746,525,000 in money "totally wasted" by the government."Remember this the next time they tell you there’s 'nothing to cut,'" the Kentucky Republican wrote Wednesday in a Twitter thread highlighting parts of the report.Among Paul's instances of waste were several health studies, including more than $36 million spent on studying why stress makes hair turn gray, more than $1 million spent studying whether people will eat ground-up bugs, and more than $3 million spent interviewing San Franciscans about their edible cannabis use.As far as taxpayer dollars spent aiding other countries, $8.62 billion was spent in Afghanistan on counternarcotics efforts, more than $37 million was spent helping deal with truant Filipino youth, and more than $3 million was spent on sending Russians to American community colleges for a “gap year.”Among funds spent on the environment, energy, and scientific research, more than $1 million was spent walking lizards on a treadmill, nearly $200,000 was spent studying how people cooperate while playing e-sport video games, and more than $2 million on developing a wearable headset to track eating behaviors.The military had several particularly high expenditures this year that Paul listed as waste, including repurposing $1 billion in coronavirus response funds for unrelated acquisitions, more than $ 715 million in lost equipment designated for Syrians fighting ISIS, and $174 million on drones that were lost over Afghanistan.Other eyebrow-raising expenses included more than $4 million spent on spraying alcoholic rats with bobcat urine, more than $10 million spent on would-be coronavirus test tubes that turned up as used soda bottles, and nearly $6 million spent building three bicycle storage facilities at Washington, D.C. Metro stations.In 2020, "Congress spent as never before, doing so ostensibly without a care," the report reads. "Some of that is traceable to COVID-related spending, but a lot of it was not."

  • House GOP leader McCarthy reportedly nixes Pelosi’s attempt to pass $2,000 payments by unanimous consent

    In a private call with his fellow Republican lawmakers, House Minority Leader Kevin McCarthy (R-Calif.) said Wednesday that he won't sign off on House Speaker Nancy Pelosi's (D-Calif.) attempt to pass larger COVID-19 pandemic stimulus payments by unanimous consent, an anonymous source who participated in the call told Bloomberg. Politico confirmed the news, as well.> in other words, Republicans will not allow this https://t.co/8NVQH6jYzI> > — Jake Sherman (@JakeSherman) December 23, 2020President Trump said Tuesday that he wans individuals to receive $2,000 direct payments rather than the $600 allocated in Congress' recently-passed $900 billion coronavirus relief bill or else he may veto the package when it gets to his desk later in the week.In response, Pelosi suggested House and Senate Democrats were ready to pass the increase quickly, but it appears the GOP isn't on board. Read more at Bloomberg.More stories from theweek.com Two of Trump's pardons may set a precedent for letting the Trump campaign off the hook What would actually happen if Trump tried the 'martial law' idea? 7 cartoons about America's COVID Christmas

  • Saddam's deadly legacy: 40 years after war with Iran, border area is still littered with landmines

    At first glance, the Mawat district of north-east Iraq is a rustic idyll, a belt of rolling hills lined with olive and fruit groves. But on closer inspection - as many visitors have learned the hard way - it is full of hidden dangers. What looks like a Middle Eastern Tuscany was once on the frontline of Iraq's eight-year war with Iran, where Saddam Hussein's army planted vast quantities of land mines. Lurking in its gulleys and orchards are countless Russian and Italian anti-personnel devices - all still lethal. Today, despite nearly 30 years of mine clearance work, more than half remain - a glaring reminder of the scale of the so-called "legacy mine" threat in former warzones. "We get a lot of requests from mayors and villagers around here to clear the area," says Jabar Fatih Mahmoud, 49, an Iraqi employee of the Mines Advisory Group, the British charity, as he showed The Telegraph around a minefield listed on his clearance map as 'Kalka Shenka 2C'. "But this region is also popular with picnickers, and not everyone knows the mines are here." The minefields in Mawat and the surrounding governorate of Sulaymaniyah are a grim example of how such weapons are used not just for military purposes, but to actively punish civilian populations.

  • Aides fear what Trump will do next as his behavior proves to be erratic after the election

    With four weeks left in President Trump’s term, he is at perhaps his most unleashed — and, as events of the past few days have demonstrated, at the most unpredictable point in his presidency.

  • Iran says U.S. approved its funds transfer to buy COVID vaccines

    DUBAI (Reuters) -Iran has won U.S. approval to transfer funds for coronavirus vaccines from overseas, the central bank chief said on Thursday, as its daily death toll fell to a three-month low. Central Bank governor Abdolnaser Hemmati said an Iranian bank had received backing from the U.S. Treasury's Office of Foreign Assets Control to transfer the money to a Swiss bank to pay for the vaccines. There was no immediate U.S. reaction to Hemmati's remarks.

  • Alleged kidnapper and killer of nine-year-old girl charged 32 years after she disappeared

    The district attorney says the police never stopped looking for Michaela Garecht who was kidnapped in 1988

  • Woman charged in Michigan election threats

    Federal prosecutors have charged a woman accused of sending threatening texts and the photo of a dead body to a Michigan Republican official who initially refused to certify local election results in favor of Joe Biden. (Dec. 23)