Earnings Preview: Delta Air Lines Reports Results Wednesday

| About: Delta Air (DAL)

Delta Air Lines (NYSE:DAL) is nearing the of release last fiscal quarter's results before the opening bell on April 25, 2012. We can review how Delta Air Lines has executed for investors recently.

Who They Are:

Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates at airports in Amsterdam, Atlanta, Cincinnati, Detroit, Memphis, and more. The company was founded in 1924 and is headquartered in Atlanta, Georgia. Delta Air Lines trades an average of 11.6 million shares per day, and has a market cap of $9.1 Billion.

Book Value: $-1.65
Float Short: 0.94%

What To Expect:

On average, 11 Analysts are expecting a drop of $-0.50 in earnings per share compared to last quarter's results of $0.45. Investors will be looking to top $-0.05 per share based on the estimated mean earnings.
Currently, $-0.15 on the low end and $0.00 per share on the high side is what market participants are anticipating in the report.

Recent Stock and Valuation Performance:

The P/E ratio has trended lower, as the current trailing twelve months P/E ratio is 7.7, while the forward P/E ratio is now 4.62. An upside earnings report may provide greater wind in the sails. From a month ago, the stock has increased in price 11.75%, with a one year change of 18.78%. With a double digit gain compared to stocks in general, the stock shares did very well as compared to the overall stock market. When comparing to the S&P 500, the year up to date change is 21.22%. The short interest is relatively low at 0.94%.

Here are the last few quarters to get an idea how well they perform compared to estimates:

Reported earnings per share compared to the mean estimate. Differences are rounded.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Disclaimer: Robert Weinstein uses information believed to be correct, but is not guaranteed and is not independently checked for accuracy You may wish to use this article as a starting point of your own research with your financial planner.

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Tagged: , Major Airlines, Earnings
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