für Anleger. Delta Air stock is dirt cheap. Doubling opportunity for investors.

Last Updated: 31. Januar 2024By

Delta Air Lines is one of the largest airlines in passenger and freight traffic, and is also one of the leading transatlantic airlines in the world. A few days ago, the company reported their numbers for the first quarter. The stock has not yet been raised, but analysts have a clear opinion.

Exceeded analyst expectations In the fourth quarter, the airline recorded earnings per share of $1.28, compared to $1.48 in the previous year. Analysts had expected $1.16. Revenue for the quarter was $14.22 billion, compared to $13.43 billion in the previous year. Analysts had predicted $13.8 billion.

Positive forecast for the first quarter For the first quarter, the company expected earnings per share of $0.25 to $0.50 and revenue growth of 3% to 6%. Analysts are expecting an adjusted earnings per share of $0.38 with revenue of $12.44 billion.

Up to 40 new wide-body aircraft Delta Air Lines has announced an order for up to 40 new wide-body aircraft of the Airbus A350-1000 type. The delivery of the first 20 jets is scheduled to begin in 2026.

Analysts agree: 94% potential for growth Conclusion: The airline’s stock is moving in a new upward trend in November. However, since the beginning of the year, it has not yet taken off. Analysts are convinced that the stock can really take off. 22 out of 23 analysts recommend buying, and one recommends holding. Not a single analyst recommends selling. The average analyst price target is $53, with the highest at $77. A look at the valuation shows that with a P/E ratio of 6.1 based on earnings estimates for this year, the airline’s stock is very cheap.

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