Today, Delta Air Lines, Inc. (NYSE: DAL) shared its financial results for the third quarter. The report was released before the start of trading hours.
According to the third quarter report, the firm revealed that it sustained an adjusted income of $1.5 per share, while its total revenues for the same three-month period amounted to $15.68 billion.
The figures got better of the wall street estimated revenue $14673.64 million, yet failed to meet the expected $1.52 profit per share.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q3 2024 | $1.50 | -26.1% | 15.68 B | +1.2% |
| Historical Earnings Insight | ||||
| Q2 2024 | $2.36 | -11.9% | 16.66 B | +14.0% |
| Q1 2024 | $0.45 | +80.0% | 13.75 B | +7.8% |
| Q4 2023 | $1.28 | -13.5% | 14.22 B | +5.9% |
| Q3 2023 | $2.03 | +34.4% | 15.49 B | +10.8% |
| Q2 2023 | $2.68 | +86.1% | 15.58 B | +26.5% |
| *Growth on year-over-year basis | ||||
Comparing to the same quarter of prior year the earnings per share down 26.11 percent, besides revenues climbed 1.22 percent.
When forecasting financials, the firm has outlined Q4 2024 revenue objective to be between $14.51 and $14.79 billion, while they count on reaching earnings to be between $1.60 and $1.85 per share for the same period.
Conversely analysts on Wall Street anticipate earnings of $1.69 per share from revenues of $14.22 billion
| Period | Type | Company Outlook |
Analysts Estimate |
Company Vs.* Analysts |
|---|---|---|---|---|
| Q4 2024 | EPS | $1.60~$1.85 | $1.69 | 2.4% |
| REV | $14.51 B~$14.79 B | $14.22 B | 3% | |
| *Based on mid-point | ||||
Delta Air Lines (DAL) shares traded as low as $50.62 and as high as $51.88 on a day volume of 9.64 million shares, closed Wednesday's regular trading session at $50.98, an increase of 0.71 percent.
