Delta Air Lines, Inc. Third Quarter Earnings Sneak Peek

Delta Air Lines, Inc. (NYSE:DAL) will unveil its latest earnings on Monday, October 17, 2011. Delta Air Lines operates as an airline, providing scheduled air transportation for passengers and cargo throughout the United States and around the world.

Delta Air Lines, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 88 cents per share, a decline of 20% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1. Between one and three months ago, the average estimate moved down. It has risen from 72 cents during the last month. For the year, analysts are projecting net income of $1.03 per share, a decline of 39.8% from last year.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the second quarter, it reported profit of 43 cents per share against a mean estimate of 44 cents. Two quarters ago, it beat expectations by 12 cents with net loss of 38 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 8% in revenue from the year-earlier quarter to $9.67 billion.

Analyst Ratings: Analysts are bullish on this stock with 12 analysts rating it as a buy, none rating it as a sell and none rating it as a hold.

A Look Back: In the second quarter, profit fell 57.6% to $198 million (23 cents a share) from $467 million (55 cents a share) the year earlier, missing analyst expectations. Revenue rose 12.1% to $9.15 billion from $8.17 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 14.5%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 18.2% from the year earlier quarter.

Competitors to Watch: AMR Corporation (NYSE:AMR), United Continental Hldgs., Inc. (NYSE:UAL), Alaska Air Group, Inc. (NYSE:ALK), US Airways Group, Inc. (NYSE:LCC), Southwest Airlines Co. (NYSE:LUV), JetBlue Airways Corp. (NASDAQ:JBLU), AirTran Holdings, Inc. (NYSE:AAI), Hawaiian Holdings, Inc. (NASDAQ:HA), SkyWest, Inc. (NASDAQ:SKYW), and Air France – KLM (AFLYY).

Stock Price Performance: During August 15, 2011 to October 11, 2011, the stock price had risen 89 cents (12.2%) from $7.32 to $8.21. The stock price saw one of its best stretches over the last year between October 3, 2011 and October 11, 2011 when shares rose for seven-straight days, rising 23.5% (+$1.56) over that span. It saw one of its worst periods between April 12, 2011 and April 25, 2011 when shares fell for nine-straight days, falling 9.1% (-90 cents) over that span. Shares are down $4.39 (-34.8%) year to date.

(Source: Xignite Financials)

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