Delta Air Lines Inc reports results for the quarter ended March 31 - Earnings Summary

• Delta Air Lines Inc DAL.N reported quarterly adjusted earnings of 46 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 45 cents. The mean expectation of eighteen analysts for the quarter was for earnings of 38 cents per share. Wall Street expected results to range from 30 cents to 45 cents per share.

• Revenue rose 3.3% to $12.98 billion from a year ago; analysts expected $12.98 billion.

• Delta Air Lines Inc's reported EPS for the quarter was 37 cents​.

• The company reported quarterly net income of $240 million.

• Delta Air Lines Inc shares had fallen by 17.7% this quarter and lost 40.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 49.8% in the last three months.​

• In the last 30 days, fifteen analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the airlines peer group is also "buy"

• Wall Street's median 12-month price target for Delta Air Lines Inc is $58.00

This summary was machine generated from LSEG data April 9 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)