Delta Air Lines Inc reports results for the quarter ended June 30 - Earnings Summary

• Delta Air Lines Inc DAL reported quarterly adjusted earnings of $2.10​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $2.36. The mean expectation of eighteen analysts for the quarter was for earnings of $2.05 per share. Wall Street expected results to range from $1.83 to $2.30 per share.

• Revenue rose 0.6% to $15.51 billion from a year ago; analysts expected $15.48 billion.

• Delta Air Lines Inc's reported EPS for the quarter was $3.27​.

• The company reported quarterly net income of $2.13 billion.

• Delta Air Lines Inc shares had risen by 3.1% this quarter and lost 16.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.7% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy," 3 "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 $60.00, about 15.5% above its last closing price of $50.70

This summary was machine generated from LSEG data July 10 at 01:31 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)