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What to Expect from Delta's 1Q17 Earnings

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What to Expect from Delta's 1Q17 Earnings PART 1 OF 7

The Majority of Analysts Are Still Positive on Delta

Analyst recommendations

According to the Reuters consensus, 87.5% of analysts tracking Delta Air Lines (DAL) have a “buy” recommendation on the stock. Half of them have a “strong buy” recommendation, while the other half have a “buy” recommendation. Only two, or 12.5%, of the analysts tracking DAL, have a “hold” recommendation on the stock.

The Majority of Analysts Are Still Positive on Delta

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Most analysts included in the Reuters consensus have maintained their “buy” recommendations for the current quarter. Some analysts have also upgraded their ratings on the stock. Evercore ISI upgraded the stock to an “outperform” rating. Bernstein, which had started coverage in 4Q16 with a “market perform” rating, has also upgraded the stock to an “outperform” rating. Most analysts have increased their target prices.

It’s important to be aware of analyst recommendations, as they can significantly affect the company’s stock price. Changes to a popular analyst’s view can cause a significant short-term movement in the stock price.

Target price

The stock’s consensus 12-month target price is $60.7, up from a target price of $59.1 after the 4Q16 results. This target indicates a 34% return potential from the April 6, 2017, closing price of $45.3. The highest target price for Delta Air Lines stock is $67, and the lowest target price is $48.

Series overview

Delta Air Lines (DAL) is expected to announce its 1Q17 earnings on April 12, 2017. In the following series, we’ll look at what investors can expect for 1Q17 and more importantly for the full year 2017. We’ll also discuss key indicators that investors should look out for.

The PowerShares Dynamic Leisure & Entertainment ETF (PEJ) invests ~5.0% of its portfolio in Southwest Airlines (LUV), ~5.0% in United Continental Holdings (UAL), 4.6% in Delta Air Lines (DAL) and American Airlines (AAL), and 2.8% in JetBlue Airways (JBLU).

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