Delta Air Lines Likely To Report Higher Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Delta Air Lines, Inc. DAL is expected to release financial results for its third quarter, before the opening bell on Oct. 12, 2023.

Analysts expect the company to post quarterly earnings at $1.94 per share, up from year-ago earnings of $1.51 per share. The company’s revenue might come in at $14.54 billion, compared to $12.87 billion in the year-ago period.

Delta Air Lines shares gained 1.6% to close at $35.83 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Raymond James analyst Savanthi Syth maintained a Strong Buy rating and cut the price target from $58 to $54 on Oct. 5, 2023. This analyst has an accuracy rate of 72%.
• Bernstein analyst David Vernon maintained an Outperform rating and lowered the price target from $62 to $61 on Sept. 26, 2023. This analyst has an accuracy rate of 62%.
• Citigroup analyst Jon Tower maintained a Buy rating and slashed the price target from $67 to $64 on Sept. 18, 2023. This analyst has an accuracy rate of 70%.
• Evercore ISI Group analyst Duane Pfennigwerth maintained an Outperform rating and raised the price target from $55 to $60 on July 14, 2023. This analyst has an accuracy rate of 77%.
• Deutsche Bank analyst Michael Linenberg maintained a Buy rating and increased the price target from $47 to $58 on June 28, 2023. This analyst has an accuracy rate of 72%.

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