Delta Air Lines Stock Tumbles After Earnings

DAL still carries a more than 20% year-to-date deficit

Deputy Editor
Jul 13, 2022 at 9:28 AM
facebook X logo linkedin

Delta Air Lines, Inc. (NYSE:DAL) is down 6.1% at $29.20 ahead of the opening bell, after reporting second-quarter earnings of $1.44 -- well below the $1.73 consensus estimate. Though the airliner's revenue beat forecasts thanks to increased travel demand, margins were dented by higher fuel and operational costs.  

On the charts, today's negative price action puts the equity back below the 20-day moving average after its breakout above it last session -- a trendline that has helped pressure the shares lower since early June. Coming into today, Delta Air Lines stock already sported a 20.5% year-to-date deficit. 

Analysts have yet to weigh in on the results, but the majority in coverage are incredibly bullish coming into today. Specifically, 13 of 14 brokerages rated DAL a "strong buy," while just one said "hold." What's more, the 12-month consensus price target of $51.07 is a 74.9% premium to last night's close.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI