Earnings Calendar (08Jul24) - Delta airlines, is it worth it?
Earnings Calendar (08Jul24)
Q3/2024 starts and a few earnings are coming in the coming week.
For the coming week, some of the earnings of interest would be for Citibank, Delta, Pepsico and Wells Fargo.
Let us look into Delta Airlines in detail.
From the 1 year trend, Delta’s stock price has fallen 3.88% from a year ago. Technical points to a “strong sell rating”. The stock price has been falling since its recent peak in May 2024.
Observations:
Revenue grew from $40.3B in 2014 to $58B in 2023.
Operating profits grew from $2.9B in 2014 to $5.2B in 2023.
EPS has improved from $0.78 (2014) to $7.17B (2023)
Good growth and health profits could be seen.
A P/E of 5.9 makes the stock “attractive” but I am the 3.5% FCF is of concern (with a -5.4% 10-year CAGR)
For the coming earnings on 11 July 2024, its EPS and Revenue forecast are $2.36 and $15.47B respectively. This marks a strong improvement from the previous earnings.
Personally, I would prefer to monitor Delta more before investing in the company.
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- huuou·07-09TOPWorth the wait? [Thinking]1Report