AMSTERDAM SCHIPHOL AIRPORT, AMSTERDAM, NETHERLANDS – 2019/12/31: Delta Air Lines Boeing 767 aircraft … [+]
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Delta Air Lines Inc. is scheduled to release earnings before Tuesday’s open. The stock hit a record high of $63.44/share in 2019 and is currently trading near $59/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:
Delta Air Lines is expected to report $1.40/share on $11.34 billion in revenue. Meanwhile, the so-called Whisper number is $1.44. The Whisper number is the Street’s unofficial view on earnings.
Company Profile & Various Businesses:
Here is a brief company profile courtesy of Reuters.
Delta Air Lines, Inc., incorporated on March 16, 1967, provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St. Paul, New York-LaGuardia, New York- John F Kennedy International Airport, Paris-Charles de Gaulle, Salt Lake City, Seattle and Tokyo-Narita. Each of these operations includes flights that gather and distribute traffic from markets in the geographic region surrounding the hub or gateway to domestic and international cities and to other hubs or gateways. The Company’s route network includes its international joint ventures, its alliances with other foreign airlines, its membership in SkyTeam and agreements with multiple domestic regional carriers that operate as Delta Connection. Its subsidiaries include Monroe Energy, LLC and MIPC, LLC (collectively Monroe).
The Company competes with just about every major airline in the world including, but not limited to, American Airlines, United Airlines, Alaska Airlines, JetBlue Airways, Southwest Airlines, Spirit Airlines, Allegiant Air, Emirates, Etihad Airways, Qatar Airways, Lufthansa German Airlines, Air Canada, British Airways, All Nippon Airways, Japan Air Lines, Iberia and Qantas.
Pay Attention To How The Stock Reacts To The News:
From where I sit, the most important trait I look for during earnings season is how the market and a specific company reacts to the news. Remember, always keep your losses small and never argue with the tape.