Delta Air Lines will report its third-quarter results this Friday before market open, with the market expecting revenue to grow 16.2% year on year. That would improve on the 6.4% increase Delta recorded in the same quarter last year. Last quarter, Delta beat analysts' revenue expectations with revenues of $19.76 billion, up 18.7% year on year, and also beat analysts' EPS estimates while its full-year EPS guidance exceeded expectations. The airline reported 66.77 billion revenue passenger miles, flat year on year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Among Delta's peers in the consumer discretionary segment, Carnival delivered year-on-year revenue growth of 3.5%, beating analysts' expectations by 1.1%, and Levi's reported revenues up 4.3%, in line with consensus estimates, with Carnival trading up 10.8% following its results. Delta is up 5.3% over the last month and is heading into earnings with an average analyst price target of $101.27, compared to the current share price of $83.16.
Carnival Corporation
Levi Strauss & Co Class ADelta Air Lines IncDelta is set to report Q3 results Friday with revenue expected to grow 16.2% year on year, improving on last year's 6.4%.
