Delta Air Lines, Inc. DAL is scheduled to announce its second quarter financial results on Wednesday before the market opens. It is expected to deliver at least 17 percent in year-over-year earnings growth.
Delta’s earnings respond to a cyclical pattern: earnings hit a bottom in each year’s first quarter, and peak in the third quarter. Projections for the current quarter stand above last quarter’s results. In addition, they also stand above results reported in the second quarter of 2014, when earnings came in at $1.04 per share on revenue of $10.621 billion.
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For the second quarter of 2015, the Street is modeling consensus earnings of $1.22 per share, up 17.3 percent year-over-year, on sales of $10.642 billion. The crowd is more bullish, and anticipates earnings of $1.27 per share on revenue of $10.716 billion.
Analyst Opinion
In a recent article, Zacks analysts also previewed Delta’s second quarter results, which they expect to come in ahead of consensus estimates. Among the main earnings growth drivers are weak oil prices, which largely impact on the airline’s operating expenses.
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