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APRIL 27TH, BENSENVILLE, IL: A Delta Air Lines jet’s tail is seen over Bensenville, Illinois, as it prepares to land at O’Hare International Airport in Chicago on April 27, 2004. Delta is commemorating 75 years of passenger flight service. (Photo courtesy of Getty Images/Tim Boyle)
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Delta Airlines Inc. is expected to disclose profits before the market opens on Wednesday. In 2019, the stock reached a high of $63.44 per share and is now trading near $41. After results, the stock is prone to significant movements and can easily gap up if the numbers are strong. In the event that the numbers fall short of expectations, the stock may easily gap down. Here’s what the Street is anticipating to help you prepare:

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Earnings Estimates: On $6.32 billion in revenue, the business is predicted to generate a loss of ($1.37) per share. In the meantime, the so-called Whisper number is down ($1.28) per share. The Whisper figure is an unofficial estimate of earnings from Wall Street.

MarketSmith Incorporated provided the charts.
MarketSmith Incorporated provided the charts.
Taking A Closer Look At The Basics:
As individuals begin to fly again, the airline industry as a whole has made a wonderful comeback. Delta is a market leader, and the corporation continues to deftly navigate an otherwise volatile environment. Hopefully, as things return to “normal,” more people will travel again, and Covid-19 will fade into the background. It will be smooth flying once business travel returns to “normal.” There may yet be some bumps in the road till then.
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A More In-Depth Look At The Technicals:
Before the Covid-19 lockout, the stock was trading in the low $60s, and it is now trading in the low $40s. It has more than doubled from the Covid-19 low, but it still has a ways to go before setting a new high. Technically, the stock is trading at the 200 DMA, and bulls are hoping for a rally from here.
Keep an eye on how the stock reacts to news:
The most essential quality I look for during earnings season, from my vantage point, is how the market and a certain firm react to the news. Always remember to limit your losses and never dispute with the tape./nRead More

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