Delta Air Lines (DAL) Declines More Than Market: Some Information for Investors

Delta Air Lines closed at $78.96, down 1.51% and underperforming the S&P 500's 0.58% loss. The stock has declined 10.13% over the past month, significantly lagging the Transportation sector. While earnings are projected to grow 18.71% YoY to $2.03 EPS, analyst estimates have been revised downward by 4.7% over the past month. DAL carries a Zacks Rank of #3 (Hold) and trades at a Forward P/E of 12.87, above its industry average of 11.24.