Delta Air Lines’ (DAL) Q4 earnings are expected to be $1.16 per share, close to the midpoint of the company’s outlook of $1.05 to $1.30, BofA Securities said Monday in a note.
The company is set to release results on Friday.
For Q1, BofA expects Delta’s EPS to be $0.57, higher than the consensus of $0.33.
For full-year 2024, BofA increased its EPS forecast for Delta to $6.26 from its previous projection of $6.09 as the firm now expects 2024 fuel cost per gallon to be $2.61 “given lower fuel costs over the last six weeks of 2023.”
BofA reiterated Delta’s buy rating and $50 price objective.