Delta Air Lines Inc.’s quarterly earnings beat on Friday is fueling hope that other major U.S. air carriers will surprise Wall Street with better-than-expected profit snapshot in the next few days.
Delta DAL early Friday reported “impressive” fourth-quarter results, with analysts pinning the post-results stock weakness on the rallies in previous sessions and calling the drop a buying opportunity. American Airlines, which earlier this week surprised Wall Street with better-than-expected guidance, is slated to report its fourth-quarter earnings before the bell on Jan. 26.
The analysts surveyed by FactSet see United reporting adjusted earnings of $2.11 a share on sales of $12.2 billion. United could surprise Wall Street by reporting a “strong” EPS guidance for the year, BofA analyst Andrew Didora said in a recent note.