Stock Movers: Delta Rises, Estee Lauder Gains, Conagra Falls on Profit Outlook

Delta Air Lines Reinstates Earnings Guidance

• ✈️ Delta (DAL) shares surged over 13%, reaching a four-month high after restoring its full-year earnings guidance.
• 🎯 The company now expects full-year adjusted EPS between $5.25 to $6.25 for 2025, exceeding the Bloomberg consensus estimate of $5.35.
• 💡 Analysts from City noted solid performance driven by premium cabin revenue, while TD Cowan cautioned that Delta's success may not be directly transferable to other carriers without similar diverse revenue streams.

Estee Lauder Receives Analyst Upgrade

• 💄 Estee Lauder (EL) stock climbed over 5% following Bank of America Global Research reinstating coverage with a Buy rating and a $110 price target.
• 📈 This upgrade, along with a previous Buy rating from HSBC, suggests the end of a downgrade cycle for the company.
• 🇨🇳 Encouraging consumer signs in China, a key market for Estee Lauder, are also contributing to the positive outlook.
• 🗓️ The company is scheduled to report its earnings on August 20th.

Conagra Falls on Disappointing Profit Outlook

• 📉 Conagra (CAG) shares dropped approximately 3%, hitting their lowest point since 2012 due to a disappointing profit forecast.
• 📊 The company projected adjusted earnings of up to $1.85 per share, significantly below Wall Street's estimate of $2.19 per share.
• ⚠️ Conagra cited rising costs from US tariffs and cost-conscious consumers wary of inflation and volatility as key challenges.
• 📉 Barclays noted that the guidance missed even modest expectations, highlighting the company's struggles.