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Alaska Air (ALK) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended March 2023, Alaska Air Group (ALK - Free Report) reported revenue of $2.2 billion, up 30.6% over the same period last year. EPS came in at -$0.62, compared to -$1.33 in the year-ago quarter.
The reported revenue represents a surprise of -0.29% over the Zacks Consensus Estimate of $2.2 billion. With the consensus EPS estimate being -$0.48, the EPS surprise was -29.17%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Alaska Air performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Passenger Load Factor: 79.9% compared to the 82.51% average estimate based on five analysts.
Operating expenses per ASM: 15.17 cents versus 14.71 cents estimated by four analysts on average.
Available seat miles (ASM): 15705 million compared to the 15498.41 million average estimate based on four analysts.
Revenue passenger miles (RPM): 12554 million compared to the 12869.97 million average estimate based on four analysts.
Economic fuel cost per gallon: $3.41 compared to the $3.34 average estimate based on four analysts.
Operating expenses per ASM, excluding fuel and special items: 10.53 cents compared to the 10.44 cents average estimate based on four analysts.
Total revenue per ASM (RASM): 13.98 cents versus the four-analyst average estimate of 14.21 cents.
Fuel Expenses: $665 million versus $632.46 million estimated by three analysts on average.
Passenger Yield: 15.8 cents versus the three-analyst average estimate of 15.9 cents.
Revenue- Passenger: $1.98 billion compared to the $2.01 billion average estimate based on five analysts. The reported number represents a change of +31.3% year over year.
Revenue- Mileage Plan other: $154 million compared to the $149.88 million average estimate based on four analysts. The reported number represents a change of +37.5% year over year.
Revenue- Cargo and other: $58 million compared to the $57.96 million average estimate based on four analysts. The reported number represents a change of 0% year over year.
Shares of Alaska Air have returned +10.8% over the past month versus the Zacks S&P 500 composite's +6.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Alaska Air (ALK) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended March 2023, Alaska Air Group (ALK - Free Report) reported revenue of $2.2 billion, up 30.6% over the same period last year. EPS came in at -$0.62, compared to -$1.33 in the year-ago quarter.
The reported revenue represents a surprise of -0.29% over the Zacks Consensus Estimate of $2.2 billion. With the consensus EPS estimate being -$0.48, the EPS surprise was -29.17%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Alaska Air performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Passenger Load Factor: 79.9% compared to the 82.51% average estimate based on five analysts.
- Operating expenses per ASM: 15.17 cents versus 14.71 cents estimated by four analysts on average.
- Available seat miles (ASM): 15705 million compared to the 15498.41 million average estimate based on four analysts.
- Revenue passenger miles (RPM): 12554 million compared to the 12869.97 million average estimate based on four analysts.
- Economic fuel cost per gallon: $3.41 compared to the $3.34 average estimate based on four analysts.
- Operating expenses per ASM, excluding fuel and special items: 10.53 cents compared to the 10.44 cents average estimate based on four analysts.
- Total revenue per ASM (RASM): 13.98 cents versus the four-analyst average estimate of 14.21 cents.
- Fuel Expenses: $665 million versus $632.46 million estimated by three analysts on average.
- Passenger Yield: 15.8 cents versus the three-analyst average estimate of 15.9 cents.
- Revenue- Passenger: $1.98 billion compared to the $2.01 billion average estimate based on five analysts. The reported number represents a change of +31.3% year over year.
- Revenue- Mileage Plan other: $154 million compared to the $149.88 million average estimate based on four analysts. The reported number represents a change of +37.5% year over year.
- Revenue- Cargo and other: $58 million compared to the $57.96 million average estimate based on four analysts. The reported number represents a change of 0% year over year.
View all Key Company Metrics for Alaska Air here>>>Shares of Alaska Air have returned +10.8% over the past month versus the Zacks S&P 500 composite's +6.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.