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Alaska Air Group (ALK) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, Alaska Air Group (ALK - Free Report) closed at $37.65, marking a +2.37% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.72%. Meanwhile, the Dow experienced a rise of 0.48%, and the technology-dominated Nasdaq saw an increase of 1.16%.
The airline's stock has dropped by 26.07% in the past month, falling short of the Transportation sector's loss of 8.63% and the S&P 500's loss of 4.99%.
Analysts and investors alike will be keeping a close eye on the performance of Alaska Air Group in its upcoming earnings disclosure. On that day, Alaska Air Group is projected to report earnings of -$0.86 per share, which would represent a year-over-year decline of 11.69%. Alongside, our most recent consensus estimate is anticipating revenue of $3.3 billion, indicating a 5.05% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.73 per share and a revenue of $15.5 billion, signifying shifts of +93.85% and +8.89%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Alaska Air Group. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 13.97% lower. Alaska Air Group currently has a Zacks Rank of #3 (Hold).
Looking at valuation, Alaska Air Group is presently trading at a Forward P/E ratio of 7.78. This expresses a discount compared to the average Forward P/E of 8.13 of its industry.
Investors should also note that ALK has a PEG ratio of 0.38 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Transportation - Airline stocks are, on average, holding a PEG ratio of 0.43 based on yesterday's closing prices.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 99, putting it in the top 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Alaska Air Group (ALK) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Alaska Air Group (ALK - Free Report) closed at $37.65, marking a +2.37% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.72%. Meanwhile, the Dow experienced a rise of 0.48%, and the technology-dominated Nasdaq saw an increase of 1.16%.
The airline's stock has dropped by 26.07% in the past month, falling short of the Transportation sector's loss of 8.63% and the S&P 500's loss of 4.99%.
Analysts and investors alike will be keeping a close eye on the performance of Alaska Air Group in its upcoming earnings disclosure. On that day, Alaska Air Group is projected to report earnings of -$0.86 per share, which would represent a year-over-year decline of 11.69%. Alongside, our most recent consensus estimate is anticipating revenue of $3.3 billion, indicating a 5.05% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.73 per share and a revenue of $15.5 billion, signifying shifts of +93.85% and +8.89%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Alaska Air Group. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 13.97% lower. Alaska Air Group currently has a Zacks Rank of #3 (Hold).
Looking at valuation, Alaska Air Group is presently trading at a Forward P/E ratio of 7.78. This expresses a discount compared to the average Forward P/E of 8.13 of its industry.
Investors should also note that ALK has a PEG ratio of 0.38 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Transportation - Airline stocks are, on average, holding a PEG ratio of 0.43 based on yesterday's closing prices.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 99, putting it in the top 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.