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Alaska Air Group (ALK) Suffers a Larger Drop Than the General Market: Key Insights
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In the latest trading session, Alaska Air Group (ALK - Free Report) closed at $41.68, marking a -7.64% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 1.62% for the day. Elsewhere, the Dow lost 1.87%, while the tech-heavy Nasdaq lost 1.98%.
Shares of the airline have appreciated by 16.52% over the course of the past month, outperforming the Transportation sector's gain of 3.78%, and the S&P 500's loss of 0.03%.
Market participants will be closely following the financial results of Alaska Air Group in its upcoming release. The company is expected to report EPS of -$0.87, down 148.88% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.1 billion, up 10.64% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$1.01 per share and revenue of $15.84 billion, indicating changes of -141.39% and +11.22%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications 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 demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 6.6% fall in the Zacks Consensus EPS estimate. Alaska Air Group currently has a Zacks Rank of #3 (Hold).
The Transportation - Airline industry is part of the Transportation sector. With its current Zacks Industry Rank of 205, this industry ranks in the bottom 16% of all industries, numbering over 250.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Alaska Air Group (ALK) Suffers a Larger Drop Than the General Market: Key Insights
In the latest trading session, Alaska Air Group (ALK - Free Report) closed at $41.68, marking a -7.64% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 1.62% for the day. Elsewhere, the Dow lost 1.87%, while the tech-heavy Nasdaq lost 1.98%.
Shares of the airline have appreciated by 16.52% over the course of the past month, outperforming the Transportation sector's gain of 3.78%, and the S&P 500's loss of 0.03%.
Market participants will be closely following the financial results of Alaska Air Group in its upcoming release. The company is expected to report EPS of -$0.87, down 148.88% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.1 billion, up 10.64% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$1.01 per share and revenue of $15.84 billion, indicating changes of -141.39% and +11.22%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications 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 demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 6.6% fall in the Zacks Consensus EPS estimate. Alaska Air Group currently has a Zacks Rank of #3 (Hold).
The Transportation - Airline industry is part of the Transportation sector. With its current Zacks Industry Rank of 205, this industry ranks in the bottom 16% of all industries, numbering over 250.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.