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Alaska Air Group (ALK) Ascends While Market Falls: Some Facts to Note
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In the latest trading session, Alaska Air Group (ALK - Free Report) closed at $53.86, marking a +1.07% move from the previous day. This change outpaced the S&P 500's 0.05% loss on the day. Meanwhile, the Dow lost 0.09%, and the Nasdaq, a tech-heavy index, lost 0.24%.
Heading into today, shares of the airline had gained 14.38% over the past month, outpacing the Transportation sector's gain of 5.43% and the S&P 500's loss of 1.42%.
Analysts and investors alike will be keeping a close eye on the performance of Alaska Air Group in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.93, marking a 152.25% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $4.1 billion, up 10.64% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.72 per share and revenue of $15.84 billion, which would represent changes of -129.51% and +11.22%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Alaska Air Group. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Within the past 30 days, our consensus EPS projection has moved 30.54% higher. Alaska Air Group currently has a Zacks Rank of #3 (Hold).
The Transportation - Airline industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 210, finds itself in the bottom 14% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Alaska Air Group (ALK) Ascends While Market Falls: Some Facts to Note
In the latest trading session, Alaska Air Group (ALK - Free Report) closed at $53.86, marking a +1.07% move from the previous day. This change outpaced the S&P 500's 0.05% loss on the day. Meanwhile, the Dow lost 0.09%, and the Nasdaq, a tech-heavy index, lost 0.24%.
Heading into today, shares of the airline had gained 14.38% over the past month, outpacing the Transportation sector's gain of 5.43% and the S&P 500's loss of 1.42%.
Analysts and investors alike will be keeping a close eye on the performance of Alaska Air Group in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.93, marking a 152.25% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $4.1 billion, up 10.64% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.72 per share and revenue of $15.84 billion, which would represent changes of -129.51% and +11.22%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Alaska Air Group. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Within the past 30 days, our consensus EPS projection has moved 30.54% higher. Alaska Air Group currently has a Zacks Rank of #3 (Hold).
The Transportation - Airline industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 210, finds itself in the bottom 14% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.