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Alaska Air Group (ALK) Declines More Than Market: Some Information for Investors
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Alaska Air Group (ALK - Free Report) ended the recent trading session at $40.71, demonstrating a -1.09% change from the preceding day's closing price. This change lagged the S&P 500's 0.48% loss on the day. Meanwhile, the Dow lost 0.29%, and the Nasdaq, a tech-heavy index, lost 0.56%.
The airline's shares have seen a decrease of 10.44% over the last month, not keeping up with the Transportation sector's loss of 4.47% and the S&P 500's loss of 0.82%.
The investment community will be closely monitoring the performance of Alaska Air Group in its forthcoming earnings report. The company's upcoming EPS is projected at $0.48, signifying a 54.29% drop compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $4.32 billion, up 14.65% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of -$1.74 per share and a revenue of $15.85 billion, demonstrating changes of -171.31% and +11.28%, respectively, from the preceding 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. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 94.26% lower. As of now, Alaska Air Group holds a Zacks Rank of #3 (Hold).
The Transportation - Airline industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 216, positioning it in the bottom 13% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.
View the Zacks #1 Rank List
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Alaska Air Group (ALK) Declines More Than Market: Some Information for Investors
Alaska Air Group (ALK - Free Report) ended the recent trading session at $40.71, demonstrating a -1.09% change from the preceding day's closing price. This change lagged the S&P 500's 0.48% loss on the day. Meanwhile, the Dow lost 0.29%, and the Nasdaq, a tech-heavy index, lost 0.56%.
The airline's shares have seen a decrease of 10.44% over the last month, not keeping up with the Transportation sector's loss of 4.47% and the S&P 500's loss of 0.82%.
The investment community will be closely monitoring the performance of Alaska Air Group in its forthcoming earnings report. The company's upcoming EPS is projected at $0.48, signifying a 54.29% drop compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $4.32 billion, up 14.65% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of -$1.74 per share and a revenue of $15.85 billion, demonstrating changes of -171.31% and +11.28%, respectively, from the preceding 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. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 94.26% lower. As of now, Alaska Air Group holds a Zacks Rank of #3 (Hold).
The Transportation - Airline industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 216, positioning it in the bottom 13% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.