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Alaska Air Group (ALK) Falls More Steeply Than Broader Market: What Investors Need to Know
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Alaska Air Group (ALK - Free Report) closed at $39.70 in the latest trading session, marking a -5.27% move from the prior day. This move lagged the S&P 500's daily loss of 0.76%. Elsewhere, the Dow lost 0.68%, while the tech-heavy Nasdaq lost 1.13%.
Coming into today, shares of the airline had lost 3.28% in the past month. In that same time, the Transportation sector lost 6.27%, while the S&P 500 gained 1.26%.
The investment community will be paying close attention to the earnings performance of Alaska Air Group in its upcoming release. The company's upcoming EPS is projected at $0.48, signifying a 54.29% drop compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $4.32 billion, reflecting a 14.65% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$1.74 per share and a revenue of $15.85 billion, representing changes of -171.31% and +11.28%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Alaska Air Group. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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 capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 42.48% lower. Right now, Alaska Air Group possesses a Zacks Rank of #3 (Hold).
The Transportation - Airline industry is part of the Transportation sector. With its current Zacks Industry Rank of 226, this industry ranks in the bottom 9% of all industries, numbering over 250.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Alaska Air Group (ALK) Falls More Steeply Than Broader Market: What Investors Need to Know
Alaska Air Group (ALK - Free Report) closed at $39.70 in the latest trading session, marking a -5.27% move from the prior day. This move lagged the S&P 500's daily loss of 0.76%. Elsewhere, the Dow lost 0.68%, while the tech-heavy Nasdaq lost 1.13%.
Coming into today, shares of the airline had lost 3.28% in the past month. In that same time, the Transportation sector lost 6.27%, while the S&P 500 gained 1.26%.
The investment community will be paying close attention to the earnings performance of Alaska Air Group in its upcoming release. The company's upcoming EPS is projected at $0.48, signifying a 54.29% drop compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $4.32 billion, reflecting a 14.65% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$1.74 per share and a revenue of $15.85 billion, representing changes of -171.31% and +11.28%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Alaska Air Group. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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 capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 42.48% lower. Right now, Alaska Air Group possesses a Zacks Rank of #3 (Hold).
The Transportation - Airline industry is part of the Transportation sector. With its current Zacks Industry Rank of 226, this industry ranks in the bottom 9% of all industries, numbering over 250.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.