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Countdown to Alaska Air (ALK) Q3 Earnings: Wall Street Forecasts for Key Metrics
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In its upcoming report, Alaska Air Group (ALK - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.35 per share, reflecting a decline of 66.7% compared to the same period last year. Revenues are forecasted to be $4.31 billion, representing a year-over-year increase of 14.5%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 388.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Alaska Air metrics that Wall Street analysts commonly model and monitor.
Based on the collective assessment of analysts, 'Total Passenger Revenue' should arrive at $3.90 billion. The estimate indicates a change of +13.8% from the prior-year quarter.
The combined assessment of analysts suggests that 'Revenue- Loyalty program other revenue' will likely reach $234.52 million. The estimate suggests a change of +17.3% year over year.
Analysts' assessment points toward 'Revenue- Cargo and other' reaching $160.91 million. The estimate indicates a year-over-year change of +13.3%.
Analysts forecast 'Passenger Load Factor' to reach 84.5%. Compared to the present estimate, the company reported 84.8% in the same quarter last year.
Analysts expect 'Total revenue per ASM (RASM)' to come in at N/A. The estimate compares to the year-ago value of N/A.
The collective assessment of analysts points to an estimated 'Available seat miles (ASM)' of 25.03 billion. Compared to the current estimate, the company reported 24.45 billion in the same quarter of the previous year.
The consensus estimate for 'Revenue passenger miles (RPM)' stands at 21.10 billion. Compared to the current estimate, the company reported 20.74 billion in the same quarter of the previous year.
The consensus among analysts is that 'Fuel Expenses' will reach $1.19 billion. Compared to the current estimate, the company reported $761.00 million in the same quarter of the previous year.
Analysts predict that the 'Passenger Yield' will reach N/A. Compared to the current estimate, the company reported N/A in the same quarter of the previous year.
The average prediction of analysts places 'Fuel gallons' at 307 millions of gallons. The estimate compares to the year-ago value of 303 millions of gallons.
It is projected by analysts that the 'Operating expenses per ASM, excluding fuel and special items' will reach N/A. Compared to the current estimate, the company reported N/A in the same quarter of the previous year.
According to the collective judgment of analysts, 'ASMs per fuel gallon' should come in at $81.6 gallons. Compared to the current estimate, the company reported $80.6 gallons in the same quarter of the previous year.
Alaska Air shares have witnessed a change of -10% in the past month, in contrast to the Zacks S&P 500 composite's +1.4% move. With a Zacks Rank #4 (Sell), ALK is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Countdown to Alaska Air (ALK) Q3 Earnings: Wall Street Forecasts for Key Metrics
In its upcoming report, Alaska Air Group (ALK - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.35 per share, reflecting a decline of 66.7% compared to the same period last year. Revenues are forecasted to be $4.31 billion, representing a year-over-year increase of 14.5%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 388.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Alaska Air metrics that Wall Street analysts commonly model and monitor.
Based on the collective assessment of analysts, 'Total Passenger Revenue' should arrive at $3.90 billion. The estimate indicates a change of +13.8% from the prior-year quarter.
The combined assessment of analysts suggests that 'Revenue- Loyalty program other revenue' will likely reach $234.52 million. The estimate suggests a change of +17.3% year over year.
Analysts' assessment points toward 'Revenue- Cargo and other' reaching $160.91 million. The estimate indicates a year-over-year change of +13.3%.
Analysts forecast 'Passenger Load Factor' to reach 84.5%. Compared to the present estimate, the company reported 84.8% in the same quarter last year.
Analysts expect 'Total revenue per ASM (RASM)' to come in at N/A. The estimate compares to the year-ago value of N/A.
The collective assessment of analysts points to an estimated 'Available seat miles (ASM)' of 25.03 billion. Compared to the current estimate, the company reported 24.45 billion in the same quarter of the previous year.
The consensus estimate for 'Revenue passenger miles (RPM)' stands at 21.10 billion. Compared to the current estimate, the company reported 20.74 billion in the same quarter of the previous year.
The consensus among analysts is that 'Fuel Expenses' will reach $1.19 billion. Compared to the current estimate, the company reported $761.00 million in the same quarter of the previous year.
Analysts predict that the 'Passenger Yield' will reach N/A. Compared to the current estimate, the company reported N/A in the same quarter of the previous year.
The average prediction of analysts places 'Fuel gallons' at 307 millions of gallons. The estimate compares to the year-ago value of 303 millions of gallons.
It is projected by analysts that the 'Operating expenses per ASM, excluding fuel and special items' will reach N/A. Compared to the current estimate, the company reported N/A in the same quarter of the previous year.
According to the collective judgment of analysts, 'ASMs per fuel gallon' should come in at $81.6 gallons. Compared to the current estimate, the company reported $80.6 gallons in the same quarter of the previous year.
View all Key Company Metrics for Alaska Air here>>>Alaska Air shares have witnessed a change of -10% in the past month, in contrast to the Zacks S&P 500 composite's +1.4% move. With a Zacks Rank #4 (Sell), ALK is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .