Alaska Air Group Q3 Earnings Forecast Cut by Zacks Research

Key Points

• Zacks Research cut Alaska Air Group’s Q3 2027 earnings forecast to $1.72 per share from $1.94, while forecasting $2.28 EPS for Q3 2028. The current full-year consensus estimate is a loss of $2.05 per share.
• In its latest reported quarter, Alaska Air Group posted a loss of $0.92 per share, beating estimates by $0.07, while revenue rose 9.7% year over year to $4.07 billion. The company issued Q3 2026 guidance ranging from break-even to $1.00 EPS.
• Analyst sentiment remains mixed but leans positive, with a “Moderate Buy” consensus, a $59.15 average price target, and 10 Buy ratings versus one Hold and two Sell ratings. CEO Benito Minicucci also purchased 25,000 shares, while an executive vice president sold 5,300 shares.

Alaska Air Group, Inc. (NYSE:ALK - Free Report) - Analysts at Zacks Research decreased their Q3 2027 earnings estimates for shares of Alaska Air Group in a research note issued on Tuesday, October 6th. Zacks Research analyst Team now forecasts that the transportation company will post earnings of $1.72 per share for the quarter, down from their previous forecast of $1.94. The consensus estimate for Alaska Air Group's current full-year earnings is ($2.05) per share. Zacks Research also issued estimates for Alaska Air Group's Q3 2028 earnings at $2.28 EPS.

Alaska Air Group (NYSE:ALK - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.99) by $0.07. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the company earned $1.42 earnings per share. The business's revenue for the quarter was up 9.7% on a year-over-year basis. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings cut Alaska Air Group from a "sell (d+)" rating to a "sell (d)" rating in a research note on Tuesday, August 18th. Citigroup dropped their price target on Alaska Air Group from $47.00 to $37.00 and set a "sell" rating on the stock in a research note on Friday, July 24th. BMO Capital Markets set a $50.00 price objective on shares of Alaska Air Group and gave the company an "outperform" rating in a report on Monday, September 28th. TD Cowen decreased their price objective on shares of Alaska Air Group from $46.00 to $44.00 and set a "buy" rating for the company in a research report on Friday, October 2nd. Finally, Susquehanna lifted their target price on shares of Alaska Air Group from $50.00 to $70.00 and gave the stock a "positive" rating in a research note on Tuesday, July 7th. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Alaska Air Group currently has an average rating of "Moderate Buy" and an average target price of $59.15.

Alaska Air Group Stock Up 1.8%

Alaska Air Group stock opened at $39.91 on Wednesday. Alaska Air Group has a 1-year low of $33.03 and a 1-year high of $60.63. The business has a fifty day moving average price of $42.93 and a 200-day moving average price of $43.25. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.55 and a quick ratio of 0.51. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of -25.42 and a beta of 1.33.

Insiders Place Their Bets

In other news, CEO Benito Minicucci purchased 25,000 shares of the company's stock in a transaction on Thursday, August 20th. The shares were acquired at an average price of $40.06 per share, for a total transaction of $1,001,500.00. Following the purchase, the chief executive officer owned 256,582 shares in the company, valued at $10,278,674.92. This trade represents a 10.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andrew R. Harrison sold 5,300 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $49.67, for a total value of $263,251.00. Following the completion of the transaction, the executive vice president directly owned 25,528 shares in the company, valued at $1,267,975.76. This represents a 17.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.00% of the company's stock.

Hedge Funds Weigh In On Alaska Air Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Byrne Asset Management LLC purchased a new position in Alaska Air Group during the 3rd quarter worth approximately $109,000. QRG Capital Management Inc. boosted its holdings in shares of Alaska Air Group by 10.1% in the 2nd quarter. QRG Capital Management Inc. now owns 6,727 shares of the transportation company's stock valued at $351,000 after acquiring an additional 617 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Alaska Air Group in the 2nd quarter valued at $247,000. Capstone Financial Advisors Inc. increased its stake in shares of Alaska Air Group by 4.6% in the second quarter. Capstone Financial Advisors Inc. now owns 30,206 shares of the transportation company's stock worth $1,577,000 after acquiring an additional 1,339 shares during the period. Finally, Engineers Gate Manager LP increased its stake in shares of Alaska Air Group by 1,445.3% in the second quarter. Engineers Gate Manager LP now owns 87,187 shares of the transportation company's stock worth $4,551,000 after acquiring an additional 81,545 shares during the period. Institutional investors and hedge funds own 81.90% of the company's stock.

Alaska Air Group Company Profile

Alaska Air Group, Inc is an airline holding company headquartered in Seattle, Washington. Its principal subsidiaries are Alaska Airlines and Hawaiian Airlines, which provide scheduled passenger and cargo air transportation, as well as Horizon Air, a regional airline that operates flights for Alaska Airlines. The group also owns McGee Air Services, an aviation services provider.

Alaska Airlines serves destinations across Alaska, the contiguous United States, Canada, Mexico, and other locations in North America.

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