Zacks Research Expects Higher Earnings for Alaska Air Group

Key Points

• Zacks Research raised Alaska Air Group’s Q2 2027 EPS estimate to $1.93 from $1.71, while maintaining a “Hold” rating; it forecasts FY2028 EPS of $9.99.
• Alaska Air Group reported a second-quarter loss of $0.92 per share, beating expectations for a $0.99 loss, while revenue rose 9.7% year over year to $4.07 billion.
• Analysts collectively assign the stock a “Moderate Buy” rating with a consensus price target of $65.65, compared with its recent price of $48.35.

Alaska Air Group, Inc. (NYSE:ALK - Free Report) - Equities researchers at Zacks Research upped their Q2 2027 earnings per share estimates for shares of Alaska Air Group in a research report issued to clients and investors on Tuesday, August 11th. Zacks Research analyst Team now anticipates that the transportation company will post earnings per share of $1.93 for the quarter, up from their previous estimate of $1.71. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for Alaska Air Group's current full-year earnings is ($0.73) per share. Zacks Research also issued estimates for Alaska Air Group's FY2028 earnings at $9.99 EPS.

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

Several other research analysts have also issued reports on ALK. Evercore set a $60.00 target price on shares of Alaska Air Group in a research note on Friday, April 17th. Bank of America increased their price objective on shares of Alaska Air Group from $60.00 to $65.00 and gave the company a "buy" rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. reduced their price objective on shares of Alaska Air Group from $94.00 to $92.00 and set an "overweight" rating on the stock in a research note on Friday, July 24th. Citigroup lowered their target price on shares of Alaska Air Group from $47.00 to $37.00 and set a "sell" rating for the company in a report on Friday, July 24th. Finally, TD Cowen reissued a "buy" rating and issued a $59.00 price target (up from $51.00) on shares of Alaska Air Group in a research note on Thursday, July 2nd. Eleven equities research 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $65.65.

Alaska Air Group Price Performance

Shares of ALK stock opened at $48.35 on Wednesday. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of -30.80 and a beta of 1.29. Alaska Air Group has a 12 month low of $33.03 and a 12 month high of $65.88. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 1.58. The stock has a 50-day moving average price of $48.12 and a 200 day moving average price of $45.79.

Insider Buying and Selling at Alaska Air Group

In related news, EVP Andrew R. Harrison sold 5,300 shares of Alaska Air Group stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $49.67, for a total transaction of $263,251.00. Following the transaction, the executive vice president owned 25,528 shares of the company's stock, valued at $1,267,975.76. This trade represents a 17.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of Alaska Air Group

A number of large investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Alaska Air Group in the second quarter worth about $606,307,000. Vanguard Group Inc. lifted its holdings in shares of Alaska Air Group by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 11,059,404 shares of the transportation company's stock valued at $556,288,000 after purchasing an additional 110,628 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Alaska Air Group by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,348,163 shares of the transportation company's stock valued at $233,463,000 after purchasing an additional 145,484 shares during the period. Capital Research Global Investors grew its position in shares of Alaska Air Group by 86.8% in the 4th quarter. Capital Research Global Investors now owns 3,175,350 shares of the transportation company's stock valued at $159,720,000 after purchasing an additional 1,475,350 shares during the period. Finally, Geode Capital Management LLC increased its stake in Alaska Air Group by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 2,149,777 shares of the transportation company's stock worth $108,166,000 after purchasing an additional 35,352 shares in the last quarter. Institutional investors own 81.90% of the company's stock.

About Alaska Air Group

Alaska Air Group is a publicly traded holding company headquartered in Seattle, Washington, that operates two main airlines—Alaska Airlines and Horizon Air. Through these carriers, the company offers scheduled passenger and cargo services across a network spanning the United States, Canada and Mexico. Its core business activities include domestic and international air transportation, loyalty program management under the Mileage Plan brand, and ancillary revenue streams such as baggage fees, in-flight sales and code-share partnerships with other global airlines.

The roots of Alaska Air Group trace back to the foundation of its flagship carrier, Alaska Airlines, in 1932.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source