Latest news with #AlaskaAirGroup
Yahoo
8 hours ago
- Business
- Yahoo
Alaska Air Group (ALK) Stock Dips While Market Gains: Key Facts
Alaska Air Group (ALK) closed the latest trading day at $51.73, indicating a -1.47% change from the previous session's end. The stock's change was less than the S&P 500's daily gain of 0.09%. Shares of the airline witnessed a gain of 0.9% over the previous month, trailing the performance of the Transportation sector with its gain of 7.55% and the S&P 500's gain of 7.21%. The investment community will be closely monitoring the performance of Alaska Air Group in its forthcoming earnings report. The company is forecasted to report an EPS of $1.57, showcasing a 38.43% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $3.66 billion, indicating a 26.26% growth compared to the corresponding quarter of the prior year. ALK's full-year Zacks Consensus Estimates are calling for earnings of $3.65 per share and revenue of $14.21 billion. These results would represent year-over-year changes of -25.05% and +21.09%, respectively. It's also important for investors to be aware of any recent modifications to analyst estimates for Alaska Air Group. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Over the past month, there's been no change in the Zacks Consensus EPS estimate. As of now, Alaska Air Group holds a Zacks Rank of #5 (Strong Sell). Investors should also note Alaska Air Group's current valuation metrics, including its Forward P/E ratio of 14.38. This expresses a premium compared to the average Forward P/E of 9.23 of its industry. It is also worth noting that ALK currently has a PEG ratio of 0.53. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. ALK's industry had an average PEG ratio of 0.89 as of yesterday's close. The Transportation - Airline industry is part of the Transportation sector. With its current Zacks Industry Rank of 165, this industry ranks in the bottom 33% of all industries, numbering over 250. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Ensure to harness to stay updated with all these stock-shifting metrics, among others, in the next trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Bloomberg
02-06-2025
- Business
- Bloomberg
Alaska Air CEO Sees Fare Weakness Lasting Into Third Quarter
The head of Alaska Air Group Inc. expects domestic fares to remain weak into the latter half of the year until capacity across the industry comes into closer alignment with travel demand. While Alaska expects to be 'solidly profitable' this year, the carrier has been affected by an excess of flight capacity among competitors, Chief Executive Officer Ben Minicucci said. That's suppressing ticket prices and weighing on the company's yield, a measure of the revenue earned per mile flown.
Yahoo
23-05-2025
- Business
- Yahoo
Alaska Air Group (ALK) Gains As Market Dips: What You Should Know
Alaska Air Group (ALK) closed the latest trading day at $50.11, indicating a +0.68% change from the previous session's end. The stock's change was more than the S&P 500's daily loss of 0.04%. Coming into today, shares of the airline had gained 7.94% in the past month. In that same time, the Transportation sector gained 10.21%, while the S&P 500 gained 13.42%. Market participants will be closely following the financial results of Alaska Air Group in its upcoming release. The company's upcoming EPS is projected at $1.57, signifying a 38.43% drop compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.66 billion, up 26.26% from the year-ago period. ALK's full-year Zacks Consensus Estimates are calling for earnings of $3.65 per share and revenue of $14.21 billion. These results would represent year-over-year changes of -25.05% and +21.09%, respectively. It's also important for investors to be aware of any recent modifications to analyst estimates for Alaska Air Group. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 29.65% lower. Alaska Air Group is currently sporting a Zacks Rank of #5 (Strong Sell). In terms of valuation, Alaska Air Group is presently being traded at a Forward P/E ratio of 13.63. This expresses a premium compared to the average Forward P/E of 8.92 of its industry. One should further note that ALK currently holds a PEG ratio of 0.51. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Transportation - Airline industry had an average PEG ratio of 0.94. The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 89, putting it in the top 37% 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. Be sure to use to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
12-05-2025
- Business
- Yahoo
Jim Cramer Says Alaska Air Group (ALK) May Fall Further – Should Investors Wait on the Sidelines?
We recently published a list of . In this article, we are going to take a look at where Alaska Air Group, Inc. (NYSE:ALK) stands against other buzzing stocks after latest earnings season. Markets were cheering the latest US-China trade deal, after which the two countries will significantly reduce tariffs on each other's imports for 90 days. The deal practically negates all bear cases modeled by Wall Street analysts based on the impact of tariffs. Sylvia Jablonski, Defiance ETFs CEO and CIO, called the deal a 'game changer' during a program on CNBC. 'I think both countries probably saw a little bit of the demise of what would be here with a non-tariff deal as the data came in. You had a lot of complaints around China across all sectors and then in the US, retailers were reaching out to President Trump and saying that shelves are empty and, you know, a lot of panic about semiconductor software companies. I think that this is really a game changer for both countries, and the big message here is that both countries, it sounds like, decided that they really don't want to decouple, and, you know, make America great might also mean that, you know, China stays.' READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In. For this article, we picked 10 stocks currently making moves amid the latest earnings season. With each stock we have mentioned the latest hedge fund sentiment. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Number of Hedge Fund Investors: 28 Jim Cramer in a latest program on CNBC commented on Alaska Air and said the stock could go lower: 'First off, it's really well run, so don't take this the wrong way. But the airlines are wrong to own right here because people think we're going into a travel recession. I think you'd still go lower.' Diamond Hill Mid Cap Strategy stated the following regarding Alaska Air Group, Inc. (NYSE:ALK) in its Q4 2024 investor letter: Other top contributors in Q4 included Alaska Air Group, Inc. (NYSE:ALK), Webster Financial and Liberty Media-Formula One. Shares of regional airline Alaska Air rose in the quarter as management provided more details about the company's recent acquisition of Hawaiian Airlines, which investors received positively. Overall, ALK ranks 10th on our list of buzzing stocks after latest earnings season. While we acknowledge the potential of ALK as an investment, our conviction lies in the belief that under-the-radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ALK but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
12-05-2025
- Business
- Yahoo
Jim Cramer Says Alaska Air Group (ALK) May Fall Further – Should Investors Wait on the Sidelines?
We recently published a list of . In this article, we are going to take a look at where Alaska Air Group, Inc. (NYSE:ALK) stands against other buzzing stocks after latest earnings season. Markets were cheering the latest US-China trade deal, after which the two countries will significantly reduce tariffs on each other's imports for 90 days. The deal practically negates all bear cases modeled by Wall Street analysts based on the impact of tariffs. Sylvia Jablonski, Defiance ETFs CEO and CIO, called the deal a 'game changer' during a program on CNBC. 'I think both countries probably saw a little bit of the demise of what would be here with a non-tariff deal as the data came in. You had a lot of complaints around China across all sectors and then in the US, retailers were reaching out to President Trump and saying that shelves are empty and, you know, a lot of panic about semiconductor software companies. I think that this is really a game changer for both countries, and the big message here is that both countries, it sounds like, decided that they really don't want to decouple, and, you know, make America great might also mean that, you know, China stays.' READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In. For this article, we picked 10 stocks currently making moves amid the latest earnings season. With each stock we have mentioned the latest hedge fund sentiment. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Number of Hedge Fund Investors: 28 Jim Cramer in a latest program on CNBC commented on Alaska Air and said the stock could go lower: 'First off, it's really well run, so don't take this the wrong way. But the airlines are wrong to own right here because people think we're going into a travel recession. I think you'd still go lower.' Diamond Hill Mid Cap Strategy stated the following regarding Alaska Air Group, Inc. (NYSE:ALK) in its Q4 2024 investor letter: Other top contributors in Q4 included Alaska Air Group, Inc. (NYSE:ALK), Webster Financial and Liberty Media-Formula One. Shares of regional airline Alaska Air rose in the quarter as management provided more details about the company's recent acquisition of Hawaiian Airlines, which investors received positively. Overall, ALK ranks 10th on our list of buzzing stocks after latest earnings season. While we acknowledge the potential of ALK as an investment, our conviction lies in the belief that under-the-radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ALK but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
