Zacks Research Has Positive Estimate for ALK Q3 Earnings

Alaska Air Group, Inc. (NYSE:ALK) – Equities researchers at Zacks Research raised their Q3 2027 EPS estimates for Alaska Air Group in a research note issued on Thursday, June 25th. Zacks Research analyst Team now forecasts that the transportation company will post earnings of $2.34 per share for the quarter, up from their prior estimate of $2.30. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Alaska Air Group’s current full-year earnings is ($0.72) per share. Zacks Research also issued estimates for Alaska Air Group’s Q4 2027 earnings at $1.52 EPS, Q1 2028 earnings at $1.06 EPS and FY2028 earnings at $9.75 EPS.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data on Monday, April 20th. The transportation company reported ($1.68) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.61) by ($0.07). The company had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.31 billion. Alaska Air Group had a net margin of 0.51% and a return on equity of 4.96%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.77) earnings per share. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS.

A number of other brokerages also recently issued reports on ALK. Morgan Stanley lowered their price objective on Alaska Air Group from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Wall Street Zen upgraded Alaska Air Group from a “strong sell” rating to a “sell” rating in a report on Saturday, June 6th. The Goldman Sachs Group decreased their target price on shares of Alaska Air Group from $68.00 to $61.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. TD Cowen restated a “buy” rating on shares of Alaska Air Group in a report on Friday, June 5th. Finally, UBS Group restated a “buy” rating and issued a $62.00 price target (up from $56.00) on shares of Alaska Air Group in a research report on Tuesday. Eleven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.46.

Alaska Air Group Trading Up 3.4%

NYSE ALK opened at $53.31 on Friday. The business’s 50-day moving average price is $43.08 and its two-hundred day moving average price is $46.21. Alaska Air Group has a 12 month low of $33.03 and a 12 month high of $65.88. The firm has a market capitalization of $5.94 billion, a PE ratio of 100.59 and a beta of 1.29. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 1.29.

Institutional Investors Weigh In On Alaska Air Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Alaska Air Group by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 11,059,404 shares of the transportation company’s stock worth $556,288,000 after purchasing an additional 110,628 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Alaska Air Group by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 6,348,163 shares of the transportation company’s stock valued at $233,463,000 after buying an additional 145,484 shares during the period. Capital Research Global Investors boosted its holdings in shares of Alaska Air Group by 86.8% during the 4th quarter. Capital Research Global Investors now owns 3,175,350 shares of the transportation company’s stock worth $159,720,000 after buying an additional 1,475,350 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Alaska Air Group by 24.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,962,620 shares of the transportation company’s stock worth $149,020,000 after buying an additional 588,119 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of 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 buying an additional 35,352 shares during the period. 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.