In terms of the Zacks Industry Rank, Transportation – Airline is currently in the top 16% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call. Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment.
Shares of Alaska Air Group split on the morning of Thursday, July 10th 2014. The newly created shares were issued to shareholders after the closing bell on Wednesday, July 9th 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.
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- The consensus among Wall Street analysts is that investors should «buy» ALK shares.
- In terms of the Zacks Industry Rank, Transportation – Airline is currently in the top 16% of the 250 plus Zacks industries.
- It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off.
- 10 Wall Street analysts have issued «buy,» «hold,» and «sell» ratings for Alaska Air Group in the last twelve months.
- HONOLULU , Aug. 30, 2023 /PRNewswire/ — Alaska Airlines has promoted Daniel Chun to regional vice president – Hawai’i, in a move that underscores the airline’s enduring commitment to the Aloha State….
The technique has proven to be very useful for finding positive surprises. The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Alaska Air Group (ALK Quick QuoteALK – Free Report) came out with quarterly earnings of $3 per share, beating the Zacks Consensus Estimate of $2.70 per share. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $2.85 on $2.87 billion in revenues for the coming quarter and $6.56 on $10.47 billion in revenues for the current fiscal year. Alaska Air, which belongs to the Zacks Transportation – Airline industry, posted revenues of $2.84 billion for the quarter ended June 2023, surpassing the Zacks Consensus Estimate by 2.07%.
Stocks trending for September 6, 2023: AMC, United, Alaska, Southwest airlines, Overstock
Alaska Air Group’s stock was trading at $42.94 at the start of the year. Since then, ALK stock has decreased by 6.6% and is now trading at $40.09. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next days.
A quarterly cash dividend of $0.38 per share of Class A Common Stock. The quarterly cash dividend was payable on March 5, 2020 to stockholders of record on February 14, 2020. Southwest (LUV), United (UAL), and Alaska Air (ALK) all raised jet fuel cost guidance, warning of higher prices to come. Yahoo Finance Live’s Brad Smith and Julie Hyman break down the report and the o…
An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 391 employees have rated Alaska Air Group Chief Executive Officer Bradley D. Tilden on Glassdoor.com.
Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Alaska Air Group Inc operates two airlines, Alaska and Horizon in three operating segments.
MarketWatch
Yahoo Finance anchors Seana Smith and Akiko Fujita break down the trending tickers for September 6,2023 including AMC stock selling off after announcing plans to sell off 40 million shares, United, So… Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score.
Removal from the S&P 500 index would also lead to ALK stock being dropped from numerous exchange-traded funds and mutual funds that track the index’s performance. Already, ALK stock is down 5% over the last 12 months and down nearly 40% through five years. Alaska Air Group updated its third quarter 2023 earnings guidance on Wednesday, September, 13th. The company provided earnings per share guidance of for the period.
© 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Alaska Air Group’s stock is owned by many different institutional and retail investors.
For example, a price above its moving average is generally considered an upward trend or a buy. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.
Alaska Air Group Stock Snapshot
But the deal has not been finalized amid mounting concerns over the impact it could have on domestic competition in the U.S. aviation sector. For Q3, JetBlue said it expects a loss of 20 cents to break-even. JBLU stock is down nearly 10% this year and down 69% over five years. Hundreds of thousands of summer travelers suffered through another day of delayed and canceled flights Wednesday, a troubling glimpse into what could happen over the long July 4 holiday weekend as air…
It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy. The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study.
Price and EPS Surprise Chart
The Mainline segment includes scheduled air transportation on Alaska’s Boeing and Airbus jet aircraft for passengers and cargo throughout the U.S., and in parts of Mexico, and Costa Rica. The Horizon segment includes the capacity sold to Alaska under a CPA. It earns revenues from Passenger tickets, including ticket breakage and net of taxes and fees, Passenger ancillary and Mileage Plan passenger revenue.
10 Wall Street analysts have issued «buy,» «hold,» and «sell» ratings for Alaska Air Group in the last twelve months. There are currently 1 hold rating, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should «buy» ALK shares. This airline is expected to post quarterly earnings of $0.40 per share in its upcoming report, which represents a year-over-year change of +185.1%. The consensus EPS estimate for the quarter has been revised 2.5% higher over the last 30 days to the current level.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.
Southwest executives blame the slumping revenues on rising costs, particularly for labor and fuel, with both remaining well above pre-pandemic 2019 levels. Southwest Airlines hasn’t been the same since a system-wide meltdown last December during the busy holiday travel season led to a Q loss of $220 million. Severe winter weather https://bigbostrade.com/ and a crash in its computer system caused Southwest to cancel more than 16,000 flights between Dec. 21 and 31. ALK need to pay close attention to the stock based on moves in the options market lately. That is because the Oct 20, 2023 $25.00 Call had some of the highest implied volatility of all equity options today.
10 brokerages have issued 12 month price objectives for Alaska Air Group’s shares. Their ALK share price forecasts range from $58.00 to $75.00. On average, they predict the company’s share price to reach dogs of the dow 2023 $65.03 in the next twelve months. This suggests a possible upside of 62.2% from the stock’s current price. View analysts price targets for ALK or view top-rated stocks among Wall Street analysts.
Research & Ratings Alaska Air Group Inc.(ALK)
SEATTLE , July 10, 2023 /PRNewswire/ — Alaska Air Group Inc., the parent company of Alaska Airlines Inc. and Horizon Air Industries Inc., will hold its quarterly conference call to discuss 2023 secon… Earnings will likely come in at about $2.60 on a per-share and adjusted basis, slightly below the $2.68 consensus estimate. Delivered industry-leading adjusted pre-tax margins of 18.3% on record quarterly revenue Adjusted pre-tax margin exceeds 2019 second quarter results despite higher fuel costs Achieved industry’s best … ALK’s beta can be found in Trading Information at the top of this page.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company’s earnings outlook.
Clearly, options traders are pricing in a big move for Alaska Air shares, but what is the fundamental picture for the company? Currently, Alaska Air is a Zacks Rank #3 (Hold) in the Transportation – Airline industry that ranks in the Top 38% of our Zacks Industry Rank. Over the last 30 days, no analysts have increased their earnings estimates for the current quarter, while two have dropped their estimates.
Polaris Inc (PII) Q2 Earnings and Revenues Beat Estimates
SEATTLE , Sept. 8, 2023 /PRNewswire/ — Alaska Air Group Inc., the parent company of Alaska Airlines Inc. and Horizon Air Industries Inc., today announced it will webcast a fireside chat with CFO Shan… Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. This site is protected by reCAPTCHA and the Google
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Terms of Service apply. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.
These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations.
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