Should you short it before the Earnings result? : Alaska Air Group (NYSE:ALK)

Earnings results for Alaska Air Group (NYSE:ALK)

Alaska Air Group, Inc. is expected* to report earnings on 10/22/2020 before market open. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 8 analysts’ forecasts, the consensus EPS forecast for the quarter is $-2.86. The reported EPS for the same quarter last year was $2.63.

Alaska Air Group last announced its quarterly earnings results on July 23rd, 2020. The transportation company reported ($3.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($3.39) by $0.15. The company had revenue of $421 million for the quarter, compared to the consensus estimate of $336.31 million. Its revenue for the quarter was down 81.6% on a year-over-year basis. Alaska Air Group has generated $6.42 earnings per share over the last year and currently has a price-to-earnings ratio of 86.3. Alaska Air Group has confirmed that its next quarterly earnings report will be published on Thursday, October 22nd, 2020.

Analyst Opinion on Alaska Air Group (NYSE:ALK)

14 Wall Street analysts have issued ratings and price targets for Alaska Air Group in the last 12 months. Their average twelve-month price target is $48.60, predicting that the stock has a possible upside of 22.45%. The high price target for ALK is $64.00 and the low price target for ALK is $31.00. There are currently 3 hold ratings, 10 buy ratings and 1 strong buy rating for the stock, resulting in a consensus rating of “Buy.”

Alaska Air Group has received a consensus rating of Buy. The company’s average rating score is 2.85, and is based on 9 buy ratings, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $48.60, Alaska Air Group has a forecasted upside of 22.4% from its current price of $39.69. Alaska Air Group has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Alaska Air Group (NYSE:ALK)

Alaska Air Group does not currently pay a dividend. Alaska Air Group does not have a long track record of dividend growth.

Insiders buying/selling: Alaska Air Group (NYSE:ALK)

In the past three months, Alaska Air Group insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $275,963.00 in company stock. Only 0.47% of the stock of Alaska Air Group is held by insiders. 73.06% of the stock of Alaska Air Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Alaska Air Group (NYSE:ALK

Earnings for Alaska Air Group are expected to grow in the coming year, from ($8.99) to $1.58 per share. The P/E ratio of Alaska Air Group is 86.28, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 19.48. The P/E ratio of Alaska Air Group is 86.28, which means that it is trading at a more expensive P/E ratio than the Transportation sector average P/E ratio of about 20.03. Alaska Air Group has a P/B Ratio of 1.13. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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