Buy, Sell or Hold? before and after EPS results Alaska Air Group (NYSE:ALK)

Earnings results for Alaska Air Group (NYSE:ALK)

Alaska Air Group, Inc. is expected* to report earnings on 01/26/2021 before market open. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 8 analysts’ forecasts, the consensus EPS forecast for the quarter is $-2.91. The reported EPS for the same quarter last year was $1.46.

Alaska Air Group last announced its quarterly earnings results on October 22nd, 2020. The transportation company reported ($3.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.94) by $0.29. The business had revenue of $701 million for the quarter, compared to analyst estimates of $685.94 million. Its revenue for the quarter was down 70.7% compared to the same quarter last year. Alaska Air Group has generated $6.42 earnings per share over the last year. Alaska Air Group has confirmed that its next quarterly earnings report will be published on Tuesday, January 26th, 2021.

Analyst Opinion on Alaska Air Group (NYSE:ALK)

15 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 $52.93, predicting that the stock has a possible upside of 0.06%. The high price target for ALK is $65.00 and the low price target for ALK is $37.00. There are currently 3 hold ratings, 11 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 2.86, and is based on 10 buy ratings, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $52.93, Alaska Air Group has a forecasted upside of 0.1% from its current price of $52.90. Alaska Air Group has only been the subject of 4 research reports in the past 90 days.

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 1,528.06% more of their company’s stock than they have bought. Specifically, they have bought $40,484.00 in company stock and sold $659,102.00 in company stock. Only 0.47% of the stock of Alaska Air Group is held by insiders. 73.10% 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 ($10.43) to ($0.21) per share. The P/E ratio of Alaska Air Group is -9.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Alaska Air Group is -9.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Alaska Air Group has a P/B Ratio of 1.50. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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