Did they just beat EPS? Alaska Air Group (NYSE:ALK)

Earnings results for Alaska Air Group (NYSE:ALK)

Alaska Air Group, Inc. is expected* to report earnings on 07/22/2021 before market open. The report will be for the fiscal Quarter ending Jun 2021. According to Zacks Investment Research, based on 8 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.31. The reported EPS for the same quarter last year was $-3.54.

Alaska Air Group last issued its quarterly earnings results on April 21st, 2021. The transportation company reported ($3.51) EPS for the quarter, beating analysts’ consensus estimates of ($3.63) by $0.12. The business earned $797 million during the quarter, compared to analyst estimates of $786.52 million. Its revenue for the quarter was down 51.3% compared to the same quarter last year. Alaska Air Group has generated ($10.17) earnings per share over the last year. Alaska Air Group has confirmed that its next quarterly earnings report will be published on Thursday, July 22nd, 2021. Alaska Air Group will be holding an earnings conference call on Thursday, July 22nd at 11:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Analyst Opinion on Alaska Air Group (NYSE:ALK)

12 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 $73.82, predicting that the stock has a possible upside of 28.18%. The high price target for ALK is $104.00 and the low price target for ALK is $50.00. There are currently 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 3.08, and is based on 11 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $73.82, Alaska Air Group has a forecasted upside of 28.2% from its current price of $57.59. 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 6,485.05% more of their company’s stock than they have bought. Specifically, they have bought $79,512.00 in company stock and sold $5,235,901.00 in company stock. Only 0.73% of the stock of Alaska Air Group is held by insiders. 77.02% 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 ($2.47) to $5.24 per share. The P/E ratio of Alaska Air Group is -5.91, 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 -5.91, 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 2.38. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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