Alaska Air Group Q3 Earnings Forecast Cut by Zacks Research

Alaska Air Group, Inc. (NYSE:ALK) – Equities research analysts at Zacks Research reduced their Q3 2027 EPS estimates for Alaska Air Group in a research note issued to investors on Tuesday, October 6th. Zacks Research analyst Team now forecasts that the transportation company will post earnings of $1.72 per share for the quarter, down from their prior estimate of $1.94. The consensus estimate for Alaska Air Group’s current full-year earnings is ($2.28) per share. Zacks Research also issued estimates for Alaska Air Group’s Q3 2028 earnings at $2.28 EPS.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.99) by $0.07. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the prior year, the company earned $1.42 EPS. Alaska Air Group’s revenue was up 9.7% compared to the same quarter last year. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS.

ALK has been the topic of a number of other research reports. Wall Street Zen downgraded Alaska Air Group from a “sell” rating to a “strong sell” rating in a research report on Monday. Weiss Ratings cut shares of Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 18th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $69.00 target price (up from $58.00) on shares of Alaska Air Group in a research note on Thursday, July 2nd. Bank of America boosted their target price on shares of Alaska Air Group from $60.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Finally, Citigroup dropped their price target on shares of Alaska Air Group from $47.00 to $37.00 and set a “sell” rating for the company in a research note on Friday, July 24th. Ten research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Alaska Air Group currently has an average rating of “Moderate Buy” and an average target price of $57.62.

Alaska Air Group Trading Down 0.8%

Shares of Alaska Air Group stock opened at $39.57 on Wednesday. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.55 and a quick ratio of 0.51. The stock’s 50 day simple moving average is $42.80 and its 200-day simple moving average is $43.27. The stock has a market cap of $4.41 billion, a P/E ratio of -25.20 and a beta of 1.33. Alaska Air Group has a 1-year low of $33.03 and a 1-year high of $60.63.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Alaska Air Group in the 2nd quarter valued at $606,307,000. Dimensional Fund Advisors LP grew its position in Alaska Air Group by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,348,163 shares of the transportation company’s stock valued at $233,463,000 after acquiring an additional 145,484 shares in the last quarter. Primecap Management Co. CA acquired a new position in Alaska Air Group in the 2nd quarter valued at about $168,467,000. Capital Research Global Investors increased its stake in Alaska Air Group by 86.8% during the fourth quarter. Capital Research Global Investors now owns 3,175,350 shares of the transportation company’s stock worth $159,720,000 after purchasing an additional 1,475,350 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Alaska Air Group during the second quarter worth about $34,776,000. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Benito Minicucci acquired 25,000 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were purchased at an average cost of $40.06 per share, for a total transaction of $1,001,500.00. Following the acquisition, the chief executive officer owned 256,582 shares in the company, valued at $10,278,674.92. The trade was a 10.80% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew Harrison sold 5,300 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $49.67, for a total transaction of $263,251.00. Following the transaction, the executive vice president directly owned 25,528 shares of the company’s stock, valued at $1,267,975.76. The trade was a 17.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.00% of the stock is currently owned by insiders.

About Alaska Air Group

Alaska Air Group, Inc is an airline holding company headquartered in Seattle, Washington. Its principal subsidiaries are Alaska Airlines and Hawaiian Airlines, which provide scheduled passenger and cargo air transportation, as well as Horizon Air, a regional airline that operates flights for Alaska Airlines. The group also owns McGee Air Services, an aviation services provider.

Alaska Airlines serves destinations across Alaska, the contiguous United States, Canada, Mexico, and other locations in North America.