Why Alaska Air Group (ALK) Dipped More Than Broader Market Today

Valuation Metrics - ALK currently trades at a PEG ratio of 0 89, lower than the industry average of 0 99 [1] - ALK is being traded at a Forward P/E ratio of 15 14, which is a premium compared to the industry average of 10 29 [3] Stock Performance - ALK's stock price reached $64 87, with a -1 46% movement compared to the previous day [4] - ALK's stock has climbed by 25 15% in the past month, outperforming the Transportation sector's loss of 6 6% and the S&P 500's loss of 0 36% [6] Earnings and Revenue Estimates - Zacks Consensus Estimates project earnings of$ 4 35 per share and revenue of $11 8 billion for the full year, showing changes of -3 97% and +13 17% respectively from the preceding year [7] - ALK's upcoming earnings per share (EPS) are projected to be$ 0 45, reflecting a 50% increase from the same quarter last year, with revenue forecasted at $3 49 billion, indicating a 36 57% growth compared to the corresponding quarter of the prior year [10] Analyst Estimates and Zacks Rank - Recent changes to analyst estimates for ALK reflect the ever-changing nature of near-term business trends, with upward revisions indicating positivity towards the company's business operations [5] - ALK holds a Zacks Rank of 3 (Hold), and the Zacks Consensus EPS estimate has shifted 2 78% upward over the past month [8] Industry Overview - The Transportation - Airline industry is part of the Transportation sector and currently holds a Zacks Industry Rank of 26, placing it in the top 11% of all 250+ industries [11] - The Zacks Industry Rank shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [12]