Alaska Air Group (ALK) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Core Viewpoint - Alaska Air Group's stock performance has been volatile, with a recent decline of 2.25% while still showing a significant gain of 34.24% over the past month, outperforming both the Transportation sector and the S&P 500 [1][2] Financial Performance - The upcoming earnings report for Alaska Air Group is expected to show earnings of $0.19 per share, reflecting a year-over-year decline of 80.41% [2] - The Zacks Consensus Estimate projects full-year earnings of $2.22 per share, a decrease of 54.41% from the previous year, alongside a revenue forecast of $14.26 billion, which is an increase of 21.51% [3] Analyst Estimates - Recent adjustments to analyst estimates for Alaska Air Group indicate changing business trends, with positive revisions suggesting a favorable outlook [3][4] - The Zacks Consensus EPS estimate has decreased by 7.84% over the past month, and Alaska Air Group currently holds a Zacks Rank of 3 (Hold) [5] Valuation Metrics - Alaska Air Group has a Forward P/E ratio of 23.61, which is higher than the industry average of 12.15 [6] - The company has a PEG ratio of 1.16, compared to the Transportation - Airline industry's average PEG ratio of 0.85 [7] Industry Context - The Transportation - Airline industry is currently ranked 143 out of over 250 industries, placing it in the bottom 43% of the Zacks Industry Rank [8]