Alaska Air(US:ALK) ZACKS·2026-01-15 16:01Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Alaska Air Group (ALK) despite higher revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Alaska Air is expected to report quarterly earnings of $0.11 per share, reflecting a significant year-over-year decline of 88.7% [3]. - Revenue projections stand at $3.64 billion, indicating a 3.1% increase from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 116.96% over the last 30 days, indicating a bearish sentiment among analysts [4]. - The Most Accurate Estimate for Alaska Air is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -6.04% [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation from consensus estimates, with positive readings being more predictive of earnings beats [9][10]. - Alaska Air's current Zacks Rank is 3 (Hold), complicating predictions of an earnings beat [12]. Historical Performance - In the last reported quarter, Alaska Air was expected to earn $1.11 per share but reported $1.05, resulting in a surprise of -5.41% [13]. - Over the past four quarters, Alaska Air has beaten consensus EPS estimates twice [14]. Industry Context - In the broader airline industry, United Airlines (UAL) is expected to report earnings of $2.98 per share, reflecting a year-over-year decline of 8.6% [18]. - United Airlines' revenue is projected at $15.38 billion, up 4.7% from the previous year, but it also has a negative Earnings ESP of -1.75% [19][20].