Alaska Air Group, Inc. (ALK) is Attracting Investor Attention: Here is What You Should Know

Core Viewpoint - Alaska Air Group (ALK) has shown a strong performance recently, with shares returning +6% over the past month, outperforming the Zacks S&P 500 composite's +0.9% change and the Zacks Transportation - Airline industry's +1.1% gain [1] Earnings Estimates Revisions - Alaska Air is expected to report a loss of $0.58 per share for the current quarter, reflecting a year-over-year change of +24.7%, with the Zacks Consensus Estimate changing by -387.5% over the last 30 days [4] - For the current fiscal year, the consensus earnings estimate is $4.7, indicating a +92.6% change from the previous year, with a +15% change in the estimate over the last 30 days [4] - The consensus earnings estimate for the next fiscal year is $7.46, showing a +58.7% change from the prior year, with a +1.2% change in the estimate over the past month [5] Revenue Growth Forecast - The consensus sales estimate for Alaska Air is $3.32 billion for the current quarter, representing a year-over-year change of +5.9% [10] - For the current fiscal year, the revenue estimates are $15.48 billion and $16.29 billion, indicating changes of +8.7% and +5.3%, respectively [10] Last Reported Results and Surprise History - In the last reported quarter, Alaska Air generated revenues of $3.63 billion, a year-over-year change of +2.8%, with an EPS of $0.43 compared to $0.97 a year ago [11] - The reported revenues were a surprise of -0.51% compared to the Zacks Consensus Estimate, while the EPS surprise was +290.91% [11] - Over the last four quarters, Alaska Air surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [12] Valuation - Alaska Air is graded A in the Zacks Value Style Score, indicating it is trading at a discount to its peers [16]