Zacks Research Has Positive Forecast for ALK Q3 Earnings

Alaska Air Group, Inc. (NYSE:ALK) – Stock analysts at Zacks Research upped their Q3 2027 EPS estimates for Alaska Air Group in a report released on Thursday, June 25th. Zacks Research analyst Team now anticipates that the transportation company will earn $2.34 per share for the quarter, up from their previous estimate of $2.30. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Alaska Air Group’s current full-year earnings is ($0.72) per share. Zacks Research also issued estimates for Alaska Air Group’s Q4 2027 earnings at $1.52 EPS, Q1 2028 earnings at $1.06 EPS and FY2028 earnings at $9.75 EPS.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Monday, April 20th. The transportation company reported ($1.68) EPS for the quarter, missing the consensus estimate of ($1.61) by ($0.07). Alaska Air Group had a net margin of 0.51% and a return on equity of 4.96%. The firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the prior year, the business earned ($0.77) earnings per share. The business’s quarterly revenue was up 5.2% on a year-over-year basis. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS.

ALK has been the subject of a number of other research reports. Wall Street Zen raised Alaska Air Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 6th. Evercore set a $60.00 target price on Alaska Air Group in a research report on Friday, April 17th. Morgan Stanley lowered their price objective on shares of Alaska Air Group from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Susquehanna dropped their price objective on shares of Alaska Air Group from $55.00 to $50.00 and set a “positive” rating on the stock in a research note on Wednesday, April 22nd. Finally, The Goldman Sachs Group reduced their price objective on shares of Alaska Air Group from $68.00 to $61.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Eleven analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Alaska Air Group has an average rating of “Moderate Buy” and an average price target of $62.46.

Alaska Air Group Stock Up 3.4%

ALK stock opened at $53.31 on Friday. The stock’s 50 day simple moving average is $43.08 and its 200 day simple moving average is $46.21. The company has a market cap of $5.94 billion, a P/E ratio of 100.59 and a beta of 1.29. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.39 and a current ratio of 0.43. Alaska Air Group has a fifty-two week low of $33.03 and a fifty-two week high of $65.88.

Hedge Funds Weigh In On Alaska Air Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Atlas Capital Advisors Inc. bought a new position in Alaska Air Group during the fourth quarter valued at about $26,000. Foster Dykema Cabot & Partners LLC purchased a new stake in Alaska Air Group during the third quarter worth about $28,000. First Command Advisory Services Inc. raised its position in Alaska Air Group by 242.5% in the fourth quarter. First Command Advisory Services Inc. now owns 685 shares of the transportation company’s stock worth $34,000 after acquiring an additional 485 shares during the period. SBI Securities Co. Ltd. raised its position in Alaska Air Group by 30.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock worth $46,000 after acquiring an additional 212 shares during the period. Finally, Parallel Advisors LLC boosted its stake in Alaska Air Group by 32.5% in the first quarter. Parallel Advisors LLC now owns 1,570 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 385 shares during the last quarter. 81.90% of the stock is owned by hedge funds and other institutional investors.

About Alaska Air Group

Alaska Air Group is a publicly traded holding company headquartered in Seattle, Washington, that operates two main airlines—Alaska Airlines and Horizon Air. Through these carriers, the company offers scheduled passenger and cargo services across a network spanning the United States, Canada and Mexico. Its core business activities include domestic and international air transportation, loyalty program management under the Mileage Plan brand, and ancillary revenue streams such as baggage fees, in-flight sales and code-share partnerships with other global airlines.

The roots of Alaska Air Group trace back to the foundation of its flagship carrier, Alaska Airlines, in 1932.