At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.17% per year.
Alaska Air Group’s stock split on Thursday, July 10th 2014. The newly minted shares were distributed to shareholders after the closing bell on Wednesday, July 9th 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.
- The Zacks Consensus Estimate for third-quarter earnings has been revised 33.3% upward over the past 90 days.
- This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.
- Alaska Air Group, Inc. (ALK Quick QuoteALK – Free Report) is benefiting from investor-friendly steps and strong air-travel demand.
In fact, the company has an impressive earnings surprise history. R has surpassed the Zacks Consensus Estimate in three of the last four quarters (missing the mark once), the average beat being 11.2%. On the back of upbeat air-travel demand and favorable pricing, the company expects to boost its fleet and workforce to meet the anticipated high demand.
Alaska Air Group Return vs. S&P
What both companies get out of the merger, challenges in the airline industry, other potential winners, and more. Fuel prices have surged this spring, but Alaska Airlines’ revenue growth is keeping pace. The quarter was strong, but investors have questions about revenue guidance for the rest of the year. Weak guidance and uninspiring xm forex broker review quarterly results posted by a peer hurt the airline stock. Alkemy Capital Investments Plc develops projects in the energy transition metals sector in the United Kingdom and Australia. It engages in the construction and operation of the lithium hydroxide processing facility and the lithium ore enrichment facility.
10 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Alaska Air Group in the last year. There are currently 1 hold rating, review faithful finance 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should “buy” ALK shares.
- Our proven model predicts an earnings beat for Alaska Air this time around.
- Due to high costs, the third-quarter adjusted pre-tax margin is now expected to be in the 10-12% range (earlier guidance was 14-16%).
- The top line jumped 7% year over year, with passenger revenues accounting for 91.5% of the top line and increasing 7% due to continued recovery in air-travel demand.
- Fuel prices have surged this spring, but Alaska Airlines’ revenue growth is keeping pace.
The company is forecasted to report an EPS of $1.88, showcasing a 25.69% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $2.88 billion, indicating a 1.7% upward movement from the same quarter last year. The Zacks Consensus Estimate for ODFL’s third-quarter 2023 earnings has been revised upward by 1.4% in the past 90 days.
Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
ALK Dividend Payments
ALK expects third-quarter 2023 total revenues to increase in the 1-2% range from third-quarter 2022 actuals (the earlier projection was for a 0-3% increase). The company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the preceding four quarters and missing once, the average miss being 2.72%. The Zacks Consensus Estimate for third-quarter earnings has been revised 33.3% upward over the past 90 days. The investment community will be closely monitoring the performance of Alaska Air Group in its forthcoming earnings report. The company is scheduled to release its earnings on October 19, 2023.
Enter your email address below to receive our daily newsletter that contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news. Strong demand and falling fuel prices have U.S. airlines in a position to post big profits tradeallcrypto crypto broker in 2023. The airline industry is grappling with soaring fuel costs, but Delta, United, and Panama’s Copa are getting support at or above their 200-day moving averages. Our proven model predicts an earnings beat for Alaska Air this time around.
Q4 2023 EPS Estimate Trends
Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next days. The Zacks Consensus Estimate for KEX’s third-quarter 2023 revenues is pegged at $794.60 million, indicating growth of 6.54% year over year. Kirby Corporation (KEX Quick QuoteKEX – Free Report) has an Earnings ESP of +6.52% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Its proprietary products include ARISTADA, ARISTADA INITIO, LYBALVI, and VIVITROL. The company was founded in 1987 and is headquartered in Dublin, Ireland. The Cambridge, Mass.-based biopharmaceutical company is facing a from Mylan for its top-selling drug, multiple sclerosis treatment Tecfidera. The most recent change in the company’s dividend was an increase of $0.0250 on Tuesday, January 28, 2020.
Alaska Air Group Dividend Payout Ratio
Alkane Resources Limited was incorporated in 1969 and is headquartered in West Perth, Australia. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements.
These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook. The airline’s stock has dropped by 14.53% in the past month, falling short of the Transportation sector’s loss of 3.22% and the S&P 500’s loss of 2.4%.
The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Enter your email address below to receive the DividendStocks.com newsletter, a daily email that contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. Alaska Air generated an operating cash flow of $610 million in the quarter. ALK held $2.4 billion in unrestricted cash and marketable securities as of June 30, 2023.