Zacks Research Predicts Higher Earnings for Alaska Air Group

Alaska Air Group, Inc. (NYSE:ALK) – Zacks Research increased their Q2 2026 earnings per share (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 post earnings of ($0.88) per share for the quarter, up from their previous forecast of ($1.00). Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Alaska Air Group’s current full-year earnings is ($0.70) per share. Zacks Research also issued estimates for Alaska Air Group’s Q3 2026 earnings at $0.40 EPS, Q4 2026 earnings at ($0.38) EPS, FY2026 earnings at ($2.54) EPS, Q2 2027 earnings at $1.71 EPS and FY2027 earnings at $6.31 EPS.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Monday, April 20th. The transportation company reported ($1.68) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.61) by ($0.07). Alaska Air Group had a return on equity of 4.96% and a net margin of 0.51%.The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the previous year, the company earned ($0.77) earnings per share. The firm’s 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.

Other equities analysts also recently issued reports about the stock. The Goldman Sachs Group dropped their price objective on shares of Alaska Air Group from $68.00 to $61.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. UBS Group reissued a “buy” rating and issued a $62.00 price objective (up from $56.00) on shares of Alaska Air Group in a research note on Tuesday, June 23rd. Bank of America lowered their target price on Alaska Air Group from $70.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Susquehanna dropped their target price on Alaska Air Group from $55.00 to $50.00 and set a “positive” rating on the stock in a research report on Wednesday, April 22nd. Finally, Citigroup reiterated a “sell” rating and issued a $47.00 price target (up from $32.00) on shares of Alaska Air Group in a report on Friday. Eleven research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Alaska Air Group presently has an average rating of “Moderate Buy” and an average target price of $63.62.

Alaska Air Group Trading Down 0.1%

NYSE:ALK opened at $53.82 on Monday. Alaska Air Group has a one year low of $33.03 and a one year high of $65.88. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.39 and a current ratio of 0.43. The firm has a market cap of $6.00 billion, a P/E ratio of 101.54 and a beta of 1.29. The firm has a 50-day simple moving average of $43.30 and a 200-day simple moving average of $46.24.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Atlas Capital Advisors Inc. purchased a new stake in Alaska Air Group during the fourth quarter valued at approximately $26,000. Foster Dykema Cabot & Partners LLC purchased a new position in Alaska Air Group in the third quarter worth $28,000. First Command Advisory Services Inc. grew its holdings 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 purchasing an additional 485 shares during the last quarter. SBI Securities Co. Ltd. increased its position in shares of Alaska Air Group by 30.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock worth $46,000 after purchasing an additional 212 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Alaska Air Group by 32.5% during the first quarter. Parallel Advisors LLC now owns 1,570 shares of the transportation company’s stock worth $58,000 after purchasing an additional 385 shares in the last quarter. Institutional investors own 81.90% of the company’s stock.

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.