Zacks Research Issues Pessimistic Estimate for ALK Earnings

Alaska Air Group, Inc. (NYSE:ALK) – Stock analysts at Zacks Research dropped their Q2 2026 EPS estimates for Alaska Air Group in a research note issued on Monday, May 4th. Zacks Research analyst Team now forecasts that the transportation company will post earnings of ($1.00) per share for the quarter, down from their prior estimate of $1.84. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for Alaska Air Group’s current full-year earnings is ($0.22) per share. Zacks Research also issued estimates for Alaska Air Group’s Q3 2026 earnings at $0.36 EPS, Q4 2026 earnings at ($0.42) EPS, FY2026 earnings at ($2.73) EPS, Q2 2027 earnings at $1.66 EPS, Q3 2027 earnings at $2.30 EPS, Q4 2027 earnings at $1.49 EPS, FY2027 earnings at $6.19 EPS and Q1 2028 earnings at $1.03 EPS.

Other research analysts have also issued research reports about the stock. Wall Street Zen lowered shares of Alaska Air Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, April 14th. Citigroup lowered shares of Alaska Air Group from a “buy” rating to a “sell” rating and cut their price target for the stock from $51.00 to $32.00 in a report on Friday, May 1st. BMO Capital Markets increased their price objective on Alaska Air Group from $42.50 to $55.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Morgan Stanley cut their target price on Alaska Air Group from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Finally, TD Cowen decreased their price target on Alaska Air Group from $63.00 to $54.00 and set a “buy” rating for the company in a research note on Monday, March 9th. Eleven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.85.

Alaska Air Group Price Performance

Alaska Air Group stock opened at $38.47 on Wednesday. The stock has a 50-day moving average price of $41.57 and a two-hundred day moving average price of $46.01. Alaska Air Group has a 12 month low of $33.03 and a 12 month high of $65.88. The company has a market capitalization of $4.36 billion, a PE ratio of 72.58 and a beta of 1.25. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 1.29.

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

Insider Transactions at Alaska Air Group

In other Alaska Air Group news, EVP Andrew R. Harrison sold 5,500 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $56.63, for a total transaction of $311,465.00. Following the sale, the executive vice president owned 30,828 shares of the company’s stock, valued at approximately $1,745,789.64. This represents a 15.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Shane R. Tackett sold 24,000 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $57.15, for a total value of $1,371,600.00. Following the sale, the chief financial officer owned 43,377 shares of the company’s stock, valued at approximately $2,478,995.55. The trade was a 35.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 56,945 shares of company stock worth $3,204,569 over the last three months. 1.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Alaska Air Group

Several institutional investors and hedge funds have recently made changes to their positions in ALK. Vanguard Group Inc. grew its stake in Alaska Air Group by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 11,059,404 shares of the transportation company’s stock worth $556,288,000 after purchasing an additional 110,628 shares during the period. Dimensional Fund Advisors LP lifted its stake in Alaska Air Group by 0.9% in the third quarter. Dimensional Fund Advisors LP now owns 6,273,084 shares of the transportation company’s stock valued at $312,280,000 after buying an additional 56,225 shares during the period. Capital Research Global Investors lifted its stake in Alaska Air Group by 86.8% in the fourth quarter. Capital Research Global Investors now owns 3,175,350 shares of the transportation company’s stock valued at $159,720,000 after buying an additional 1,475,350 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Alaska Air Group by 24.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,962,620 shares of the transportation company’s stock worth $149,020,000 after buying an additional 588,119 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Alaska Air Group by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 2,149,777 shares of the transportation company’s stock worth $108,166,000 after buying an additional 35,352 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.