Q3 EPS Estimate for Alaska Air Group Decreased by Analyst

Alaska Air Group, Inc. (NYSE:ALK) – Stock analysts at Zacks Research lowered their Q3 2027 earnings per share (EPS) estimates for Alaska Air Group in a research note issued to investors on Tuesday, October 6th. Zacks Research analyst Team now anticipates that the transportation company will post earnings per share of $1.72 for the quarter, down from their prior estimate of $1.94. The consensus estimate for Alaska Air Group’s current full-year earnings is ($2.36) per share. Zacks Research also issued estimates for Alaska Air Group’s Q3 2028 earnings at $2.28 EPS.

Several other equities analysts have also weighed in on ALK. TD Cowen reduced their price target on shares of Alaska Air Group from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. Weiss Ratings lowered shares of Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 18th. Cantor Fitzgerald set a $46.00 target price on shares of Alaska Air Group in a research note on Monday, August 24th. Susquehanna reduced their target price on shares of Alaska Air Group from $55.00 to $50.00 and set a “positive” rating for the company in a research report on Wednesday. Finally, Raymond James Financial restated an “outperform” rating on shares of Alaska Air Group in a research note on Friday, September 25th. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Alaska Air Group has an average rating of “Moderate Buy” and an average target price of $57.62.

Alaska Air Group Trading Up 0.2%

NYSE ALK opened at $39.66 on Wednesday. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of -25.26 and a beta of 1.33. Alaska Air Group has a one year low of $33.03 and a one year high of $60.63. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.55 and a quick ratio of 0.51. The business’s fifty day moving average is $42.65 and its 200-day moving average is $43.29.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share for the quarter, topping the consensus estimate of ($0.99) by $0.07. The business had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.09 billion. Alaska Air Group had a negative return on equity of 3.11% and a negative net margin of 1.19%.The business’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.42 earnings per share. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS.

Insider Activity

In other Alaska Air Group news, CEO Benito Minicucci acquired 25,000 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was bought at an average cost of $40.06 per share, with a total value of $1,001,500.00. Following the acquisition, the chief executive officer owned 256,582 shares in the company, valued at approximately $10,278,674.92. This represents a 10.80% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Andrew R. Harrison sold 5,300 shares of Alaska Air Group stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $49.67, for a total transaction of $263,251.00. Following the completion of the transaction, the executive vice president owned 25,528 shares of the company’s stock, valued at $1,267,975.76. This represents a 17.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Alaska Air Group

Institutional investors have recently made changes to their positions in the stock. Engineers Gate Manager LP grew its position in shares of Alaska Air Group by 1,445.3% in the second quarter. Engineers Gate Manager LP now owns 87,187 shares of the transportation company’s stock valued at $4,551,000 after purchasing an additional 81,545 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in Alaska Air Group during the 2nd quarter worth about $1,407,000. Public Employees Retirement System of Ohio bought a new position in Alaska Air Group in the 2nd quarter worth about $2,230,000. Amundi purchased a new position in Alaska Air Group during the 1st quarter valued at about $2,205,000. Finally, Legal & General Group Plc purchased a new position in Alaska Air Group during the 2nd quarter valued at about $4,799,000. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Trending Headlines about Alaska Air Group

Here are the key news stories impacting Alaska Air Group this week:

• Positive Sentiment: Investors purchased 6,430 call options on Alaska Air Group, about 47% above the typical volume. This indicates increased speculative interest in a potential rebound, although options activity is not necessarily a fundamental signal.
• Positive Sentiment: Susquehanna lowered its price target from $55 to $50 but retained a “positive” rating, implying substantial upside from recent trading levels. Alaska Air Group Stock Price Target Lowered at Susquehanna
• Neutral Sentiment: A Zacks article identified Alaska Air Group as a transportation stock that could potentially beat quarterly earnings estimates based on its Earnings ESP model, but it did not provide a new earnings forecast or operating update. These 2 Transportation Stocks Could Beat Earnings
• Negative Sentiment: Zacks Research reduced estimates across multiple periods, including Q3 and Q4 2026, FY2026, FY2027 and FY2028. FY2026 earnings are now projected at a $2.21 loss per share, while FY2027 and FY2028 estimates fell to $5.65 and $9.39, respectively. The revisions suggest analysts expect weaker near-term profitability and a slower recovery than previously forecast.
• Negative Sentiment: Citi maintained its “sell” rating on ALK, reinforcing the bearish analyst view. Citi Sticks to Their Sell Rating for Alaska Air

About Alaska Air Group

Alaska Air Group, Inc is an airline holding company headquartered in Seattle, Washington. Its principal subsidiaries are Alaska Airlines and Hawaiian Airlines, which provide scheduled passenger and cargo air transportation, as well as Horizon Air, a regional airline that operates flights for Alaska Airlines. The group also owns McGee Air Services, an aviation services provider.

Alaska Airlines serves destinations across Alaska, the contiguous United States, Canada, Mexico, and other locations in North America.