Alaska Air Slumps 28.15% Monthly, EPS Estimate Dips 5.19%
The stock fell 2.13% in its most recent session, underperforming the S&P 500’s 0.21% decline, and has dropped 28.15% over the past month, trailing both the transportation sector’s 5.18% loss and the S&P’s 2.26% loss. Analysts project next-quarter EPS of –$0.81 on $3.3 billion revenue, and full-year EPS of $5.50 on $15.42 billion sales.
1. Stock Performance
Alaska Air’s stock declined 2.13% in the latest session, underperforming the S&P 500’s 0.21% drop, while the Dow fell 0.07% and the Nasdaq gained 0.01%. Over the past month, the shares have slid 28.15%, lagging the transportation sector’s 5.18% loss and the S&P 500’s 2.26% decline.
2. Quarterly Estimate
For the upcoming quarter, analysts forecast an EPS of –$0.81, a 5.19% year-over-year drop, on projected revenue of $3.3 billion, marking a 5.23% increase from the same period last year.
3. Full-Year Forecast
Consensus estimates call for full-year earnings of $5.50 per share, a 125.41% increase, and revenue of $15.42 billion, up 8.32% from the prior year, reflecting expectations of a strong rebound in travel demand.
4. Valuation and Rankings
The forward P/E ratio stands at 7.87, under the industry average of 8.28, while the PEG ratio is 0.39 versus the sector’s 0.48. The company holds a Zacks Rank #3 (Hold) and the transportation-airline industry ranks 21st, placing it in the top 9% of over 250 industries.