Zacks Research Analysts Lower Earnings Estimates for ALK

Alaska Air Group, Inc. (NYSE:ALK) – Stock analysts at Zacks Research lowered their Q3 2026 earnings per share estimates for shares of Alaska Air Group in a research note issued to investors on Tuesday, October 6th. Zacks Research analyst Team now forecasts that the transportation company will post earnings per share of $0.37 for the quarter, down from their prior forecast of $0.91. The consensus estimate for Alaska Air Group’s current full-year earnings is ($2.28) per share. Zacks Research also issued estimates for Alaska Air Group’s Q4 2026 earnings at $0.01 EPS, FY2026 earnings at ($2.21) EPS, Q1 2027 earnings at $0.36 EPS, Q2 2027 earnings at $1.91 EPS, Q4 2027 earnings at $1.67 EPS, FY2027 earnings at $5.65 EPS, Q1 2028 earnings at $2.46 EPS, Q2 2028 earnings at $2.05 EPS and FY2028 earnings at $9.39 EPS.

Other analysts also recently issued research reports about the stock. BMO Capital Markets set a $50.00 price target on shares of Alaska Air Group and gave the stock an “outperform” rating in a report on Monday, September 28th. Susquehanna reduced their target price on Alaska Air Group from $55.00 to $50.00 and set a “positive” rating on the stock in a report on Wednesday. The Goldman Sachs Group reiterated a “buy” rating and issued a $69.00 price target (up from $58.00) on shares of Alaska Air Group in a research note on Thursday, July 2nd. Citigroup dropped their price objective on Alaska Air Group from $47.00 to $37.00 and set a “sell” rating for the company in a research report on Friday, July 24th. Finally, UBS Group reiterated a “buy” rating and issued a $54.00 target price (up from $52.00) on shares of Alaska Air Group in a research report on Tuesday, September 22nd. Ten analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $57.62.

Alaska Air Group Trading Down 0.8%

ALK opened at $39.57 on Thursday. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of -25.20 and a beta of 1.33. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 1.58. Alaska Air Group has a twelve month low of $33.03 and a twelve month high of $60.63. The company has a 50-day simple moving average of $42.80 and a 200 day simple moving average of $43.27.

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

Insider Buying and Selling at Alaska Air Group

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

Hedge Funds Weigh In On Alaska Air Group

Hedge funds have recently bought and sold shares of the company. Compound Global Advisors LLC bought a new stake in shares of Alaska Air Group during the 2nd quarter valued at about $39,000. Cedar Mountain Advisors LLC boosted its holdings in shares of Alaska Air Group by 963.3% during the 2nd quarter. Cedar Mountain Advisors LLC now owns 840 shares of the transportation company’s stock worth $44,000 after buying an additional 761 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Alaska Air Group by 32.5% during the 1st quarter. Parallel Advisors LLC now owns 1,570 shares of the transportation company’s stock worth $58,000 after buying an additional 385 shares during the period. Global Retirement Partners LLC bought a new stake in shares of Alaska Air Group in the 2nd quarter valued at $128,000. Finally, Byrne Asset Management LLC acquired a new position in shares of Alaska Air Group during the 3rd quarter valued at $109,000. Institutional investors own 81.90% of the company’s stock.

Key Alaska Air Group News

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

• Positive Sentiment: Susquehanna lowered its price target from $55 to $50 but maintained a Positive rating, implying substantial potential upside from recent trading levels. Alaska Air Group Stock Price Target Lowered at Susquehanna
• Neutral Sentiment: Zacks Research continues to project a significant rebound after 2026, forecasting earnings of $5.65 per share in fiscal 2027 and $9.39 per share in fiscal 2028, although both figures were reduced from prior estimates. Q3 EPS Estimates for Alaska Air Group Cut by Zacks Research
• Negative Sentiment: Zacks cut its fiscal 2026 EPS forecast to a $2.21 loss from a $1.54 loss, while reducing its Q3 and Q4 2026 estimates to $0.37 and $0.01, respectively. These revisions suggest weaker-than-expected near-term earnings momentum.
• Negative Sentiment: The reductions extended into 2027 and 2028: Q1 2027 EPS was lowered to $0.36 from $0.52, fiscal 2027 EPS to $5.65 from $6.20, and fiscal 2028 EPS to $9.39 from $9.99. Q2 2027, Q4 2027, Q1 2028, and Q2 2028 forecasts were also trimmed.
• Negative Sentiment: Citi reiterated its Sell rating on Alaska Air, adding to the cautious analyst backdrop. 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.