Zacks Research Expects Weaker Earnings for Alaska Air Group

Alaska Air Group, Inc. (NYSE:ALK) – Equities research analysts at Zacks Research decreased their FY2026 earnings estimates for shares of Alaska Air Group in a research note issued on Tuesday, November 10th. Zacks Research analyst Team now expects that the transportation company will earn ($4.35) per share for the year, down from their prior estimate of ($2.21). Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for Alaska Air Group’s current full-year earnings is ($4.45) per share. Zacks Research also issued estimates for Alaska Air Group’s Q4 2026 earnings at ($2.11) EPS, Q1 2027 earnings at ($2.50) EPS, Q2 2027 earnings at $1.97 EPS, Q3 2027 earnings at $2.70 EPS, Q4 2027 earnings at ($0.35) EPS, FY2027 earnings at $1.81 EPS, Q1 2028 earnings at $3.42 EPS, Q2 2028 earnings at $2.14 EPS, Q3 2028 earnings at $2.46 EPS and FY2028 earnings at $7.84 EPS.

ALK has been the subject of a number of other reports. Wall Street Zen cut shares of Alaska Air Group from a “sell” rating to a “strong sell” rating in a research note on Monday, October 5th. Cantor Fitzgerald set a $41.00 target price on Alaska Air Group in a research note on Thursday, October 29th. TD Cowen reaffirmed a “buy” rating and issued a $41.00 target price (down from $44.00) on shares of Alaska Air Group in a research note on Thursday, October 29th. Raymond James Financial reiterated an “outperform” rating on shares of Alaska Air Group in a report on Friday, September 25th. Finally, Weiss Ratings downgraded Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 18th. Ten analysts have rated the stock with a Buy rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $52.38.

Alaska Air Group Stock Down 1.1%

Shares of NYSE ALK opened at $41.08 on Thursday. The firm’s 50-day moving average is $38.77 and its two-hundred day moving average is $43.75. The company has a market capitalization of $4.63 billion, a PE ratio of -11.70 and a beta of 1.43. Alaska Air Group has a 12-month low of $32.33 and a 12-month high of $60.63. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.46 and a quick ratio of 0.42.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Tuesday, October 20th. The transportation company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.31 billion. Alaska Air Group had a negative return on equity of 5.42% and a negative net margin of 2.58%. The business’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.05 EPS.

Hedge Funds Weigh In On Alaska Air Group

A number of institutional investors have recently modified their holdings of the company. Engineers Gate Manager LP grew its stake in Alaska Air Group by 1,445.3% in the 2nd quarter. Engineers Gate Manager LP now owns 87,187 shares of the transportation company’s stock worth $4,551,000 after acquiring an additional 81,545 shares during the period. Assenagon Asset Management S.A. acquired a new position in Alaska Air Group in the 2nd quarter valued at $1,407,000. Public Employees Retirement System of Ohio acquired a new position in Alaska Air Group in the 2nd quarter valued at $2,230,000. Bank of America Corp DE purchased a new position in shares of Alaska Air Group during the 2nd quarter worth $32,751,000. Finally, Amundi purchased a new position in shares of Alaska Air Group during the 1st quarter worth $2,205,000. Institutional investors and hedge funds own 81.90% of the company’s stock.

Insider Activity

In other news, CEO Benito Minicucci purchased 25,000 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were bought at an average cost of $40.06 per share, with a total value of $1,001,500.00. Following the purchase, the chief executive officer directly owned 256,582 shares of the company’s stock, valued at approximately $10,278,674.92. This trade represents a 10.80% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by corporate insiders.

Key Stories Impacting Alaska Air Group

Investors following ALK have been watching these stories:

• Positive Sentiment: Zacks Research raised estimates for Q2 and Q3 2027 and Q1–Q3 2028, including lifting its Q1 2028 forecast to $3.42 per share from $2.46. These increases point to stronger expected earnings in some future quarters.
• Negative Sentiment: Zacks sharply cut its FY2026 EPS forecast to a loss of $4.35 from a loss of $2.21, and its FY2027 estimate to $1.81 from $5.65. It also reduced its Q4 2026 estimate to a loss of $2.11 and Q4 2027 to a loss of $0.35, while lowering FY2028 EPS to $7.84 from $9.39. Zacks maintains a “Strong Sell” rating.
• Negative Sentiment: UBS lowered its price target on Alaska Air Group to $48, adding to the cautious analyst tone. Alaska Air Group stock: UBS lowers target to 48 dollars

Alaska Air Group Company Profile

Alaska Air Group is an airline holding company whose operations include Alaska Airlines, Hawaiian Airlines and regional carrier Horizon Air. Its businesses provide scheduled passenger and air-cargo services, along with related travel offerings. Based in Seattle, the group serves destinations across the United States and connects travelers to locations in Canada, Mexico, Central America and the Pacific, including Hawaii. Its airlines operate under their respective brands and serve a mix of domestic and international routes.