Alaska Air Group (ALK) stock up 1.72% and outperforming S&P 500, with positive future estimates.

From Nasdaq: 2024-04-05 18:15:20

In the latest trading session, Alaska Air Group (ALK) closed at $42.48, up 1.72% from the previous day, outperforming the S&P 500. Shares have gained 12.02% over the past month. Analysts predict quarterly EPS of -$0.78 on revenue of $2.18 billion. Estimate revisions can impact share price momentum. ALK holds a Zacks Rank of 3 (Hold).

The airline industry is closely watching Alaska Air Group’s upcoming earnings release. Estimates forecast $4.62 EPS and $10.72 billion revenue for the year. ALK currently trades at a Forward P/E ratio of 9.04, signaling a premium compared to industry peers. With a PEG ratio of 0.81, ALK shows potential for future growth. Follow ALK on Zacks.com for more insights.

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