Alaska Air Group (ALK) stock drops slightly, but positive earnings and revenue projections

From Nasdaq: 2024-11-29 18:00:05

Alaska Air Group (ALK) closed at $52.60, down -0.15% from the previous day, lower than the S&P 500’s gain. Shares have risen 9.96% over the past month, outperforming the Transportation sector and S&P 500. Earnings per share (EPS) for the upcoming disclosure are projected at $0.36, with revenue expected to be $3.44 billion, up 34.57%.

Analyst estimates show Alaska Air Group could see earnings of $4.26 per share and revenue of $11.64 billion for the fiscal year, with positive revisions indicating confidence in the company’s performance. The Zacks Rank system, with a current ranking of #3 (Hold) for ALK, shows a historical annual return of +25% for top-ranked stocks.

Alaska Air Group’s Forward P/E ratio of 12.38 and PEG ratio of 1.2 suggest a premium valuation compared to industry averages. The Transportation – Airline industry holds an average PEG ratio of 1.17 and ranks in the top 11% of all industries. Investors can find more detailed metrics on Zacks.com.

Nuclear energy is gaining momentum as a cleaner and more efficient energy source. Leaders from 22 countries have committed to tripling global nuclear energy capacities, presenting significant profit opportunities for investors. Our report, “Atomic Opportunity: Nuclear Energy’s Comeback,” explores key players and standout stocks poised to benefit from this transition.

To capitalize on the potential growth in nuclear energy, investors can download the free report “Atomic Opportunity: Nuclear Energy’s Comeback” today. Additionally, Zacks Investment Research offers insights and recommendations on 5 Stocks Set to Double, providing valuable information for strategic investment decisions.



Read more at Nasdaq: Alaska Air Group (ALK) Stock Drops Despite Market Gains: Important Facts to Note