Alaska Air Group (ALK) reported quarterly earnings of $1.05 per share, missing the Zacks Consensus Estimate of $1.11. Last year, earnings were $2.25 per share. Revenues were $3.77 billion, surpassing estimates by 0.32%. The stock has lost 26.4% this year. The future outlook depends on management’s earnings call commentary.

Alaska Air has surpassed EPS estimates twice in the last four quarters. The current Zacks Rank for the stock is #5 (Strong Sell). Controladora Vuela (VLRS) is expected to report a quarterly loss of $0.04 per share, a -112.5% change year-over-year. Revenues are expected to be $785.01 million, down 3.4% from last year.

Investors should monitor earnings estimate revisions for Alaska Air. The stock’s performance is tied to industry outlook, with the Transportation – Airline sector currently in the bottom 37% of Zacks industry ranks. Download Zacks Investment Research’s report for insights on the 7 best stocks to buy for the next 30 days.

Read more at Nasdaq: Alaska Air Group (ALK) Lags Q3 Earnings Estimates