Airlines in general have posted stellar gains so far this earnings season and we expect the same from ALK, given the fact the have no exposure to the Boeing 737 issues.
The sector has had a dismal demise from 2018 and maybe its time for a sustained rally in the sector.
Entry level $70 = Target Price $75
Alaska Air (NYSE:ALK) is scheduled to announce Q3 earnings results on Thursday, October 24th, after market close.
The consensus EPS Estimate is $2.52 (+31.9% Y/Y) and the consensus Revenue Estimate is $2.38B (+7.7% Y/Y).
Over the last 2 years, alk has beaten EPS estimates 88% of the time and has beaten revenue estimates 50% of the time.
Over the last 3 months, EPS estimates have seen 10 upward revisions and 3 downward. Revenue estimates have seen 5 upward revisions and 2 downward.
Seeking Alpha Editor
Recent upgrades.
Rajeev Lalwani from Morgan Stanley maintained a Buy rating on Alaska Air (ALK), with a price target of $76.00. The company’s shares closed last Monday at $64.11.
Daniel Mckenzie from Buckingham maintained a Buy rating on Alaska Air (ALK), with a price target of $88.00. The company’s shares closed last Monday at $68.29.
Average analysts recommendation = Overweight $76.50 PT
P/E ratio 16.90- higher than others in sector.
Company profile
Alaska Air Group, Inc. is a holding company, which through its subsidiaries, Alaska Airlines, Inc. and Horizon Air Industries, Inc., engages in the provision of air transportation services. It operates through three segments: Alaska Mainline, Alaska Regional and Horizon. The Alaska Mainline segment includes flying Boeing 737 jets and all associated revenues and costs. The Alaska Regional segment records actual on-board passenger revenue, less costs such as fuel, distribution costs, and payments made to Horizon, SkyWest and PenAir under the respective Capacity Purchase Agreements. The Horizon segment operates turboprop Q400 aircraft. The company was founded in 1985 and is headquartered in Seattle, WA.
The sector has had a dismal demise from 2018 and maybe its time for a sustained rally in the sector.
Entry level $70 = Target Price $75
Alaska Air (NYSE:ALK) is scheduled to announce Q3 earnings results on Thursday, October 24th, after market close.
The consensus EPS Estimate is $2.52 (+31.9% Y/Y) and the consensus Revenue Estimate is $2.38B (+7.7% Y/Y).
Over the last 2 years, alk has beaten EPS estimates 88% of the time and has beaten revenue estimates 50% of the time.
Over the last 3 months, EPS estimates have seen 10 upward revisions and 3 downward. Revenue estimates have seen 5 upward revisions and 2 downward.
Seeking Alpha Editor
Recent upgrades.
Rajeev Lalwani from Morgan Stanley maintained a Buy rating on Alaska Air (ALK), with a price target of $76.00. The company’s shares closed last Monday at $64.11.
Daniel Mckenzie from Buckingham maintained a Buy rating on Alaska Air (ALK), with a price target of $88.00. The company’s shares closed last Monday at $68.29.
Average analysts recommendation = Overweight $76.50 PT
P/E ratio 16.90- higher than others in sector.
Company profile
Alaska Air Group, Inc. is a holding company, which through its subsidiaries, Alaska Airlines, Inc. and Horizon Air Industries, Inc., engages in the provision of air transportation services. It operates through three segments: Alaska Mainline, Alaska Regional and Horizon. The Alaska Mainline segment includes flying Boeing 737 jets and all associated revenues and costs. The Alaska Regional segment records actual on-board passenger revenue, less costs such as fuel, distribution costs, and payments made to Horizon, SkyWest and PenAir under the respective Capacity Purchase Agreements. The Horizon segment operates turboprop Q400 aircraft. The company was founded in 1985 and is headquartered in Seattle, WA.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.