The latest trading session for Alaska Air Group (ALK) saw the stock ending at $67.60, with a slight 0.19% increase from the previous day. This change was less than the S&P 500’s daily gain of 1.1%. Despite this, Alaska Air Group has seen a 26.25% increase in shares over the past month, outperforming the Transportation sector. Analysts are predicting strong earnings results for the company, with an estimated EPS of $0.45 representing a 50% growth from last year. Revenue is also expected to see a significant increase of 36.57% compared to the year-ago quarter.
Investors should pay attention to any revisions in analyst forecasts, as these can impact stock prices. The Zacks Rank system, which currently rates Alaska Air Group at #3 (Hold), has a proven track record of success in predicting stock performance. The industry rank for Transportation – Airline is 29 out of over 250, placing it in the top 12%.
From a valuation perspective, Alaska Air Group is currently trading at a premium compared to its industry average. With a Forward P/E ratio of 15.52 and a PEG ratio of 0.91, the company’s expected earnings growth rate is also favorable. The Transportation sector is one to watch, as the top-rated industries tend to outperform the bottom half. For more stock-moving metrics, visit Zacks.com.
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