Alaska Air Group Inc reports results for the quarter ended June 30 - Earnings Summary

• Alaska Air Group Inc ALK.N reported quarterly adjusted earnings of $1.78​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $2.55. The mean expectation of sixteen analysts for the quarter was for earnings of $1.54 per share. Wall Street expected results to range from $1.35 to $1.75 per share.

• Revenue rose 27.9% to $3.70 billion from a year ago; analysts expected $3.66 billion.

• Alaska Air Group Inc's reported EPS for the quarter was $1.42​.

• The company reported quarterly net income of $172 million.

• Alaska Air Group Inc shares had risen by 7.2% this quarter and lost 18.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 36.9% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the airlines peer group is also "buy"

• Wall Street's median 12-month price target for Alaska Air Group Inc is $60.00, about 10.2% above its last closing price of $53.88

This summary was machine generated from LSEG data July 23 at 10:34 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)