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

• Alaska Air Group Inc ALK.N reported a quarterly adjusted loss of 31 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $1.05. The mean expectation of seventeen analysts for the quarter was for earnings of 28 cents per share. Wall Street expected results to range from 10 cents to 50 cents per share.

• Revenue rose 14.4% to $4.31 billion from a year ago; analysts expected $4.31 billion.

• Alaska Air Group Inc's reported EPS for the quarter was a loss of $1.32​.

• The company reported a quarterly loss of $147 million.

• Alaska Air Group Inc shares had fallen by 12.2% this quarter and lost 32.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 69% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy," 1 "hold" and 1 "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 $50.00, about 31.3% above its last closing price of $34.36

This summary was machine generated from LSEG data October 21 at 12:03 a.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)