Alaska Air Group, Inc. (NYSE:ALK) is expected to report third quarter earnings results, before market open, on Thursday 22nd October 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 3.01 per share.
Looking ahead, the full year loss are expected at $ 9.23 per share on the revenues of $ 3705.95 million.
Previous Quarter Performance
Alaska Air Group, Inc. posted loss for the second quarter of $ 3.54 per share, from the revenue of $ 421.00 million. The quarterly revenues declined 81.60 percent compared with the same quarter last year. Wall street analysts are predicting, ALK to report 2Q20 loss of $ 3.60 per share from revenue of $ 349.21 million. The bottom line results beat street analysts by $ 0.06 or 1.67 percent, at the same time, top line results outshined analysts by $ 71.79 million or 20.56 percent.
Stock Performance
Shares of Alaska Air Group, Inc. traded low $ -0.36 or -0.89 percent on Wednesday, reaching $ 39.58 with volume of 1.13 million shares. The stock opened down for the day at $ 39.69, after closing the previous day trading at $ 39.93.
According to the previous trading day, closing price of $ 39.93, representing a 99.45 % increase from the 52 week low of $ 20.02 and a 44.71 % decrease over the 52 week high of $ 72.22.
The company has a market capital of $ 4.89 billion and is part of the Services sector and Regional Airlines industry.
Recent Analyst recommendations
- On 13th October 2020, upgraded by Susquehanna Bancshares to Positive from Neutral rating.
- On 30th September 2020, maintained by Raymond James at Strong Buy rating, with $ 50.00 target price.
- On 15th September 2020, initiated by Seaport Global Securities at Buy rating, with $ 53.00 target price.
- On 8th September 2020, initiated by Morgan Stanley at Equal-Weight rating, with $ 46.00 target price.
Conference Call
Alaska Air Group, Inc. will be hosting a conference call at 11:30 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.alaskaair.com
Alaska Air Group, Inc., through its subsidiaries, provides passenger and cargo air transportation services. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 115 destinations across the United States, Mexico, Canada, and Costa Rica.
