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Alaska Air Group (NYSE:ALK) is set to give its latest quarterly earnings report on Thursday, 2023-01-26. Here’s what investors need to know before the announcement.
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Analysts estimate that Alaska Air Group will report an earnings per share (EPS) of $0.93.
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Alaska Air Group bulls will hope to hear the company announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
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New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
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Past Earnings Performance
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Last quarter the company beat EPS by $0.13, which was followed by a 2.83% increase in the share price the next day.
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Here’s a look at Alaska Air Group’s past performance and the resulting price change:
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| Quarter | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|
| EPS Estimate | 2.40 | 1.95 | -1.50 | 0.29 |
| EPS Actual | 2.53 | 2.19 | -1.33 | 0.24 |
| Price Change % | 2.83% | -1.02% | -3.79% | -0.67% |
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Stock Performance
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Shares of Alaska Air Group were trading at $49.73 as of January 24. Over the last 52-week period, shares are down 5.5%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.
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To track all earnings releases for Alaska Air Group visit their earnings calendar on our site.
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This article was generated by Benzinga’s automated content engine and reviewed by an editor.