Alaska Air Group (NYSE: ALK ) reported earnings on July 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Alaska Air Group met expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share improved significantly.
Margins expanded across the board.
Alaska Air Group recorded revenue of $1.21 billion. The eight analysts polled by S&P Capital IQ predicted revenue of $1.21 billion on the same basis. GAAP reported sales were 9.3% higher than the prior-year quarter's $1.11 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.53. The 14 earnings estimates compiled by S&P Capital IQ predicted $1.50 per share. GAAP EPS of $0.93 for Q2 were 138% higher than the prior-year quarter's $0.39 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 23.6%, 110 basis points better than the prior-year quarter. Operating margin was 9.5%, 190 basis points better than the prior-year quarter. Net margin was 5.6%, 300 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.29 billion. On the bottom line, the average EPS estimate is $2.17.
Next year's average estimate for revenue is $4.66 billion. The average EPS estimate is $4.85.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Alaska Air Group is outperform, with an average price target of $47.50.
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