Alaska Air Group (NYSE: ALK ) is expected to report Q2 earnings on July 25. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Alaska Air Group's revenues will increase 4.2% and EPS will grow 0.7%.
The average estimate for revenue is $1.26 billion. On the bottom line, the average EPS estimate is $1.54.
Last quarter, Alaska Air Group logged revenue of $1.13 billion. GAAP reported sales were 9.0% higher than the prior-year quarter's $1.04 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.62. GAAP EPS of $0.51 for Q1 were 8.9% lower than the prior-year quarter's $0.56 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 22.1%, 80 basis points better than the prior-year quarter. Operating margin was 6.7%, 170 basis points better than the prior-year quarter. Net margin was 3.3%, 60 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $4.94 billion. The average EPS estimate is $5.21.
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 $63.50.
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