Alaska Air Group
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Alaska Air Group met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew significantly.
Margins grew across the board.
Alaska Air Group notched revenue of $1.27 billion. The nine analysts polled by S&P Capital IQ predicted sales of $1.28 billion on the same basis. GAAP reported sales were 6.2% higher than the prior-year quarter's $1.20 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 $2.09. The 13 earnings estimates compiled by S&P Capital IQ predicted $2.10 per share. GAAP EPS of $2.27 for Q3 were 114% higher than the prior-year quarter's $1.06 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 34.6%, 880 basis points better than the prior-year quarter. Operating margin was 21.2%, 910 basis points better than the prior-year quarter. Net margin was 12.8%, 630 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.13 billion. On the bottom line, the average EPS estimate is $0.78.
Next year's average estimate for revenue is $4.66 billion. The average EPS estimate is $4.80.
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 $47.13.
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