Alaska Air Group (NYSE: ALK) is expected to report Q4 earnings on Jan. 24. 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 grow 8.2% and EPS will grow 41.2%.

The average estimate for revenue is $1.13 billion. On the bottom line, the average EPS estimate is $0.72.

Revenue details
Last quarter, Alaska Air Group notched revenue of $1.27 billion. 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 details
Last quarter, non-GAAP EPS came in at $2.09. 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.

Recent performance
For the preceding quarter, gross margin was 32.9%, about the same as the prior-year quarter. Operating margin was 19.5%, 30 basis points better than the prior-year quarter. Net margin was 12.8%, 630 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $4.66 billion. The average EPS estimate is $4.73.

Investor sentiment

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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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. TMFDisclosureHere