Alaska Air Likely To Report Lower Q3 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Alaska Air Group, Inc. (NYSE:ALK) is expected to report lower Q3 earnings at $1.86 per share, down from $2.53 per share a year ago. The company's revenue might be $2.87 billion, compared to $2.82 billion in the year-ago period. The company's shares fell 5.2% to close at $32.66 on Wednesday. Several analysts have recently lowered their price targets for the company.
October 19, 2023 | 6:18 am
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NEGATIVE IMPACT
Alaska Air Group is expected to report lower Q3 earnings, and its shares have recently fallen. Analysts have also lowered their price targets for the company.
The expected lower earnings for Q3, the recent fall in share price, and the lowering of price targets by analysts all indicate a potential negative short-term impact on Alaska Air Group's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100