Reported Earlier, Alaska Air Group Cuts FY24 EPS Guidance By $0.25 At The Midpoint; Now Sees $3.50 - $4.50, Est $4.49
Portfolio Pulse from Benzinga Newsdesk
Alaska Air Group has reduced its FY24 EPS guidance by $0.25 at the midpoint, now expecting earnings between $3.50 and $4.50, compared to the previous estimate of $4.49.
July 18, 2024 | 9:27 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Alaska Air Group has lowered its FY24 EPS guidance by $0.25 at the midpoint, now projecting earnings between $3.50 and $4.50, down from the previous estimate of $4.49.
The reduction in EPS guidance suggests lower-than-expected profitability, which is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100