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Alaska Air Group, Inc. (ALK - Free Report) reported first-quarter 2018 earnings per share of 14 cents, beating the Zacks Consensus Estimate of 11 cents. Earnings however declined from the year-ago figure.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for Alaska Air Group depicted a gloomy picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for first-quarter earnings being revised 76.6% downward over the last 90 days.
Moreover, the company has an unimpressive earnings history having outperformed the Zacks Consensus Estimate in only two of the last four quarters with an average beat of 0.23%.
Revenues Higher Than Expected
Alaska Air Group recorded revenues of $1,832 million, which came marginally above the Zacks Consensus Estimate of $1,830.6 million. Also, it compared favorably with the year-ago number of $1,749 million.
Key Stats to Note: The airline witnessed a 2.1% decrease in consolidated revenue per available seat mile (RASM: a key measure of unit revenue) in the quarter. Passenger revenues climbed 5% to $1,685 million in the quarter. Cost per available seat mile (CASM), excluding fuel rose 5.1% in the quarter, while economic fuel cost per gallon surged 20.2%. The company repurchased 185,661 shares for $12 million in the first three months of 2018.
Check back later for our full write up on this Alaska Air Group earnings report later!
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Alaska Air Group (ALK) Beats on Q1 Earnings
Alaska Air Group, Inc. (ALK - Free Report) reported first-quarter 2018 earnings per share of 14 cents, beating the Zacks Consensus Estimate of 11 cents. Earnings however declined from the year-ago figure.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for Alaska Air Group depicted a gloomy picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for first-quarter earnings being revised 76.6% downward over the last 90 days.
Moreover, the company has an unimpressive earnings history having outperformed the Zacks Consensus Estimate in only two of the last four quarters with an average beat of 0.23%.
Revenues Higher Than Expected
Alaska Air Group recorded revenues of $1,832 million, which came marginally above the Zacks Consensus Estimate of $1,830.6 million. Also, it compared favorably with the year-ago number of $1,749 million.
Alaska Air Group, Inc. Price and EPS Surprise
Alaska Air Group, Inc. Price and EPS Surprise | Alaska Air Group, Inc. Quote
Key Stats to Note: The airline witnessed a 2.1% decrease in consolidated revenue per available seat mile (RASM: a key measure of unit revenue) in the quarter. Passenger revenues climbed 5% to $1,685 million in the quarter. Cost per available seat mile (CASM), excluding fuel rose 5.1% in the quarter, while economic fuel cost per gallon surged 20.2%. The company repurchased 185,661 shares for $12 million in the first three months of 2018.
Zacks Rank: Currently, Alaska Air Group has a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on this Alaska Air Group earnings report later!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>