Benzinga | Oct 20, 2021 10:15AM EDT

Alaska Air Group Earnings Preview

Alaska Air Group (NYSE:ALK) is set to give its latest quarterly earnings report on Thursday, 2021-10-21. Here's what investors need to know before the announcement.

Analysts estimate that Alaska Air Group will likely report an Earnings Per Share (EPS) of $1.06

Alaska Air Group bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company missed on EPS by -58.9%, which was followed by a 0.47% increase in the share price the next day.

Here's a look at Alaska Air Group's past performance and the resulting price change:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate -0.73 -3.63 -2.87 -3.01EPS Actual -0.30 -3.51 -2.55 -3.23Price Change % 0.47% 3.36% -5.75% 2.41%

Stock Performance

Shares of Alaska Air Group were trading at $56.94 as of October 19. Over the last 52-week period, shares are up 39.2%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

If you want to track all upcoming earnings announcements, check out our Earnings Calendar here