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Is Alaska Air Group (ALK) Stock Outpacing Its Transportation Peers This Year?

Investors focused on the Transportation space have likely heard of Alaska Air Group (ALK), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Alaska Air Group is one of 150 companies in the Transportation group. The Transportation group currently sits at #8 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. ALK is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for ALK's full-year earnings has moved 17.11% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, ALK has moved about 6.66% on a year-to-date basis. Meanwhile, stocks in the Transportation group have gained about 5.82% on average. This means that Alaska Air Group is outperforming the sector as a whole this year.

Breaking things down more, ALK is a member of the Transportation - Airline industry, which includes 28 individual companies and currently sits at #27 in the Zacks Industry Rank. On average, this group has gained an average of 3.11% so far this year, meaning that ALK is performing better in terms of year-to-date returns.

ALK will likely be looking to continue its solid performance, so investors interested in Transportation stocks should continue to pay close attention to the company.


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