Allegiant Travel Co reports results for the quarter ended June 30 - Earnings Summary

• Allegiant Travel Co ALGT.OQ reported quarterly adjusted earnings of $1.23​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.77. The mean expectation of thirteen analysts for the quarter was for earnings of 76 cents per share. Wall Street expected results to range from 49 cents to $1.08 per share.

• Revenue rose 3.5% to $689.38 million from a year ago; analysts expected $684.30 million.

• Allegiant Travel Co's reported EPS for the quarter was a loss of $3.62​.

• The company reported a quarterly loss of $65.17 million.

• Allegiant Travel Co shares had fallen by 12.4% this quarter and lost 48.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 65% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 10 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the airlines peer group is "buy."

• Wall Street's median 12-month price target for Allegiant Travel Co is $56.00, about 14.1% above its last closing price of $48.12

This summary was machine generated from LSEG data August 4 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)