Allegiant Travel Company (NASDAQ:ALGT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Allegiant Travel Company Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 47.32% to $1.65 in the quarter versus EPS of $1.12 in the year-earlier quarter.
Revenue: Rose 14.78% to $273 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Allegiant Travel Company reported adjusted EPS income of $1.65 per share. By that measure, the company beat the mean analyst estimate of $1.44. It beat the average revenue estimate of $266.96 million.
Quoting Management: “We are very proud to report our 41st consecutive profitable quarter,” stated Maurice J. Gallagher, Jr., Chairman and CEO of Allegiant Travel Company. “The month of March is typically our busiest month of the year, and this year was no different. Thanks to the tireless efforts of our Team Members, we have had another profitable quarter.”
Key Stats (on next page)…
Revenue increased 22.51% from $222.84 million in the previous quarter. EPS increased 117.11% from $0.76 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.62 to a profit $1.60. For the current year, the average estimate has moved down from a profit of $5.36 to a profit of $5.22 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)