Allegiant Travel (ALGT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
With ALGT's shares appreciating lately, we assess the current positioning of the stock to determine if it's a good investment choice at this juncture.
ALGT now anticipates third-quarter 2024 fuel cost per gallon to be $2.70 (prior view: $2.80).
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Investors would do well to monitor broker-loved stocks like ASIX, ALGT, CVI, WBD and DXC for high returns.
Allegiant Travel's (ALGT) proactive measures to expand its fleet are praiseworthy. However, elevated labor and fuel costs are hurting the company's prospects.
Allegiant's (ALGT) load factor for July 2024 came in at 87.5%.
Allegiant Air stock is undervalued, down -55% YTD and trading at a 12-year low, with potential for significant growth and profitability. Q2 results show operating improvements, cost stabilization, and revenue growth potential, despite ongoing challenges in the industry. ALGT's balance sheet provides a substantial margin of safety, with strong asset value, manageable debt, and potential acquisition interest from competitors.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Allegiant Travel Company (NASDAQ:ALGT ) Q2 2024 Earnings Conference Call July 31, 2024 4:30 PM ET Company Participants Sherry Wilson – Managing Director-Investor Relations Maury Gallagher – Executive Chairman and Chief Executive Officer Greg Anderson – President and Incoming Chief Executive Officer Scott DeAngelo – Executive Vice President and Chief Marketing Officer Drew Wells – Senior Vice President and Chief Revenue Officer Robert Neal – Senior Vice President and Chief Financial Officer Micah Richins – President-Sunseeker Resorts Conference Call Participants Shannon Doherty – Deutsche Bank Katherine Kallergis – Morgan Stanley Scott Group – Wolfe Research Savi Syth – Raymond James Conor Cunningham – Melius Research Duane Pfennigwerth – Evercore Dan McKenzie – Seaport Global Andrew Didora – Bank of America Operator Thank you for standing by. My name is Amy, and I will be your conference operator for today.
The headline numbers for Allegiant Travel (ALGT) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Allegiant Travel (ALGT) came out with quarterly earnings of $1.77 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $4.35 per share a year ago.