Allegiant Travel Company (NASDAQ:ALGT) provider of travel services and products, is reporting third quarter earnings results on Wednesday 28th October 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 4.88 per share.
For the full year, analysts predict revenues of $ 982.02 million, while looking forward to loss of $ 12.3 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 16.50 ~ $ 19.00 per share
Click Here For More Historical Outlooks Of Allegiant Travel Company
Previous Quarter Performance
Allegiant Travel Company revealed loss for the second quarter of $ 5.96 per share, from the revenue of $ 133.35 million. The quarterly revenues fell 72.89 percent compared with the same quarter last year. According to street consensus, ALGT was expected to report 2Q20 loss of $ 5.01 per share from revenue of $ 127.20 million. The bottom line results missed street analysts by $ 0.95 or 18.96 percent, at the same time, top line results outshined analysts by $ 6.15 million or 4.83 percent.
Stock Performance
Shares of Allegiant Travel Company traded low $ -3.72 or -2.74 percent on Tuesday, reaching $ 132.29 with volume of 166.20 thousand shares. Allegiant Travel Company has traded high as $ 136.57 and has cracked $ 131.13 on the downward trend
According to the previous trading day, closing price of $ 132.29, representing a 126.46 % increase from the 52 week low of $ 60.06 and a 25.78 % decrease over the 52 week high of $ 183.26.
The company has a market capital of $ 2.15 billion and is part of the Services sector and Regional Airlines industry.
Recent Analyst recommendations
- On 5th October 2020, maintained by Morgan Stanley at Overweight rating, with $ 174.00 target price.
- On 30th September 2020, maintained by Raymond James at Strong Buy rating, with $ 152.00 target price.
- On 15th September 2020, initiated by Seaport Global Securities at Buy rating, with $ 166.00 target price.
- On 8th September 2020, initiated by Morgan Stanley at Overweight rating, with $ 175.00 target price.
Conference Call
Allegiant Travel Company will be hosting a conference call at 4:30 PM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.allegiantair.com
Allegiant Travel Company, a leisure travel company, provides travel services and products to residents of under-served cities in the United States. The company offers scheduled air transportation on limited-frequency, nonstop flights between under-served cities and leisure destinations. As of February 15, 2019, it operated a fleet of 79 Airbus A320 series aircraft.
