Why Shares of Allegiant Travel Co. Soared 13.4% in April [The Motley Fool]
Allegiant Travel Company (ALGT)
Last allegiant travel company earnings: 1/29 04:01 pm
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US:NASDAQ Investor Relations:
ir.allegiantair.com
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Source: The Motley Fool
Why Shares of Allegiant Travel Co. Soared 13.4% in April Wall Street cheered the company's strong airline results and looked past an earnings miss. Shares of Allegiant Travel Co. ( NASDAQ:ALGT ) climbed 13.4% in April, according to data provided by S&P Global Market Intelligence , despite the company reporting first-quarter results that fell short of expectations. Wall Street was more focused on the company's industry-best margins and healthy outlook for the future than it was on one-time results. Allegiant shares were up only slightly for the month prior to the company's April 24 earnings release. The company reported first-quarter earnings of $3.52 per share on revenue of $451.6 million. Analysts had expected earnings of $3.87 per share on sales of about $452 million. Often, such a miss causes investors to head for the emergency exits, but in Allegiant's case, the stock actually rocketed higher post-earnings. Perhaps investors were focused on Allegiant's 20%-plus aviation margins i
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ALGT
News
- Allegiant (ALGT) Stock Up 1.2% on Q1 Earnings & Revenue Beat [Yahoo! Finance]Yahoo! Finance
- Allegiant Travel (NASDAQ: ALGT) had its price target lowered by analysts at Barclays PLC from $60.00 to $55.00. They now have an "equal weight" rating on the stock.MarketBeat
- Allegiant Earns No. 3 Spot in J.D. Power's 2024 List of Top North American Airlines [Yahoo! Finance Canada]Yahoo! Finance Canada
- Allegiant Earns No. 3 Spot in J.D. Power's 2024 List of Top North American Airlines [Yahoo! Finance]Yahoo! Finance
- Allegiant Earns No. 3 Spot in J.D. Power's 2024 List of Top North American AirlinesPR Newswire
ALGT
Earnings
- 5/7/24 - Beat
ALGT
Sec Filings
- 5/10/24 - Form 4
- 5/10/24 - Form 4
- 5/10/24 - Form ARS
- ALGT's page on the SEC website