Allegiant Travel Co (NASDAQ: ALGT) has reported E.P.S. of $-1.44 for its third fiscal quarter (ending September 30) versus $-2.58 for the same period a year ago. Relative to the consensus estimate of $0.15, this was a shortfall of $-1.59. For the latest four quarters through September 30, E.P.S. were $9.31 versus $-2.19 for the same period a year ago.
Recent Price Action
On 11/2/23, Allegiant Travel Co (NASDAQ: ALGT) stock suffered a large decline of -2.3%, closing at $64.41. The stock has performed in line with the market over the last nine months and has declined -6.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ALGT is expected to be a Value Builder.
Allegiant Travel has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Allegiant Travel has a good Appreciation Score of 83 but a poor Power Rating of 29, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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