Allegiant Travel Co (NASDAQ: ALGT) has reported a loss for its first fiscal quarter (ending March 31) of $-0.07 versus $3.09 for the same period a year ago — a decline of -102%. This result fell short of the consensus estimate of $1.68 by $-1.75. E.P.S. were $3.16 for the latest four quarters through March 31 versus $3.62 for the same period a year ago — a decline of -13%.
Recent Price Action
On 5/7/24, Allegiant Travel Co (NASDAQ: ALGT) stock declined by -4.2%, closing at $53.89. Moreover, trading volume in this decline was exceptionally high at 276% of normal. Relative to the market the stock has been weak over the last nine months and has declined -5.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, ALGT is expected to continue to be a Value Builder.
Allegiant Travel has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Allegiant Travel has a very high Appreciation Score of 90 but a very low Power Rating of 4, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this discouraging new earnings information and negative market action we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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