Allegiant Travel's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Allegiant Travel (NASDAQ:ALGT) is scheduled to release its quarterly earnings report on February 5, 2024, with analysts expecting an EPS of $-0.27. The company's past earnings performance shows a mix of beats and misses, with the share price reacting accordingly. Shares are currently trading at $79.92, down 18.36% over the last 52 weeks. Investors are looking for positive guidance for the next quarter beyond the earnings beat or miss.
February 02, 2024 | 3:01 pm
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Allegiant Travel is expected to report an EPS of $-0.27 for the upcoming quarter. Historical data shows its stock price reacts to earnings beats/misses and guidance. Currently, shares are down 18.36% over the last year.
Given ALGT's mixed past earnings performance and the current expectation of a negative EPS, the short-term impact on its stock price is uncertain. However, if ALGT provides positive future guidance, it could mitigate negative reactions to the expected EPS and potentially lead to a positive short-term price movement. Historical data shows that both earnings beats/misses and forward guidance significantly influence the stock's price.
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IMPORTANCE 90
RELEVANCE 100