Allegiant Travel Q1 2024 Adj EPS $0.57 Beats $0.50 Estimate, Sales $656.400M Beat $644.274M Estimate
Portfolio Pulse from Benzinga Newsdesk
Allegiant Travel (ALGT) reported Q1 2024 adjusted EPS of $0.57, surpassing the $0.50 estimate, with sales of $656.4M exceeding the $644.274M forecast. This represents a 1.03% increase in sales compared to the same period last year.
May 07, 2024 | 1:02 pm
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Allegiant Travel reported a Q1 2024 adjusted EPS of $0.57, beating estimates, and sales of $656.4M, also above expectations. Year-over-year sales growth was 1.03%.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can result in a short-term uptick in stock price. The reported year-over-year sales growth, although modest, further reinforces the company's growth trajectory, likely contributing to a positive outlook among investors.
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