Allegiant Travel Q2 2024 GAAP EPS $0.75 Beats $0.64 Estimate, Sales $666.300M Beat $658.050M Estimate
Portfolio Pulse from Benzinga Newsdesk
Allegiant Travel (NASDAQ: ALGT) reported Q2 2024 earnings per share (EPS) of $0.75, surpassing the analyst consensus estimate of $0.64 by 17.19%. The company also reported sales of $666.3 million, beating the estimate of $658.05 million by 1.25%. However, this represents a 2.56% decrease from the same period last year.
July 31, 2024 | 8:02 pm
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Allegiant Travel (NASDAQ: ALGT) reported better-than-expected Q2 2024 earnings and sales, with EPS of $0.75 beating the $0.64 estimate and sales of $666.3 million beating the $658.05 million estimate. However, sales decreased by 2.56% compared to the same period last year.
The positive earnings and sales surprise are likely to boost investor sentiment in the short term, despite the year-over-year sales decline. The significant beat on EPS and slight beat on sales indicate operational efficiency and better-than-expected performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100