Allegiant Travel Sees Q3 EPS $(3.50)-$(2.50) Vs $0.64 Est.
Portfolio Pulse from Benzinga Newsdesk
Allegiant Travel Company has revised its Q3 earnings per share (EPS) forecast to a range of $(3.50) to $(2.50), significantly below the estimated $0.64.
July 31, 2024 | 8:29 pm
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Allegiant Travel Company has significantly lowered its Q3 EPS forecast to a range of $(3.50) to $(2.50), compared to the estimated $0.64. This substantial downward revision indicates potential financial struggles and could negatively impact investor sentiment.
The significant downward revision in EPS forecast suggests that Allegiant Travel Company is facing financial difficulties. This is likely to lead to negative investor sentiment and a potential decline in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100