Allegiant Travel Q3 2024 Adj EPS $(2.05) Misses $(1.93) Estimate, Sales $562.20M Miss $565.08M Estimate
Portfolio Pulse from Benzinga Newsdesk
Allegiant Travel (NASDAQ:ALGT) reported Q3 2024 earnings with an adjusted EPS of $(2.05), missing the consensus estimate of $(1.93). Sales were $562.20 million, slightly below the expected $565.08 million, and a 0.56% decrease from the previous year.
October 30, 2024 | 8:07 pm
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Allegiant Travel's Q3 2024 earnings report showed a larger-than-expected loss with an EPS of $(2.05), missing the $(1.93) estimate. Sales also fell short at $562.20 million, a slight decrease from last year.
The earnings miss, both in terms of EPS and sales, suggests potential negative sentiment among investors, likely leading to a short-term decline in ALGT's stock price.
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IMPORTANCE 80
RELEVANCE 100