Recap: Allegiant Travel Q2 Earnings

Allegiant Travel ALGT reported its Q2 earnings results on Wednesday, August 3, 2022 at 04:01 PM.

Here's what investors need to know about the announcement.

Allegiant Travel missed estimated earnings by 32.61%, reporting an EPS of $0.62 versus an estimate of $0.92.

Revenue was up $157.41 million from the same period last year.

Last quarter the company missed on EPS by $0.05 which was followed by a 1.02% increase in the share price the next day.

Here's a look at Allegiant Travel's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	-0.07	1.18	0.68	2.16
EPS Actual	-0.12	1.18	0.66	3.46
Revenue Estimate	491.37M	480.59M	455.09M	442.22M
Revenue Actual	500.11M	496.88M	459.47M	472.43M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Allegiant Travel management provided guidance for Q2 2022, expecting earnings between $0.62 and $0.62 per share.

To track all earnings releases for Allegiant Travel visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.