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.
Earnings
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.
Past Earnings Performance
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).
Guidance
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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