Allegiant Travel (Nasdaq: ALGT) reported earnings on May 7. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q1), Allegiant Travel met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share improved significantly.

Gross margins dropped, operating margins grew, net margins improved.

Revenue details
 Allegiant Travel reported revenue of $237.9 million. The 12 analysts polled by S&P Capital IQ expected sales of $235.9 million on the same basis. GAAP reported sales were 23% higher than the prior-year quarter's $193.2 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $1.12. The 14 earnings estimates compiled by S&P Capital IQ averaged $1.00 per share. GAAP EPS of $1.12 for Q1 were 26% higher than the prior-year quarter's $0.89 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 25.7%, 30 basis points worse than the prior-year quarter. Operating margin was 15.3%, 90 basis points better than the prior-year quarter. Net margin was 9.1%, 20 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $231.0 million. On the bottom line, the average EPS estimate is $0.90.

Next year's average estimate for revenue is $931.5 million. The average EPS estimate is $3.75.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 165 members out of 208 rating the stock outperform, and 43 members rating it underperform. Among 57 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give Allegiant Travel a green thumbs-up, and 13 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Allegiant Travel is outperform, with an average price target of $59.64.

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