Allegiant Travel (Nasdaq: ALGT ) reported earnings on April 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Allegiant Travel beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share grew significantly.
Margins increased across the board.
Allegiant Travel reported revenue of $273.0 million. The eight analysts polled by S&P Capital IQ foresaw revenue of $268.4 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $237.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.65. The 12 earnings estimates compiled by S&P Capital IQ forecast $1.45 per share. GAAP EPS of $1.65 for Q1 were 47% higher than the prior-year quarter's $1.12 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 31.3%, 560 basis points better than the prior-year quarter. Operating margin was 19.2%, 390 basis points better than the prior-year quarter. Net margin was 11.7%, 260 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $265.2 million. On the bottom line, the average EPS estimate is $1.61.
Next year's average estimate for revenue is $1.01 billion. The average EPS estimate is $5.33.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 167 members out of 211 rating the stock outperform, and 44 members rating it underperform. Among 60 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 48 give Allegiant Travel a green thumbs-up, and 12 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 $86.73.
Looking for alternatives to Allegiant Travel? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add Allegiant Travel to My Watchlist.