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.
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