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Allegiant Travel (ALGT) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended December 2023, Allegiant Travel (ALGT - Free Report) reported revenue of $611 million, down 0.1% over the same period last year. EPS came in at $0.11, compared to $3.17 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $601.47 million, representing a surprise of +1.59%. The company delivered an EPS surprise of +116.42%, with the consensus EPS estimate being -$0.67.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Allegiant Travel performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Available seat miles - Total system statistics: 4,607.17 million compared to the 4,538.43 million average estimate based on three analysts.
Available seat miles - Scheduled service statistics: 4,429.83 million versus 4,419.9 million estimated by three analysts on average.
Average Fuel Cost Per Gallon - Total system statistics: 3.21 $/gal versus 3.27 $/gal estimated by three analysts on average.
Total scheduled service statistics revenue per ASM (TRASM): 13.16 cents versus 13.11 cents estimated by two analysts on average.
Average fare - Scheduled service statistics: $70.22 versus the two-analyst average estimate of $57.57.
Passengers - Total system statistics: 4,145,771 compared to the 4,286,520 average estimate based on two analysts.
Load factor - Scheduled service statistics: 83.3% versus the two-analyst average estimate of 84.2%.
Operating CASM, excluding fuel - Total system statistics: 8.94 cents versus 9.12 cents estimated by two analysts on average.
Fixed fee contract revenue: $24.95 million compared to the $20 million average estimate based on four analysts. The reported number represents a change of +9.7% year over year.
Passenger revenue: $556.12 million versus the three-analyst average estimate of $547.80 million. The reported number represents a year-over-year change of -1.5%.
Third party products: $26.69 million compared to the $28.21 million average estimate based on three analysts. The reported number represents a change of +13.3% year over year.
Other revenue: $3.24 million compared to the $0.45 million average estimate based on two analysts. The reported number represents a change of +526.1% year over year.
Shares of Allegiant Travel have returned +0.2% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Allegiant Travel (ALGT) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended December 2023, Allegiant Travel (ALGT - Free Report) reported revenue of $611 million, down 0.1% over the same period last year. EPS came in at $0.11, compared to $3.17 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $601.47 million, representing a surprise of +1.59%. The company delivered an EPS surprise of +116.42%, with the consensus EPS estimate being -$0.67.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Allegiant Travel performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Available seat miles - Total system statistics: 4,607.17 million compared to the 4,538.43 million average estimate based on three analysts.
- Available seat miles - Scheduled service statistics: 4,429.83 million versus 4,419.9 million estimated by three analysts on average.
- Average Fuel Cost Per Gallon - Total system statistics: 3.21 $/gal versus 3.27 $/gal estimated by three analysts on average.
- Total scheduled service statistics revenue per ASM (TRASM): 13.16 cents versus 13.11 cents estimated by two analysts on average.
- Average fare - Scheduled service statistics: $70.22 versus the two-analyst average estimate of $57.57.
- Passengers - Total system statistics: 4,145,771 compared to the 4,286,520 average estimate based on two analysts.
- Load factor - Scheduled service statistics: 83.3% versus the two-analyst average estimate of 84.2%.
- Operating CASM, excluding fuel - Total system statistics: 8.94 cents versus 9.12 cents estimated by two analysts on average.
- Fixed fee contract revenue: $24.95 million compared to the $20 million average estimate based on four analysts. The reported number represents a change of +9.7% year over year.
- Passenger revenue: $556.12 million versus the three-analyst average estimate of $547.80 million. The reported number represents a year-over-year change of -1.5%.
- Third party products: $26.69 million compared to the $28.21 million average estimate based on three analysts. The reported number represents a change of +13.3% year over year.
- Other revenue: $3.24 million compared to the $0.45 million average estimate based on two analysts. The reported number represents a change of +526.1% year over year.
View all Key Company Metrics for Allegiant Travel here>>>Shares of Allegiant Travel have returned +0.2% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.