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Allegiant Travel (ALGT) Stock Moves -0.27%: What You Should Know
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Allegiant Travel (ALGT - Free Report) closed the latest trading day at $65.72, indicating a -0.27% change from the previous session's end. This move was narrower than the S&P 500's daily loss of 1.23%. Meanwhile, the Dow experienced a drop of 1.36%, and the technology-dominated Nasdaq saw a decrease of 1.4%.
The travel services company's shares have seen a decrease of 11.83% over the last month, not keeping up with the Transportation sector's gain of 1.27% and the S&P 500's gain of 1.61%.
Analysts and investors alike will be keeping a close eye on the performance of Allegiant Travel in its upcoming earnings disclosure. On that day, Allegiant Travel is projected to report earnings of $1.17 per share, which would represent a year-over-year decline of 61.51%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $654.66 million, up 0.76% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.36 per share and revenue of $2.73 billion. These totals would mark changes of -13% and +8.92%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Allegiant Travel. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 6.45% lower within the past month. Allegiant Travel is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Allegiant Travel is holding a Forward P/E ratio of 10.36. This signifies a premium in comparison to the average Forward P/E of 8.99 for its industry.
We can additionally observe that ALGT currently boasts a PEG ratio of 0.83. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Transportation - Airline industry currently had an average PEG ratio of 0.76 as of yesterday's close.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 54, putting it in the top 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Allegiant Travel (ALGT) Stock Moves -0.27%: What You Should Know
Allegiant Travel (ALGT - Free Report) closed the latest trading day at $65.72, indicating a -0.27% change from the previous session's end. This move was narrower than the S&P 500's daily loss of 1.23%. Meanwhile, the Dow experienced a drop of 1.36%, and the technology-dominated Nasdaq saw a decrease of 1.4%.
The travel services company's shares have seen a decrease of 11.83% over the last month, not keeping up with the Transportation sector's gain of 1.27% and the S&P 500's gain of 1.61%.
Analysts and investors alike will be keeping a close eye on the performance of Allegiant Travel in its upcoming earnings disclosure. On that day, Allegiant Travel is projected to report earnings of $1.17 per share, which would represent a year-over-year decline of 61.51%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $654.66 million, up 0.76% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.36 per share and revenue of $2.73 billion. These totals would mark changes of -13% and +8.92%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Allegiant Travel. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 6.45% lower within the past month. Allegiant Travel is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Allegiant Travel is holding a Forward P/E ratio of 10.36. This signifies a premium in comparison to the average Forward P/E of 8.99 for its industry.
We can additionally observe that ALGT currently boasts a PEG ratio of 0.83. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Transportation - Airline industry currently had an average PEG ratio of 0.76 as of yesterday's close.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 54, putting it in the top 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.