Allegiant Travel (NAS: ALGT) reported earnings on Oct. 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Allegiant Travel met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew significantly.
Margins expanded across the board.
Allegiant Travel reported revenue of $216.9 million. The 11 analysts polled by S&P Capital IQ predicted revenue of $216.3 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $191.5 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 $0.87. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.75 per share. GAAP EPS of $0.87 for Q3 were 78% higher than the prior-year quarter's $0.49 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 26.4%, 590 basis points better than the prior-year quarter. Operating margin was 13.3%, 460 basis points better than the prior-year quarter. Net margin was 7.8%, 280 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $231.3 million. On the bottom line, the average EPS estimate is $0.93.
Next year's average estimate for revenue is $917.0 million. The average EPS estimate is $4.10.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 160 members out of 205 rating the stock outperform, and 45 members rating it underperform. Among 59 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 43 give Allegiant Travel a green thumbs-up, and 16 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 $75.83.
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The article Allegiant Travel Beats Up on Analysts Yet Again originally appeared on Fool.com.
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