Zacks Research Analysts Lower Earnings Estimates for ALGT

Allegiant Travel Company (NASDAQ:ALGT) – Investment analysts at Zacks Research lowered their Q3 2026 earnings per share (EPS) estimates for shares of Allegiant Travel in a research report issued on Tuesday, August 25th. Zacks Research analyst Team now anticipates that the transportation company will earn $0.00 per share for the quarter, down from their previous forecast of $0.10. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Allegiant Travel’s current full-year earnings is $6.83 per share. Zacks Research also issued estimates for Allegiant Travel’s Q1 2027 earnings at $2.66 EPS, Q2 2027 earnings at $2.56 EPS, Q3 2027 earnings at $2.90 EPS, Q4 2027 earnings at $3.15 EPS, FY2027 earnings at $11.27 EPS, Q1 2028 earnings at $2.96 EPS and Q2 2028 earnings at $2.92 EPS.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.92. The business had revenue of $943.49 million during the quarter, compared to the consensus estimate of $982.70 million. Allegiant Travel had a return on equity of 10.83% and a net margin of 0.90%.The company’s quarterly revenue was up 36.8% on a year-over-year basis. During the same quarter last year, the company earned $1.23 earnings per share. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS.

ALGT has been the topic of a number of other reports. JPMorgan Chase & Co. initiated coverage on shares of Allegiant Travel in a report on Wednesday, July 1st. They set an “overweight” rating and a $156.00 price objective on the stock. Wall Street Zen cut Allegiant Travel from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings upgraded Allegiant Travel from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Bank of America increased their price objective on Allegiant Travel from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Finally, Raymond James Financial upgraded Allegiant Travel from an “outperform” rating to a “strong-buy” rating and reduced their price objective for the stock from $138.00 to $116.00 in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.38.

Allegiant Travel Stock Up 0.3%

NASDAQ:ALGT opened at $82.60 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.80 and a debt-to-equity ratio of 1.38. Allegiant Travel has a twelve month low of $57.11 and a twelve month high of $123.63. The company has a market cap of $2.26 billion, a PE ratio of 58.58, a P/E/G ratio of 0.23 and a beta of 1.53. The company’s 50 day moving average is $99.83 and its two-hundred day moving average is $91.87.

Institutional Investors Weigh In On Allegiant Travel

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Allegiant Travel in the second quarter valued at approximately $416,591,000. Donald Smith & CO. Inc. purchased a new stake in shares of Allegiant Travel in the second quarter valued at approximately $175,636,000. California State Teachers Retirement System raised its stake in shares of Allegiant Travel by 18,653.3% during the 2nd quarter. California State Teachers Retirement System now owns 886,469 shares of the transportation company’s stock worth $104,249,000 after buying an additional 881,742 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Allegiant Travel during the 2nd quarter valued at approximately $33,013,000. Finally, Wellington Management Group LLP purchased a new position in shares of Allegiant Travel during the 2nd quarter valued at approximately $26,232,000. Institutional investors and hedge funds own 85.81% of the company’s stock.

Key Allegiant Travel News

Here are the key news stories impacting Allegiant Travel this week:

• Positive Sentiment: Allegiant raised its FY2026 EPS forecast to $8.07 from $7.53 and its FY2028 estimate to $13.25 from $12.97. Analysts also increased estimates for Q1 2027 and Q2 2027, suggesting some confidence in longer-term earnings recovery and the benefits of expanded scale.
• Positive Sentiment: The company is targeting at least $140 million in annual synergies from its Sun Country integration. If achieved, those savings could support margins and earnings, although the integration will require significant execution. ALGT Targets $140M in Synergies as Sun Country Integration Begins
• Neutral Sentiment: Zacks Research continues to rate ALGT “Strong-Buy,” while its current full-year consensus EPS estimate is $6.83. However, the multiple estimate changes indicate considerable uncertainty around the pace and consistency of the airline’s recovery.
• Neutral Sentiment: Reported short interest was listed at zero shares, providing no meaningful evidence of bearish positioning. The data appears anomalous and is unlikely to be a significant trading catalyst.
• Negative Sentiment: Zacks cut its Q3 2026 EPS forecast to $0.00 from $0.10 and lowered its Q4 2026 estimate to $2.11 from $2.42. The weaker near-term outlook could weigh on the stock because it points to pressure during the remainder of 2026.
• Negative Sentiment: Forecasts for FY2027 EPS fell to $11.27 from $12.83, while estimates for Q3 2027, Q4 2027, and Q2 2028 were also reduced. These cuts offset the increases elsewhere and suggest analysts see greater operating or integration risk than previously expected.
• Negative Sentiment: Allegiant’s recent monthly decline has been attributed to fuel-price exposure, higher debt, capital requirements, and the risks of integrating Sun Country, despite record unit revenue and a quarterly earnings beat. ALGT Dips 16.6% in a Month as Airline Risks Challenge the Bull Case

Allegiant Travel Company Profile

Allegiant Travel Company is a holding company that operates Allegiant Air, a low‐cost leisure airline offering scheduled and charter air service. The company focuses on connecting underserved secondary markets with popular vacation destinations across the United States. By targeting price‐sensitive leisure travelers, Allegiant Air operates a point‐to‐point network that avoids the traditional hub‐and‐spoke model, providing non‐stop flights from smaller cities to resort and entertainment hubs.

In addition to its core flight operations, Allegiant Travel Company offers packaged travel services that include hotel accommodations, rental cars and attraction tickets through its online portal.