Allegiant Travel (ALGT) Expected to Post Earnings on Tuesday

Allegiant Travel (NASDAQ:ALGT) is expected to be issuing its Q2 2026 results after the market closes on Tuesday, August 4th. Analysts expect the company to post earnings of $1.27 per share and revenue of $982.7030 million for the quarter. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. Parties are encouraged to explore the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Tuesday, August 4, 2026 at 4:30 PM ET.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings results on Thursday, April 30th. The transportation company reported $3.77 earnings per share for the quarter, beating analysts’ consensus estimates of $3.40 by $0.37. Allegiant Travel had a negative net margin of 1.30% and a positive return on equity of 10.07%. The business had revenue of $732.43 million during the quarter, compared to analyst estimates of $711.01 million. During the same quarter last year, the business posted $2.11 earnings per share. Allegiant Travel’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, analysts expect Allegiant Travel to post $7 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Allegiant Travel Stock Performance

ALGT stock opened at $99.14 on Tuesday. The company has a 50 day moving average price of $98.00 and a 200 day moving average price of $91.92. Allegiant Travel has a fifty-two week low of $42.56 and a fifty-two week high of $123.63. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.91 and a quick ratio of 0.87. The stock has a market capitalization of $1.83 billion, a PE ratio of -49.57, a price-to-earnings-growth ratio of 0.26 and a beta of 1.51.

Hedge Funds Weigh In On Allegiant Travel

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Balyasny Asset Management L.P. acquired a new stake in Allegiant Travel during the 4th quarter worth $16,405,000. Franklin Resources Inc. grew its stake in Allegiant Travel by 15.4% in the third quarter. Franklin Resources Inc. now owns 549,287 shares of the transportation company’s stock valued at $33,380,000 after acquiring an additional 73,360 shares during the period. Bank of America Corp DE increased its holdings in shares of Allegiant Travel by 148.1% in the second quarter. Bank of America Corp DE now owns 118,896 shares of the transportation company’s stock worth $6,533,000 after acquiring an additional 70,982 shares in the last quarter. UBS Group AG increased its holdings in shares of Allegiant Travel by 25.8% in the third quarter. UBS Group AG now owns 327,828 shares of the transportation company’s stock worth $19,922,000 after acquiring an additional 67,327 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in shares of Allegiant Travel by 98.9% during the third quarter. Two Sigma Investments LP now owns 129,512 shares of the transportation company’s stock worth $7,870,000 after purchasing an additional 64,382 shares during the period. 85.81% of the stock is owned by institutional investors.

Key Stories Impacting Allegiant Travel

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

• Positive Sentiment: Citi initiated coverage of Allegiant Travel with a Buy rating, providing a bullish signal for the airline’s longer-term prospects. Allegiant Travel Company Gets a Buy from Citi
• Positive Sentiment: Analysts collectively assign Allegiant Travel a “Moderate Buy” consensus recommendation, suggesting that overall Wall Street sentiment remains constructive. Allegiant Travel Company Given Consensus Recommendation of Moderate Buy by Analysts
• Positive Sentiment: Zacks Research projects 2026 EPS of $7.53, slightly above the current consensus estimate of $7.49. It also forecasts earnings growth to $12.83 in 2027 and $12.97 in 2028, indicating expectations for substantial longer-term improvement.
• Neutral Sentiment: Zacks Research maintained a “Hold” rating. Its forecasts include $1.25 EPS for the second quarter of 2026, $0.10 for the third quarter, and $2.42 for the fourth quarter, highlighting a highly seasonal earnings pattern rather than a clear near-term acceleration.
• Negative Sentiment: The $0.10 third-quarter 2026 EPS forecast suggests significant near-term earnings pressure, which could limit enthusiasm despite the more optimistic 2027–2028 outlook.

Wall Street Analyst Weigh In

ALGT has been the subject of several research reports. Susquehanna lifted their target price on Allegiant Travel from $85.00 to $132.00 and gave the company a “neutral” rating in a research note on Tuesday, July 7th. Wall Street Zen upgraded Allegiant Travel from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Bank of America lifted their price objective on Allegiant Travel from $100.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Allegiant Travel in a report on Friday, May 29th. Finally, Morgan Stanley upped their target price on shares of Allegiant Travel from $100.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday, July 6th. Ten research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.08.

About Allegiant Travel

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.