Equities Analysts Issue Forecasts for ALGT Q2 Earnings

Allegiant Travel Company (NASDAQ:ALGT) – Stock analysts at Zacks Research issued their Q2 2026 earnings per share (EPS) estimates for shares of Allegiant Travel in a research note issued to investors on Friday, July 24th. Zacks Research analyst Team anticipates that the transportation company will earn $1.25 per share for the quarter. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Allegiant Travel’s current full-year earnings is $7.49 per share. Zacks Research also issued estimates for Allegiant Travel’s Q3 2026 earnings at $0.10 EPS, Q4 2026 earnings at $2.42 EPS, FY2026 earnings at $7.53 EPS, Q1 2027 earnings at $1.58 EPS, Q2 2027 earnings at $2.05 EPS, Q3 2027 earnings at $3.96 EPS, Q4 2027 earnings at $5.24 EPS, FY2027 earnings at $12.83 EPS, Q1 2028 earnings at $2.61 EPS, Q2 2028 earnings at $3.16 EPS and FY2028 earnings at $12.97 EPS.

Allegiant Travel (NASDAQ:ALGT) last posted its earnings results on Thursday, April 30th. The transportation company reported $3.77 earnings per share for the quarter, topping the consensus estimate of $3.40 by $0.37. The firm had revenue of $732.43 million during the quarter, compared to analysts’ expectations of $711.01 million. Allegiant Travel had a positive return on equity of 10.07% and a negative net margin of 1.30%.The firm’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.11 earnings per share. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS.

A number of other research firms also recently commented on ALGT. Bank of America increased their target price on shares of Allegiant Travel from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Wall Street Zen upgraded shares of Allegiant Travel from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. JPMorgan Chase & Co. began coverage on Allegiant Travel in a report on Wednesday, July 1st. They set an “overweight” rating and a $156.00 price objective on the stock. UBS Group upgraded Allegiant Travel from a “hold” rating to a “buy” rating in a research report on Wednesday, July 8th. Finally, Barclays initiated coverage on Allegiant Travel in a report on Wednesday, July 8th. They issued an “overweight” rating and a $145.00 target price for the company. Ten equities 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $128.08.

Allegiant Travel Stock Up 1.1%

Shares of NASDAQ:ALGT opened at $99.14 on Tuesday. The firm has a 50 day simple moving average of $98.00 and a 200-day simple moving average of $91.92. Allegiant Travel has a twelve month low of $42.56 and a twelve month high of $123.63. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $1.83 billion, a PE ratio of -49.57, a P/E/G ratio of 0.26 and a beta of 1.51.

Institutional Trading of Allegiant Travel

Institutional investors and hedge funds have recently bought and sold shares of the business. Balyasny Asset Management L.P. acquired a new stake in Allegiant Travel during the 4th quarter worth $16,405,000. Assenagon Asset Management S.A. acquired a new position in Allegiant Travel in the first quarter valued at $11,781,000. Principal Financial Group Inc. raised its holdings in shares of Allegiant Travel by 151.1% in the first quarter. Principal Financial Group Inc. now owns 161,227 shares of the transportation company’s stock valued at $13,066,000 after buying an additional 97,010 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of 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 buying an additional 73,360 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Allegiant Travel by 148.1% during the second quarter. Bank of America Corp DE now owns 118,896 shares of the transportation company’s stock worth $6,533,000 after buying an additional 70,982 shares during the period. Hedge funds and other institutional investors 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: Citi’s Buy rating provides a positive endorsement of Allegiant Travel’s outlook and may improve investor sentiment toward the airline. Allegiant Travel Company Gets a Buy from Citi
• Positive Sentiment: Analysts collectively give Allegiant Travel a Moderate Buy consensus recommendation, suggesting that Wall Street sentiment is favorable despite recent operating challenges. Allegiant Travel Company Given Consensus Recommendation of Moderate Buy by Analysts
• Positive Sentiment: Zacks Research projects earnings of $7.53 per share for fiscal 2026, rising to $12.83 in fiscal 2027 and $12.97 in fiscal 2028. The expected earnings improvement could support the investment case if the forecasts are achieved.
• Neutral Sentiment: Zacks forecasts uneven quarterly results, including $1.25 EPS in Q2 2026 and only $0.10 EPS in Q3, followed by stronger earnings in Q4 and later years. This points to significant seasonality in Allegiant’s business.
• Neutral Sentiment: Zacks Research reiterated a Hold rating and provided no clear upgrade or estimate surprise in its report. Its current full-year forecast of $7.53 EPS is only modestly above the broader consensus estimate of $7.49.

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.