Allegiant Travel (NASDAQ:ALGT) Releases Q1 2026 Earnings Guidance

Allegiant Travel (NASDAQ:ALGT) issued an update on its first quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.500-3.500 for the period, compared to the consensus earnings per share estimate of 2.270. The company issued revenue guidance of -. Allegiant Travel also updated its FY 2026 guidance to 8.000- EPS.

Allegiant Travel Price Performance

Shares of NASDAQ:ALGT traded up $7.08 during midday trading on Wednesday, hitting $99.86. 1,267,660 shares of the stock were exchanged, compared to its average volume of 568,024. Allegiant Travel has a twelve month low of $39.80 and a twelve month high of $100.46. The stock has a market cap of $1.83 billion, a P/E ratio of -6.13, a PEG ratio of 0.25 and a beta of 1.64. The company has a 50 day moving average price of $86.05 and a 200-day moving average price of $69.73. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 1.76.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings results on Tuesday, November 4th. The transportation company reported ($2.09) earnings per share for the quarter, missing the consensus estimate of ($1.84) by ($0.25). The business had revenue of $561.93 million during the quarter, compared to analyst estimates of $575.13 million. Allegiant Travel had a negative net margin of 11.36% and a positive return on equity of 5.24%. The company’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the firm posted ($2.02) earnings per share. On average, research analysts forecast that Allegiant Travel will post 7.7 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ALGT. Citigroup raised their price target on shares of Allegiant Travel from $88.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 7th. Zacks Research downgraded Allegiant Travel from a “strong-buy” rating to a “hold” rating in a report on Monday. Wall Street Zen upgraded Allegiant Travel from a “sell” rating to a “hold” rating in a research note on Sunday, December 28th. Morgan Stanley increased their price target on Allegiant Travel from $80.00 to $85.00 and gave the company an “equal weight” rating in a report on Wednesday, November 5th. Finally, UBS Group upped their price target on Allegiant Travel from $87.00 to $90.00 and gave the stock a “neutral” rating in a report on Tuesday, January 6th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Allegiant Travel currently has a consensus rating of “Hold” and an average price target of $92.73.

Allegiant Travel News Roundup

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

• Positive Sentiment: Company-reported adjusted/airline-only results came in ahead of consensus, with multiple outlets publishing beats on quarterly EPS (Zacks reported $2.86 vs. $2.01 estimate). This supports the narrative of improving profitability on an airline-only basis and likely drove buying interest. Zacks: Allegiant Tops Q4
• Positive Sentiment: Management raised Q1 2026 EPS guidance to $2.50–$3.50 (consensus ~ $2.27). Higher near-term guidance signals confidence in demand and unit economics for the period and is a clear catalyst supporting the rally.
• Positive Sentiment: Full‑year FY2026 EPS guidance was increased (company gave an FY guide that exceeds the prior consensus ~ $7.27), indicating management expects improved full-year profitability — a material positive for forward valuation.
• Neutral Sentiment: Official press release: GAAP Q4 diluted EPS was $1.73 while adjusted airline-only EPS was $2.72; full‑year adjusted metrics also improved (adjusted diluted EPS and adjusted airline-only EPS). Management framed the results as “momentum,” which supports the raised guidance but leaves questions about GAAP volatility. PR Newswire: Q4 & FY2025 Results
• Neutral Sentiment: Reported short-interest data in recent filings appears non‑informative (odd/zero values reported); not a material near-term driver based on available data.
• Negative Sentiment: Underlying GAAP and operating metrics showed stress: a Quiver summary flagged GAAP diluted EPS of $1.73 (below some estimates), operating profit and net income declined YoY, operating cash flow turned negative and capex jumped ~144% YoY — higher investment that tightens near‑term cash flow. Those items create risk if demand softness or cost pressure emerges. QuiverQuant: Q4 Earnings & Cash Flow
• Negative Sentiment: Zacks downgraded the shares from “strong-buy” to “hold,” which could temper momentum from the beats and guidance as some investors reassess valuation and execution risk. Zacks

Institutional Trading of Allegiant Travel

Several hedge funds and other institutional investors have recently modified their holdings of the company. Franklin Resources Inc. increased its position in shares of Allegiant Travel by 15.4% during the third quarter. Franklin Resources Inc. now owns 549,287 shares of the transportation company’s stock worth $33,380,000 after buying an additional 73,360 shares during the period. Bank of America Corp DE boosted its holdings in 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 grew its position in Allegiant Travel by 25.8% in the 3rd quarter. UBS Group AG now owns 327,828 shares of the transportation company’s stock valued at $19,922,000 after purchasing an additional 67,327 shares during the period. Two Sigma Investments LP increased 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 acquiring an additional 64,382 shares in the last quarter. Finally, Par Capital Management Inc. increased its holdings in Allegiant Travel by 11.1% during the 2nd quarter. Par Capital Management Inc. now owns 584,996 shares of the transportation company’s stock worth $32,146,000 after purchasing an additional 58,566 shares in the last quarter. Institutional investors and hedge funds own 85.81% of the company’s stock.

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.