Allegiant Travel (NASDAQ:ALGT) Releases Q3 2026 Earnings Guidance

Allegiant Travel (NASDAQ:ALGT) issued an update on its third quarter 2026 earnings guidance on Tuesday. The company provided EPS guidance of -1.000–0.000 for the period, compared to the consensus earnings per share estimate of -0.320. The company issued revenue guidance of -.

Allegiant Travel Stock Performance

Shares of ALGT stock traded up $0.79 during mid-day trading on Wednesday, reaching $105.88. 259,848 shares of the company’s stock traded hands, compared to its average volume of 562,996. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.87 and a current ratio of 0.91. The firm has a market capitalization of $1.95 billion, a PE ratio of -52.94, a price-to-earnings-growth ratio of 0.27 and a beta of 1.53. Allegiant Travel has a 12 month low of $47.27 and a 12 month high of $123.63. The firm has a 50 day moving average price of $100.54 and a two-hundred day moving average price of $92.35.

Allegiant Travel (NASDAQ:ALGT) last released its earnings results on Tuesday, August 4th. The transportation company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.92. Allegiant Travel had a positive return on equity of 10.07% and a negative net margin of 1.30%.The company had revenue of $943.50 million for the quarter, compared to the consensus estimate of $982.70 million. During the same period in the previous year, the business earned $1.23 earnings per share. Allegiant Travel’s quarterly revenue was up 36.8% compared to the same quarter last year. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. On average, research analysts forecast that Allegiant Travel will post 7.5 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group increased their target price on shares of Allegiant Travel from $125.00 to $142.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Melius Research upgraded shares of Allegiant Travel from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a research report on Tuesday, July 7th. Wall Street Zen raised shares of Allegiant Travel from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. UBS Group restated a “neutral” rating and set a $111.00 target price on shares of Allegiant Travel in a research note on Wednesday. Finally, Citigroup raised shares of Allegiant Travel from a “neutral” rating to a “buy” rating and upped their target price for the stock from $98.00 to $156.00 in a report on Friday, June 26th. Nine research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $128.69.

Trending Headlines about Allegiant Travel

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

• Positive Sentiment: Adjusted earnings beat expectations: Allegiant reported second-quarter adjusted diluted EPS of $2.19, up 78% year over year and well above the $1.27 consensus estimate. Allegiant Travel Q2 Earnings Beat Estimates
• Positive Sentiment: Sun Country adds scale and potential synergies: Second-quarter results included Sun Country only from the May 13 acquisition closing date. Investors are focused on whether the combined airline can improve operational efficiency, expand its network and produce more than $6.00 in combined-company adjusted EPS for full-year 2026. Allegiant Travel–Sun Country Merger Poised to Enhance Operational Synergies
• Positive Sentiment: Improved operating results and liquidity: Revenue rose 36.9% to $943.5 million, while the GAAP net loss narrowed to $4.9 million from $65.2 million a year earlier. Allegiant also ended the quarter with $1.3 billion of liquidity, including $1.1 billion in cash and investments. Allegiant Travel Second-Quarter 2026 Financial Results
• Positive Sentiment: Labor uncertainty eased: Allegiant pilots ratified a two-year agreement with the airline, reducing near-term labor disruption risk. Allegiant Pilots Ratify Two-Year Deal
• Neutral Sentiment: Revenue missed estimates: Quarterly revenue came in below the $982.7 million analyst consensus, despite strong year-over-year growth. Allegiant Travel Earnings Report
• Negative Sentiment: Near-term guidance is weak: Allegiant guided to third-quarter EPS between a loss of $1.00 and breakeven, below the $0.32 loss expected by analysts, signaling continued seasonal or integration-related pressure.
• Negative Sentiment: Insider selling may concern investors: Executive Chairman Maurice J. Gallagher reportedly sold 300,000 shares over the past six months, with no insider purchases reported during that period.

Hedge Funds Weigh In On Allegiant Travel

Several institutional investors have recently bought and sold shares of the business. XTX Topco Ltd bought a new stake in shares of Allegiant Travel in the 4th quarter worth about $1,703,000. Susquehanna Fundamental Investments LLC increased its stake in Allegiant Travel by 196.6% during the fourth quarter. Susquehanna Fundamental Investments LLC now owns 29,572 shares of the transportation company’s stock worth $2,522,000 after acquiring an additional 19,601 shares during the last quarter. Millennium Management LLC increased its stake in Allegiant Travel by 0.5% during the fourth quarter. Millennium Management LLC now owns 27,453 shares of the transportation company’s stock worth $2,341,000 after acquiring an additional 134 shares during the last quarter. Man Group plc raised its position in Allegiant Travel by 16.0% during the fourth quarter. Man Group plc now owns 29,488 shares of the transportation company’s stock valued at $2,514,000 after purchasing an additional 4,065 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new stake in Allegiant Travel during the fourth quarter valued at approximately $16,405,000. Institutional investors own 85.81% of the company’s stock.

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.