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

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

Analyst Upgrades and Downgrades

ALGT has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised Allegiant Travel from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a report on Friday, December 12th. 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. Wolfe Research upgraded Allegiant Travel from a “peer perform” rating to an “outperform” rating and set a $108.00 price objective on the stock in a research note on Tuesday, January 20th. Wall Street Zen raised shares of Allegiant Travel from a “sell” rating to a “hold” rating in a report on Sunday, December 28th. Finally, Raymond James Financial lowered shares of Allegiant Travel from a “strong-buy” rating to an “outperform” rating and raised their price target for the company from $78.00 to $98.00 in a research report on Friday, December 19th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $92.73.

Allegiant Travel Stock Performance

Shares of ALGT traded up $7.08 during mid-day trading on Wednesday, hitting $99.86. The stock had a trading volume of 1,267,660 shares, compared to its average volume of 568,024. The firm 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 business has a fifty day moving average price of $86.05 and a 200-day moving average price of $69.73. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.98 and a quick ratio of 0.95. Allegiant Travel has a 52 week low of $39.80 and a 52 week high of $100.46.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings data 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 firm had revenue of $561.93 million during the quarter, compared to analysts’ expectations of $575.13 million. Allegiant Travel had a positive return on equity of 5.24% and a negative net margin of 11.36%.The company’s revenue was down .1% compared to the same quarter last year. During the same period last year, the business posted ($2.02) EPS. On average, equities research analysts expect that Allegiant Travel will post 7.7 EPS for the current year.

Trending Headlines about Allegiant Travel

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 Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Allegiant Travel by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,202 shares of the transportation company’s stock worth $475,000 after acquiring an additional 394 shares in the last quarter. Creative Planning lifted its holdings in Allegiant Travel by 29.1% during the 2nd quarter. Creative Planning now owns 6,915 shares of the transportation company’s stock worth $380,000 after purchasing an additional 1,558 shares in the last quarter. Hsbc Holdings PLC bought a new position in Allegiant Travel in the 2nd quarter worth about $350,000. Invesco Ltd. boosted its stake in Allegiant Travel by 3.9% in the 2nd quarter. Invesco Ltd. now owns 121,339 shares of the transportation company’s stock worth $6,668,000 after purchasing an additional 4,602 shares during the period. Finally, First Trust Advisors LP purchased a new position in Allegiant Travel during the 2nd quarter valued at about $654,000. 85.81% of the stock is currently owned by hedge funds and other institutional investors.

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.