Benzinga | Jul 27, 2021 11:13AM EDT

Earnings Outlook For Allegiant Travel

On Wednesday, July 28, Allegiant Travel (NASDAQ:ALGT) will release its latest earnings report. Check out Benzinga's preview to understand the implications.

Net Income, Earnings, And Earnings Per Share

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Allegiant Travel earnings will be near $2.16 per share on sales of $442.22 million, according to analysts. Allegiant Travel reported a per-share loss of $5.96 when it published results during the same quarter last year. Sales in that period totaled $133.35 million.

Why Analyst Estimates And Earnings Surprises Are Important

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

The Wall Street consensus estimate for earnings would represent a 136.24% increase for the company. Revenue would be up 231.63% on a year-over-year basis. Here is how the company's reported EPS has stacked up against analyst estimates in the past: Quarter Q1 2021 Q4 2020 Q3 2020 Q2 2020EPS Estimate -2.97 -2.31 -4.88 -5.49EPS Actual -3.58 -1.12 -4.28 -5.96Revenue Estimate 294.19 M 245.66 M 201.84 M 104.39 MRevenue Actual 279.12 M 246.56 M 200.98 M 133.35 M

Want Real-Time Earnings Calendar Updates?

Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.

Stock Performance

Shares of Allegiant Travel were trading at $194.1 as of July 26. Over the last 52-week period, shares are up 67.2%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Allegiant Travel is scheduled to hold the call at 16:30:00 ET and can be accessed here.