Why Is Allegiant Travel (ALGT) Up 10.1% Since Last Earnings Report?

Core Viewpoint - Allegiant Travel (ALGT) shares have increased by approximately 10.1% over the past month, outperforming the S&P 500, but estimates have trended downward, indicating potential challenges ahead [1][2]. Earnings Report Summary - The most recent earnings report for Allegiant Travel has shown a significant downward shift in consensus estimates, with a change of -63.19% over the past month [2]. VGM Scores - Allegiant Travel currently holds a strong Growth Score of A, but has a lower Momentum Score of D. The stock has a value grade of B, placing it in the second quintile for this investment strategy. The aggregate VGM Score for the stock is A, which is relevant for investors not focused on a single strategy [3]. Outlook - The overall trend for estimates has been downward, leading to a Zacks Rank of 5 (Strong Sell) for Allegiant Travel, suggesting expectations of below-average returns in the coming months [4]. Industry Performance - Allegiant Travel is part of the Zacks Transportation - Airline industry. SkyWest (SKYW), a competitor in the same industry, has seen a gain of 3.7% over the past month and reported revenues of $948.46 million for the last quarter, reflecting an 18% year-over-year increase [5]. - SkyWest's expected earnings for the current quarter are $2.31 per share, indicating a year-over-year growth of 26.9%. The Zacks Consensus Estimate for SkyWest has remained unchanged over the last 30 days, and it holds a Zacks Rank of 2 (Buy) with a VGM Score of A [6].