Here's Why Allegiant Travel (ALGT) is a Strong Momentum Stock

Core Insights - Zacks Premium offers various tools for investors to enhance their stock market engagement and confidence [1] - The Zacks Style Scores provide a framework for evaluating stocks based on value, growth, and momentum characteristics [2][3] Zacks Style Scores Overview - Stocks are rated A, B, C, D, or F based on their value, growth, and momentum, with higher scores indicating better performance potential [3] - The Value Score focuses on identifying undervalued stocks using financial ratios like P/E and Price/Sales [3] - The Growth Score assesses a company's financial health and future outlook through earnings and sales projections [4] - The Momentum Score identifies trends in stock prices and earnings estimates to optimize entry points for investments [5] - The VGM Score combines value, growth, and momentum scores to highlight stocks with the best overall potential [6] Zacks Rank and Style Scores Interaction - The Zacks Rank utilizes earnings estimate revisions to guide investors in building successful portfolios, with 1 (Strong Buy) stocks historically yielding an average annual return of +23.81% since 1988 [7] - There can be over 800 stocks rated 1 or 2, making it essential to use Style Scores to narrow down choices [8] - Stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B are recommended for maximizing investment success [9] - Stocks rated 4 (Sell) or 5 (Strong Sell) are less favorable, even if they have high Style Scores, due to declining earnings forecasts [10] Company Spotlight: Allegiant Travel - Allegiant Travel Company operates a low-cost airline, focusing on leisure travel from small and medium-sized cities to major destinations [11] - The company has a Zacks Rank of 3 (Hold) and a VGM Score of B, indicating moderate potential [12] - Allegiant's shares have increased by 2.6% over the past four weeks, with positive earnings estimate revisions for fiscal 2025 [12] - With strong momentum and VGM Style Scores, Allegiant Travel is positioned as a noteworthy investment opportunity [13]