We have issued an updated research report on Allegiant Travel Company ALGT on Oct 12.The company has an impressive surprise history. It beat earnings estimates in each of the trailing four quarters, the average being 21.1%.The Las Vegas, NV-based company recently reported impressive traffic figures for September 2018. Traffic for the total system (including scheduled service and fixed-fee contract), measured in revenue passenger miles (RPMs), increased 16.4% on a year-over-year basis to 699.08 million. System capacity, calculated in available seat miles (ASMs), expanded 11.2% to 888.48 million. Owing to traffic growth outpacing capacity expansion, load factor (percentage of seats filled with passengers) improved 350 basis points (bps) year over year to 78.7%. Moreover, the multi-year partnership agreement between Allegiant and Vegas Golden Knights is a positive. The agreement, which has enabled Allegiant become the official domestic airline partner of the Vegas Golden Knights, entails to enthrall hockey fans in North America via key activations and sponsored content.Furthermore, the company’s efforts to reward shareholders in the form of share buybacks and dividend payments are impressive. In the first half of 2018, Allegiant rewarded shareholders with dividend worth $22 million. The company has a share repurchase authorization of $100 million as of Jul 25, 2018.Additionally, Allegiant’s trailing 12-month return on equity (ROE) underlines growth potential. The company’s ROE of 30.2% compares favorably with ROE of 23.2% for the industry, reflecting efficient utilization of shareholders’ funds.Allegiant Travel Company Price Allegiant Travel Company Price | Allegiant Travel Company Quote However, rising fuel costs are expected to limit bottom-line growth at Allegiant in the third quarter of 2018. Fuel cost for the third quarter is pegged at $2.41 per share. The low-cost carrier is scheduled to report third-quarter earnings results on Oct 24.The company also has an impressive VGM Score of B. Here, V stands for Value, G for Growth and M for Momentum and the score is a weighted combination of all three scores.In light of these tailwinds, we believe that Allegiant should be retained by investors for now. The Zacks Rank #3 (Hold) carried by the stock seems to suggest the same.Stocks to ConsiderA few better-ranked stocks in the broader Transportation Sector are Trinity Industries, Inc. TRN, Norfolk Southern Corporation NSC and ArcBest Corporation ARCB. While Norfolk carries a Zacks Rank #2 (Buy), Trinity and ArcBest sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Shares of Trinity, Norfolk and ArcBest have gained 10.2%, 24.7% and 15.2% in the past six months, respectively.More Stock News: This Is Bigger than the iPhone!It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.Click here for the 6 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Allegiant Travel Company (ALGT): Free Stock Analysis Report Trinity Industries, Inc. (TRN): Free Stock Analysis Report Norfolk Southern Corporation (NSC): Free Stock Analysis Report ArcBest Corporation (ARCB): Free Stock Analysis Report To read this article on Zacks.com click here.