In the latest trading session, SkyWest (SKYW) closed at $54.33, marking a +1.74% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.67%. At the same time, the Dow added 0.82%, and the tech-heavy Nasdaq gained 0.78%.
Coming into today, shares of the regional airline had lost 1.18% in the past month. In that same time, the Transportation sector lost 0.95%, while the S&P 500 gained 1.25%.
Investors will be hoping for strength from SKYW as it approaches its next earnings release. The company is expected to report EPS of $1.21, up 17.48% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $738.52 million, down 5.73% from the year-ago period.
SKYW's full-year Zacks Consensus Estimates are calling for earnings of $5.78 per share and revenue of $3.01 billion. These results would represent year-over-year changes of +9.06% and -6.65%, respectively.
Investors might also notice recent changes to analyst estimates for SKYW. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. SKYW is currently sporting a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, SKYW is holding a Forward P/E ratio of 9.25. For comparison, its industry has an average Forward P/E of 9.62, which means SKYW is trading at a discount to the group.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 26, which puts it in the top 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SKYW in the coming trading sessions, be sure to utilize Zacks.com.
SkyWest, Inc. (SKYW): Free Stock Analysis Report
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