Sky Harbour Group Corporation (SKYH) closed the last trading session at $10.13, gaining 3.7% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $17.92 indicates a 76.9% upside potential.The mean estimate comprises six short-term price targets with a standard deviation of $4.8. While the lowest estimate of $14.00 indicates a 38.2% increase from the current price level, the most optimis ...

Group 1 - The individual holds a PhD in Machine Learning with a focus on Economics and Finance, indicating a strong academic background relevant to financial analysis [1] - Professional experience includes working at Deloitte Financial Advisory, specializing in Data Science and Machine Learning applications for clients in banking, insurance, and finance, highlighting expertise in applying advanced technologies in financial sectors [1] - Current teaching roles include Asset Pricing and Introduction to Corporate Finance at ESADE Business School, suggesting involvement in educating future finance professionals [1] Group 2 - Research interests focus on Generative AI in sustainable finance, indicating a trend towards integrating advanced AI technologies in financial practices [1] - Proficiency in programming languages such as Python, R, and SQL, which are essential for data analysis and financial modeling in the industry [1] - The individual has publications in Artificial Intelligence and finance journals, reflecting a commitment to contributing to academic and professional discourse in these fields [1]

Sky Harbour Group (SKYH) Conference June 05, 2025 12:30 PM ET Speaker0 Welcome, everybody. My name is Pat McCann with Noble Capital Markets. Today, we have Tim Erg, who's the senior vice president of finance and treasurer for Sky Harbor. Before we get started, I just wanna mention that at Noble, we recently initiated coverage on the company, ticker SKYH, with an outperform rating and $23 price target based on a discounted free cash flow analysis. I think it's a really interesting and unique company. And so ...

Core Insights - Sky Harbour Group Corp. (NYSE: SKYH) demonstrated strong momentum in Q1 2025, driven by the expansion of its aviation infrastructure and increased operational capacity [1][7] - The company initiated operations at its Phoenix Deer Valley campus and is preparing for openings at Dallas Addison and Denver Centennial, scheduled for Q2 2025 [1] - Sky Harbour added a new facility at Seattle's Boeing Field, with approximately 90,000 sq ft of rentable space, and signed new ground leases at Hillsboro and Stewart International [1] Financial Performance - Sky Harbour reported total revenue of $5.6 million in Q1 2025, representing a 133% increase from $2.4 million in Q1 2024 and a 20% sequential increase [7] - As of the end of Q1 2025, the company's total assets amounted to $553.7 million, with liquidity remaining strong at $97.5 million [7] Operational Expansion - The company's portfolio includes eight operational campuses, one under construction, and ten in pre-development, positioning it for significant long-term growth [1][7]

2024 Q4 Earnings Webcast March 27th, 2025 DI SCLAI M ER This Presentation includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "goal," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or tha ...

2025 Q1 Earnings Webcast May 13th, 2025 DI SCLAI M ER General This presentation and information provided at a webcast or meeting at which it is presented (the "Presentation") is for informational purposes only to assist investors, prospective investors and other parties in making their own evaluation with respect to Sky Harbor Group Corporation ("Sky Harbour"). The information contained herein does not purport to be all-inclusive, and neither Sky Harbour nor any of its respective affiliates, directors, offi ...

Company Performance - Sky Harbour Group Corporation (SKYH) reported a quarterly loss of $0.11 per share, which was better than the Zacks Consensus Estimate of a loss of $0.25, representing an earnings surprise of 56% [1] - The company posted revenues of $5.59 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 5.20%, compared to revenues of $2.4 million a year ago [2] - Over the last four quarters, Sky Harbour Group has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Market Outlook - Sky Harbour Group shares have increased by approximately 0.1% since the beginning of the year, while the S&P 500 has declined by 0.6% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.05 on revenues of $7.85 million, and for the current fiscal year, it is -$0.20 on revenues of $33.85 million [7] - The Zacks Industry Rank for Aerospace - Defense Equipment is currently in the top 8% of over 250 Zacks industries, indicating a favorable outlook for the industry [8] Earnings Estimate Revisions - The estimate revisions trend for Sky Harbour Group is mixed, leading to a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Sky Harbour Group (SKYH) Q1 2025 Earnings Call May 13, 2025 05:00 PM ET Company Participants Francisco Gonzalez - Chief Financial OfficerMichael Schmitt - Chief Accounting OfficerTal Keinan - Chairman & CEOTim Herr - SVP - Finance & TreasurerMarty Kretchman - SVP - Airports Operator Good afternoon. My name is Tina, and I will be your conference operator today. At this time, I would like to welcome everyone to the conference call. All lines have been placed on mute to prevent any background noise. After the ...

Financial Data and Key Metrics Changes - Consolidated revenues increased by 133% year-over-year and 20% sequentially, driven by the acquisition of the Camarillo Campus [7] - Cash flow from operating activities improved, with expectations to reach cash flow breakeven by the end of the year [8][9] - Operating expenses increased moderately, with a notable rise in fuel expenses and startup costs related to new operations [9][10] Business Line Data and Key Metrics Changes - The financial results of Sky Harbor Capital, including Houston, Miami, and Nashville campuses, showed flat revenues in recent quarters, with expectations for significant increases in Q2, Q3, and Q4 as new campuses lease up [10][11] - The company is ramping up operations at three new campuses in Phoenix, Addison, and Denver, with leasing activities already underway [35][36] Market Data and Key Metrics Changes - The company is expanding its ground lease pipeline, with new leases in Seattle and Portland, indicating growth in the Pacific Northwest [12][31] - The average rent per square foot has increased significantly, with current rates at $35.75, which is 23% higher than previous estimates [15][16] Company Strategy and Development Direction - The company is focusing on vertical integration in construction to manage costs, improve build quality, and speed up project timelines [20][21] - There is a strong emphasis on site acquisition as a competitive advantage, with a pipeline of over 100 airports being targeted [58][60] - The company aims to differentiate itself through a bundled real estate and service offering, enhancing its competitive moat [25][62] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the demand for business aviation services, noting that macroeconomic uncertainties have not impacted their operations [88][89] - The company is prepared to navigate potential construction slowdowns and remains focused on accelerating site acquisitions [82][88] Other Important Information - The company has approximately $97.5 million in cash, with a strategy focused on short-term U.S. Treasury investments [26] - There are ongoing preparations for a debt issuance, with potential amounts increasing from $150 million to $175 million [54][56] Q&A Session Summary Question: Plans to raise debt this year - The company is preparing for a financing of $150 million to $175 million for upcoming projects, monitoring market conditions closely [54][56] Question: Competition from operators replicating the model - Management expressed concern about new competition but believes their lead is sustainable due to unique site acquisition skills and integrated operations [58][60] Question: Expected interest rates and timing on financing - Interest rates for bond deals are projected around 5.50%, with bank facilities expected to be in the SOFR plus 200 area [97][99] Question: Nashville occupancy - Nashville occupancy is reported at 92%, with actual occupancy exceeding 100% due to the nature of semi-private hangars [90][92]

Financial Data and Key Metrics Changes - As of the end of Q1 2025, assets under construction and completed construction reached over $275 million, driven by construction activities in Phoenix, Dallas, and Denver [7] - Revenues increased by 133% year-over-year and 20% sequentially, attributed to the acquisition of the Camarillo Campus [7] - Operating expenses increased moderately, with a notable rise in fuel expenses and startup costs due to increased headcount and full operations at the Camarillo Hangar Campus [10][12] Business Line Data and Key Metrics Changes - The financial results of Sky Harbor Capital, including Houston, Miami, and Nashville campuses, showed flat revenues in recent quarters, with expectations for significant increases in Q2, Q3, and Q4 as new campuses lease up [12] - Operating expenses rose due to onboarding personnel in anticipation of new campus operations [12] Market Data and Key Metrics Changes - The company is expanding its ground lease portfolio, with new leases in Seattle and Portland, and anticipates significant revenue growth from these locations [14][15] - The average rent per square foot has increased from $29.08 to $35.75, representing a 23% increase over the original estimate, with expectations of reaching $40.06 based on recent leases [17][18] Company Strategy and Development Direction - The company is focusing on vertical integration in construction to manage costs, improve build quality, and speed up project timelines [22][24] - The strategy includes a significant ramp-up in development activities, with plans for 23 campuses by the end of 2025 and 16 additional campuses in development [38][47] - The company aims to differentiate itself through a unique bundled real estate and service offering, targeting high-quality construction and operational efficiency [29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving cash flow breakeven by the end of 2025 as new campuses ramp up leasing [8] - The company remains optimistic about demand in business aviation, with no significant impacts from macroeconomic uncertainties reported [90] - Management acknowledged concerns about potential competition but emphasized the strength of their site acquisition capabilities and integrated operational model as competitive advantages [60][62] Other Important Information - The company has approximately $97.5 million in cash and U.S. Treasuries, with a focus on short-term investments for future construction [30] - The company is preparing for a debt issuance of $150 million to $175 million to fund new projects, monitoring market conditions closely [56][99] Q&A Session Summary Question: Plans to raise debt this year - The company is preparing for a financing of $150 million to $175 million for upcoming projects, keeping an eye on market conditions [56][57] Question: Competition from operators replicating the model - Management expressed concern about new competition but believes their integrated model and site acquisition expertise provide a sustainable competitive advantage [60][62] Question: Expected interest rate and timing on financing - Interest rates for a bond deal are expected to be around 5.5%, with bank facilities potentially in the SOFR plus 200 area [99][100] Question: Nashville occupancy - Nashville occupancy is reported at 92%, with actual occupancy exceeding 100% due to the nature of semi-private hangars [92][94]