Ceri Breeze/iStock Editorial via Getty Images In November 2023, I covered SkyWest and saw a 75% upside based on a peer group EV/EBITDA valuation, and the 2023 results indicated a 53% upside based on a company median valuation. Fast-forward to August 2024, and we see that the stock price has increased 54%. With the most recent earnings report available and some improvements in our modelling of the stock price target, I am revisiting SkyWest stock. SkyWest Results Surge As Pilot Availability Improves SkyWest, ...

Investors in SkyWest, Inc. (SKYW) need to pay close attention to the stock based on moves in the options market lately. That is because the Oct 18, 2024 $30.00 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also ...

SkyWest's (SKYW) top line is boosted by an uptick in air travel demand. The company's proactive measures to expand and upgrade its fleet are commendable. Shareholder-friendly actions also bode well for SkyWest. However, high operating expenses are a major headwind. Factors Favoring SKYW SKYW is being well-served by the increase in flight volume and passenger loads, which is boosting charter revenues. Currently, SkyWest operates 16 aircraft at SkyWest Charter or SWC and anticipates robust expansion in on-dem ...

Operating Expenses | --- | --- | --- | --- | |-------------------------------------------------|-------------------|-----------------------|-------------------| | Aircraft in Service or Under Contract | June 30, 2024 | December 31, 2023 | June 30, 2023 | | E175s | 248 | 237 | 235 | | CRJ900s | 41 | 41 | 41 | | CRJ700s | 99 | 118 | 110 | | CRJ200s | 87 | 89 | 106 | | Total | 475 | 485 | 492 | Our significant accounting policies are summarized in Note 1 to our consolidated financial statements for the year en ...

SkyWest, Inc. (NASDAQ:SKYW) Q2 2024 Earnings Conference Call July 25, 2024 4:30 PM ET Company Participants Rob Simmons - Chief Financial Officer Eric Woodward - Chief Accounting Officer Chip Childs - President & Chief Executive Officer Wade Steel - Chief Commercial Officer Conference Call Participants Savi Syth - Raymond James Mike Linenberg - Deutsche Bank Duane Pfennigwerth - Evercore ISI Tom Fitzgerald - TD Cowen Operator Thank you for standing by. My name is JL [ph] and I will be your conference operato ...

● Q2 2024 pre-tax income of $102 million, net income of $76 million, or $1.82 per diluted share ● SkyWest took delivery of eight of the 20 E175 partner-financed aircraft under a previously announced agreement with United Airlines ● Block hour production increased 12% in Q2 2024 compared to Q2 2023 Commercial Agreements 3 Exhibit 99.1 Operating expenses were $747 million in Q2 2024, up $53 million, or 8%, from $694 million in Q2 2023. The increase in operating expenses was primarily driven by the 12% increas ...

The Zacks Consensus Estimate for the to-be-reported quarter's earnings and revenues is pegged at $1.73 per share and $814.40 million, respectively. SKYW has an awe-inspiring earnings surprise history, as reflected in the chart below. Earnings Whispers for Q2 SKYW has an Earnings ESP of +0.96% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here. We expect revenues from flying agreements (which account for the bulk of the top line) to have been impressive in the to-be-repor ...

The regional airline's shares have seen an increase of 3.39% over the last month, not keeping up with the Transportation sector's gain of 4.01% and outstripping the S&P 500's gain of 2.14%. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 Industry Rank assesses the vigor of ...

The airline industry is a crowded place. Finding winners in this space is easier said than done. Southwest Airlines (LUV) has been one of my favorites in this space for many years, but unfortunately, my investment in LUV has not gone according to plans, so far. While analyzing the prospects for the airline sector, I recently came across SkyWest, Inc. (NASDAQ:SKYW), a regional airline operator that draws little attention from both investors and consumers. SKYW stock, up more than 108% in the past 12 months, ...

The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. As such, the Zacks rating upgrade for SkyWest is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to ...