Workflow
SkyWest(SKYW)
icon
Search documents
Is SkyWest (SKYW) Stock Outpacing Its Transportation Peers This Year?
ZACKS· 2024-06-21 14:40
The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has SkyWest (SKYW) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Transportation sector should help us answer this question. The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that ...
SkyWest, Inc. (SKYW) Is a Trending Stock: Facts to Know Before Betting on It
ZACKS· 2024-06-13 14:34
Over the past month, shares of this regional airline have returned +3.1%, compared to the Zacks S&P 500 composite's +4% change. During this period, the Zacks Transportation - Airline industry, which SkyWest falls in, has lost 2.7%. The key question now is: What could be the stock's future direction? Revisions to Earnings Estimates Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings ...
SkyWest (SKYW) Stock Drops Despite Market Gains: Important Facts to Note
ZACKS· 2024-06-11 22:56
With respect to valuation, SkyWest is currently being traded at a Forward P/E ratio of 11.14. Its industry sports an average Forward P/E of 8.94, so one might conclude that SkyWest is trading at a premium comparatively. The investment community will be closely monitoring the performance of SkyWest in its forthcoming earnings report. It is anticipated that the company will report an EPS of $1.70, marking a 385.71% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimat ...
Here's Why SkyWest (SKYW) is a Strong Momentum Stock
ZACKS· 2024-06-10 14:55
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. What are the Zacks Style Scores? The Style Scores are broken down into four categories: Growth Score VGM Score It also includes access to the Zacks Style Scores. Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, ...
SkyWest (SKYW) Stock Sinks As Market Gains: Here's Why
ZACKS· 2024-06-04 22:52
Group 1 - SkyWest's stock closed at $78.63, reflecting a -0.98% change from the previous day, underperforming the S&P 500's gain of 0.15% [1] - Over the past month, SkyWest's stock has increased by 3.14%, outperforming the Transportation sector's decline of 2.15% but lagging behind the S&P 500's rise of 3.2% [1] Group 2 - SkyWest is expected to report earnings of $1.70 per share, indicating a year-over-year growth of 385.71%, with projected quarterly revenue of $814.4 million, up 12.23% from the previous year [2] - For the fiscal year, earnings are projected at $6.81 per share and revenue at $3.36 billion, representing increases of +784.42% and +14.58% respectively from the prior year [3] Group 3 - Recent analyst estimate revisions for SkyWest are seen as positive indicators for the company's business outlook, reflecting short-term business trends [3] - The Zacks Rank system, which evaluates estimate changes, currently ranks SkyWest at 1 (Strong Buy), with a historical average annual return of +25% for stocks at this rating since 1988 [5] Group 4 - SkyWest's Forward P/E ratio is 11.66, which is higher than the industry's average Forward P/E of 8.98 [6] - The Transportation - Airline industry has a Zacks Industry Rank of 157, placing it in the bottom 38% of over 250 industries [6]
SkyWest (SKYW) Soars 6.4%: Is Further Upside Left in the Stock?
ZACKS· 2024-06-04 15:11
SkyWest (SKYW) shares ended the last trading session 6.4% higher at $79.41. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 0.9% loss over the past four weeks. SkyWest is the largest regional airline in The United States. The company is benefiting from upbeat in air-travel demand, favorable pricing and low operating expenses. Driven by these tailwinds, SKYW has performed well on a year-to-date basis gaining 52.1%. ...
SkyWest, Inc. (SKYW) Hits Fresh High: Is There Still Room to Run?
ZACKS· 2024-06-04 14:16
For the current fiscal year, SkyWest is expected to post earnings of $6.81 per share on $3.36 billion in revenues. This represents a 784.42% change in EPS on a 14.58% change in revenues. For the next fiscal year, the company is expected to earn $7.98 per share on $3.7 billion in revenues. This represents a year-over-year change of 17.17% and 9.86%, respectively. Valuation Metrics SkyWest may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking ...
Here's Why You Should Invest in SkyWest (SKYW) Stock Now
ZACKS· 2024-06-04 13:46
SkyWest, Inc.'s (SKYW) fleet-upgrade efforts are commendable. The company's efforts to reward its shareholders through buybacks are praiseworthy, too. Owing to the tailwinds, SKYW shares have performed impressively on the bourse. If you have not taken advantage of its share price appreciation yet, it's time to do so. Impressive Earnings Surprise History: SKYW has an impressive earnings surprise history. The company's earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, with ...
Should Value Investors Buy SkyWest (SKYW) Stock?
ZACKS· 2024-06-03 14:46
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are und ...
Investors Heavily Search SkyWest, Inc. (SKYW): Here is What You Need to Know
ZACKS· 2024-05-30 14:00
SkyWest (SKYW) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Shares of this regional airline have returned -1.1% over the past month versus the Zacks S&P 500 composite's +3.2% change. The Zacks Transportation - Airline industry, to which SkyWest belongs, has lost 3.2% over this period. Now the key question is: Where could the stock be headed in the near term? Wh ...