Company Performance - SkyWest's stock closed at $87.35, reflecting a +0.9% change from the previous day, outperforming the S&P 500's gain of 0.71% [1] - The stock has increased by 15.88% over the past month, significantly higher than the Transportation sector's gain of 3.49% and the S&P 500's gain of 6.41% [1] Upcoming Earnings - SkyWest is set to release its earnings report on October 31, 2024, with an anticipated EPS of $1.92, representing a 249.09% increase year-over-year [2] - The consensus estimate for quarterly revenue is $887.48 million, which is a 15.83% increase from the same period last year [2] Annual Forecast - The Zacks Consensus Estimates project earnings of $6.88 per share and revenue of $3.44 billion for the year, indicating increases of +793.51% and +17.12% respectively compared to the previous year [3] - Recent analyst estimate revisions suggest a positive outlook for SkyWest's business and profitability [3] Analyst Ratings - The Zacks Rank system, which assesses estimate changes, indicates that stocks rated 1 (Strong Buy) have historically delivered an average annual return of +25% since 1988 [5] - Currently, SkyWest holds a Zacks Rank of 3 (Hold), with no changes in the consensus EPS estimate over the past month [5] Valuation Metrics - SkyWest has a Forward P/E ratio of 12.58, which is above the industry average Forward P/E of 10.17 [6] - The Transportation - Airline industry is ranked 51 in the Zacks Industry Rank, placing it in the top 21% of over 250 industries [6]

Core Viewpoint - The average brokerage recommendation (ABR) for SkyWest (SKYW) is 1.75, indicating a consensus leaning towards a "Buy" rating, but caution is advised as brokerage recommendations may not reliably predict stock performance [2][3]. Group 1: Brokerage Recommendations - SkyWest has an ABR of 1.75, which is between "Strong Buy" and "Buy," with 50% of recommendations being "Strong Buy" and 25% being "Buy" [2]. - Brokerage analysts tend to exhibit a strong positive bias in their ratings, often issuing five "Strong Buy" recommendations for every "Strong Sell" [4][8]. - The ABR is based solely on brokerage recommendations and may not reflect the actual price movement of the stock [7][10]. Group 2: Zacks Rank vs. ABR - The Zacks Rank, which is a quantitative model based on earnings estimate revisions, is a more reliable indicator of near-term stock performance compared to the ABR [6][9]. - The Zacks Rank is updated more frequently and reflects changes in earnings estimates, making it a timely tool for predicting future price movements [10]. - SkyWest currently holds a Zacks Rank of 3 (Hold), indicating a cautious outlook despite the positive ABR [12]. Group 3: Earnings Estimates - The Zacks Consensus Estimate for SkyWest's earnings remains unchanged at $6.88 for the current year, suggesting stability in analysts' views on the company's earnings prospects [11]. - The lack of change in the consensus estimate may lead to SkyWest performing in line with the broader market in the near term [11].

SkyWest (NASDAQ: SKYW ) is the largest regional airline in the US with a fleet of 600 (475 owned) aircraft, flying scheduled passengers across and within the US, Canada and Mexico. SkyWest doesn't operate as a traditional I'm an IMC qualified contributor who's followed financial markets for 5 years and has worked professionally in primary investment research for over 2 years. I'm a generalist who enjoys researching businesses from a buttom's up angle with a deep interest in smaller under covered companies w ...

SkyWest's (SKYW) top line is boosted by the increased air travel demand. The company's proactive measures to expand its fleet are praiseworthy. However, SKYW's financial stability, challenged by escalated operating expenses and weak liquidity, is hurting the company's bottom line. Factors Favoring SKYW Upbeat air travel demand bodes well for SkyWest's prospects, boosting the company's charter revenues. Currently, SkyWest operates 16 aircraft under SkyWest Charter or SWC and anticipates strong growth in onde ...

SkyWest (SKYW) closed at $78.87 in the latest trading session, marking a -0.94% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.03%. Elsewhere, the Dow saw a downswing of 0.04%, while the tech-heavy Nasdaq appreciated by 0.2%. Shares of the regional airline witnessed a gain of 7.7% over the previous month, beating the performance of the Transportation sector with its gain of 3.7% and the S&P 500's gain of 1.54%. The investment community will be paying close attenti ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about SkyWest (SKYW) . SkyWest currently has an average brokerage recommendation ...

In the latest trading session, SkyWest (SKYW) closed at $75.41, marking a +0.76% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.3%. At the same time, the Dow lost 0.54%, and the techheavy Nasdaq gained 0.25%. The the stock of regional airline has risen by 6.23% in the past month, leading the Transportation sector's gain of 3.95% and the S&P 500's gain of 3.42%. The investment community will be paying close attention to the earnings performance of SkyWest in its upcoming release ...

SkyWest (SKYW) shares have returned 45.4% year to date, outperforming both the Zacks Transportation sector and the Zacks Airline industry. SkyWest shares have also performed better than other airline players over the same time frame, including Southwest Airlines (LUV) and Alaska Air Group (ALK) . The outperformance can be attributed to tailwinds like buoyant air travel demand, a strong balance sheet and upbeat capital management. Zacks Investment Research Image Source: YTD Price Performance Given the recent ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about SkyWest (SKYW) . SkyWest currently has an average brokerage reco ...

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, ...