SkyWest(SKYW)

Search documents
Should You Buy SkyWest (SKYW) Stock Ahead of Q2 Earnings?
ZACKS· 2024-07-22 15:25
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 ...
Why SkyWest (SKYW) Dipped More Than Broader Market Today
ZACKS· 2024-07-18 23:05
Company Performance - SkyWest's shares increased by 3.39% over the last month, underperforming the Transportation sector's gain of 4.01% and outperforming the S&P 500's gain of 2.14% [1] - SkyWest is currently traded at a Forward P/E ratio of 12.33, indicating a premium compared to its industry's Forward P/E of 9.25 [5] - The company is scheduled to release its earnings on July 25, 2024, with a forecasted EPS of $1.73, reflecting a 394.29% increase from the same quarter last year [6] Earnings Estimates - The Zacks Consensus Estimates project earnings of $6.83 per share and revenue of $3.36 billion for the full year, showing changes of +787.01% and +14.58% respectively from the previous year [4] - The Zacks Consensus Estimate for revenue is projecting net sales of $814.4 million, up 12.23% from the year-ago period [6] - The Zacks Rank system indicates that SkyWest currently holds a Zacks Rank of 2 (Buy) [7] Industry Context - The Transportation - Airline industry ranks in the bottom 40% of all industries, with a current Zacks Industry Rank of 153 out of over 250 industries [11] - The Zacks Industry Rank shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [3]
SkyWest: Despite The Surge, This Top Performer Remains A Bargain
Seeking Alpha· 2024-07-18 01:26
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, ...
SkyWest (SKYW) Upgraded to Strong Buy: What Does It Mean for the Stock?
ZACKS· 2024-07-08 17:01
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 ...
3 Airline Stocks You Should Keep an Eye on in 2H24
ZACKS· 2024-07-02 15:50
Core Insights - The airline industry is experiencing a significant rebound in air travel demand, particularly in leisure travel, which is positively impacting stock performance [11] - The International Air Transport Association (IATA) has revised its global profitability forecast for the airline industry, increasing it to $30.5 billion for the current year, up from $25.7 billion [12] Company-Specific Insights - United Airlines (UAL) has seen a 0.2% upward revision in the Zacks Consensus Estimate for 2024 earnings over the past 60 days, with a 0.4% upward revision for 2025 earnings [1] - Alaska Air (ALK) has experienced a 2% upward revision in the Zacks Consensus Estimate for 2024 earnings and a 5.1% upward revision for 2025 earnings over the same period [4] - SkyWest (SKYW) has a Zacks Rank 2 (Buy) and has seen a 6.9% improvement in the 2024 earnings estimate over the past 90 days, with an expected earnings growth rate of more than 100% for 2024 [7][10] Market Trends - Passenger traffic is expected to remain high throughout the year, with U.S. airlines anticipated to carry 271 million passengers from June 1 to August 31, 2024 [8] - The airline industry is expected to perform strongly in the latter half of 2024, driven by high passenger volumes and favorable earnings estimate revisions [9][11]
The 3 Smartest Transportation Stocks to Buy With $500 Right Now
Investor Place· 2024-06-28 13:10
Finding the right transportation stocks to buy is more crucial than ever in today's interconnected global economy. That's because reliable transportation systems form the backbone of trade and mobility, making them indispensable to making money. However, despite its pertinence, the transportation space is up against multiple headwinds weighing down industry valuations. Some of these include production delays and labor shortages, making investors skeptical of the industry's prospects. Despite challenges, the ...
SkyWest (SKYW) Laps the Stock Market: Here's Why
ZACKS· 2024-06-27 23:06
Company Performance - For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.83 per share and a revenue of $3.36 billion, signifying shifts of +787.01% and +14.58%, respectively, from the last year [1] - SkyWest is expected to report an EPS of $1.73, marking a 394.29% rise compared to the same quarter of the previous year, with a projected revenue of $814.4 million, reflecting a 12.23% rise from the equivalent quarter last year [8] Stock Performance - Shares of SkyWest witnessed a gain of 11.25% over the previous month, outperforming the Transportation sector, which experienced a loss of 1.91%, and the S&P 500's gain of 3.38% [2] - SkyWest closed at $81.85 in the latest trading session, marking a +1.54% move from the prior day, outpacing the S&P 500's 0.09% gain on the day [7] Analyst Estimates and Rankings - Recent modifications to analyst estimates for SkyWest indicate positive sentiment, with the Zacks Consensus EPS estimate moving 0.24% higher over the last 30 days, currently carrying a Zacks Rank of 2 (Buy) [3][4] - The Zacks Rank system has an impressive track record, with 1 stocks generating an average annual return of +25% since 1988 [4] Industry Overview - The Transportation - Airline industry is part of the Transportation sector, holding a Zacks Industry Rank of 81, placing it in the top 33% of all 250+ industries [5] - SkyWest is currently traded at a Forward P/E ratio of 11.81, indicating a premium relative to the industry's average Forward P/E of 8.97 [10]
SkyWest, Inc. (SKYW) is Attracting Investor Attention: Here is What You Should Know
ZACKS· 2024-06-27 14:01
Over the past month, shares of this regional airline have returned +11.3%, compared to the Zacks S&P 500 composite's +3.4% change. During this period, the Zacks Transportation - Airline industry, which SkyWest falls in, has lost 4.8%. The key question now is: What could be the stock's future direction? Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present val ...
Are Investors Undervaluing SkyWest (SKYW) Right Now?
ZACKS· 2024-06-25 14:46
Core Insights - The article emphasizes the importance of value investing as a successful strategy across various market conditions, focusing on identifying undervalued companies through fundamental analysis [2][9] Company Analysis: SkyWest (SKYW) - SkyWest (SKYW) holds a Zacks Rank of 1 (Strong Buy) and a Value grade of A, with a current P/E ratio of 10.77, significantly lower than the industry average of 15.84 [4] - The P/B ratio for SKYW is 1.48, which is favorable compared to the industry average of 3.45, indicating solid valuation metrics [5] - SKYW's P/CF ratio stands at 6.59, which is attractive relative to the industry's average of 10.34, suggesting the stock may be undervalued based on cash flow [6] Company Analysis: Controladora Vuela Compania de Aviacion, B. de C.V. (VLRS) - Controladora Vuela Compania de Aviacion, B. de C.V. (VLRS) also has a Zacks Rank of 1 (Strong Buy) and a Value grade of A, with a Forward P/E ratio of 8.50, well below the industry average [7] - VLRS's P/B ratio is 2.67, which is lower than the industry average of 3.45, indicating a potentially attractive valuation [8] - The article notes that VLRS's PEG ratio is -2.17, contrasting sharply with the industry average of 0.73, further suggesting undervaluation [7][8] Conclusion - Both SkyWest and Controladora Vuela Compania de Aviacion, B. de C.V. are highlighted as strong value stocks, with metrics indicating they are likely undervalued at present, supported by their strong earnings outlook [9]
SkyWest (SKYW) Registers a Bigger Fall Than the Market: Important Facts to Note
ZACKS· 2024-06-21 23:05
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 97, which puts it in the top 39% of all 250+ industries. SkyWest (SKYW) closed the most recent trading day at $79.44, moving -0.4% from the previous trading session. This change lagged the S&P 500's 0.16% loss on the day. Meanwhile, the Dow experienced a rise of 0.04%, and the technology-dominated Nasdaq saw a decrease of 0.18%. Shares of the regional airline have appreciated by 8 ...