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 ...

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]

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 ...

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]

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 ...

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 ...

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 ...

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 ...

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, ...

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]