John M Lund Photography Inc Introduction I first wrote up my initial investment thesis on SkyWest, Inc. (NASDAQ:SKYW) in June 2024. Back then, I felt that SkyWest was a strong American regional airline that had been experiencing improving asset utilization, which was leading to both top and bottom line growth. As a testament to its resiliency as a regional airline coming out of the COVID-19 crisis, I believed the company deserved its premium multiple relative to peers. With flying agreements promoting reven ...

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, ...

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 ...

As we continue to focus on improving our return on invested capital, we would like to highlight the following: As a result of repurchasing 10.9 million shares since the beginning of 2023, we had 40 million shares outstanding as of June 30, 2024. And compared to $50.6 million as of the start of 2023. As of June 30, we had $69 million remaining under our furnished share repurchase authorization. We anticipate continuing to be opportunistic in repurchasing shares going forward, although at a significantly slow ...

SkyWest (SKYW) came out with quarterly earnings of $1.82 per share, beating the Zacks Consensus Estimate of $1.73 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for nonrecurring items. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Over the last four quarters, the company has surpassed consensus EPS estimates f ...