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SkyWest(SKYW) - 2024 Q2 - Quarterly Results
2024-07-25 20:01
● Q2 2024 pre-tax income of $102 million, net income of $76 million, or $1.82 per diluted share ● SkyWest took delivery of eight of the 20 E175 partner-financed aircraft under a previously announced agreement with United Airlines ● Block hour production increased 12% in Q2 2024 compared to Q2 2023 Commercial Agreements 3 Exhibit 99.1 Operating expenses were $747 million in Q2 2024, up $53 million, or 8%, from $694 million in Q2 2023. The increase in operating expenses was primarily driven by the 12% increas ...
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
The regional airline's shares have seen an increase of 3.39% over the last month, not keeping up with the Transportation sector's gain of 4.01% and outstripping the S&P 500's gain of 2.14%. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Industry Rank assesses the vigor of ...
Why SkyWest (SKYW) is a Top Momentum Stock for the Long-Term
ZACKS· 2024-07-18 14:50
Zacks Premium includes access to the Zacks Style Scores as well. Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days. The Style Scores are broken down into four categories: Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, an ...
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) Trading Near 52-Week High: Too Late to Invest?
ZACKS· 2024-07-15 17:30
Image Source: Zacks Investment Research 50-Day Moving Average Production delays at Boeing (BA) hurt the fleet-related plans of airline heavyweights in the United States. However, this supply-chain mess worked in favor of SKYW and improved its pilot-staffing scenario. This is because, following the recovery in air travel demand post-COVID, airline heavyweights recruited pilots from regional airlines to meet their labor crunch. Another favorable aspect, owing to Boeing's production problem, is that the demand ...
Will SkyWest (SKYW) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2024-07-15 17:11
For the most recent quarter, SkyWest was expected to post earnings of $1.24 per share, but it reported $1.45 per share instead, representing a surprise of 16.94%. For the previous quarter, the consensus estimate was $0.11 per share, while it actually produced $0.42 per share, a surprise of 281.82%. Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering SkyWest (SKYW) , which belongs to the Zacks Transportation - ...
Bull of the Day: SkyWest (SKYW)
ZACKS· 2024-07-09 12:00
The NASDAQ Composite has been ticking up to new all-time highs nearly every day. It can make it feel like the only way to make money is to chase some of these big names that have been printing money for investors. Some of those trades are getting really crowded though. You don't want to be the last one in when everyone else heads for the exits. The stock is currently a Zacks Rank #1 (Strong Buy). The reason for the favorable Zacks Rank is that analysts on Wall Street have been increasing their estimates for ...
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
Over the past 60 days, the stock has seen the Zacks Consensus Estimate for 2024 earnings being revised 0.2% upward. The Zacks Consensus Estimate for 2025 earnings has been revised 0.4% upward over the past 60 days. UAL currently carries a Zacks Rank #3 (Hold). Image Source: Zacks Investment Research | --- | --- | --- | --- | --- | --- | --- | |------------|-------------|-------|---------------------------------------------------------------|-------------------|------------------------|---------------------| ...