Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

SkyWest (SKYW) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this regional airline have returned +16%, compared to the Zacks S&P 500 composite's -0.5% change. During this period, the Zacks Transportation - Airline industry, which SkyWest falls in, has lost 1.3%. The key question now is: What could be the stock's future direction?While media releases or ...

SkyWest, Inc. (SKYW) stock has gained 6.4% since its third-quarter 2024 earnings release on Oct. 31, 2024.The uptick can be attributed to the better-than-expected third-quarter 2024 results wherein both earnings and revenues surpassed the Zacks Consensus Estimate. Notably, quarterly earnings per share (EPS) of $2.16 outpaced the Zacks Consensus Estimate of $1.92 and improved more than 100% year over year.Find the latest EPS estimates and surprises on ZacksEarnings Calendar.Revenues of $912.8 million beat th ...

David focuses on growth & momentum stocks that are reasonably priced and likely to outperform the market over the long-term. He is a long term investor of quality stocks and uses options for strategy. David told investors to buy in March 2009 at the bottom of the financial crisis. The S&P 500 increased 367% and the Nasdaq increased 685% from 2009 through 2019. He wants to help make people money by investing in high-quality growth stocks.Analyst’s Disclosure: I/we have no stock, option or similar derivative ...

If you want full access to all our reports, data and investing ideas, join The Aerospace Forum , the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform.Dhierin runs the investing group The Aerospace Forum , whose goal is to discover investment opportunities in the aerospace, defense and airline industry. With a background in aerospace engineering, he provides analysis of a complex industry with si ...

Table of Contents SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-14719 SKYWEST, INC. Incorporated under the laws of Utah 87-0292166 (I.R.S. Employer ID No.) 444 South River Road St. George, Utah 84790 (43 ...

SkyWest, Inc. (NASDAQ:SKYW) Q3 2024 Earnings Conference Call October 31, 2024 4:30 PM ET Company Participants Rob Simmons - Chief Financial Officer Eric Woodward - Chief Accounting Officer Chip Childs - President and Chief Executive Officer Wade Steel - Chief Commercial Officer Conference Call Participants Mike Linenberg - Deutsche Bank Savi Syth - Raymond James Tom Fitzgerald - TD Cowen Operator Hello and welcome to the SkyWest Incorporated Third Quarter 2024 Results Call. [Operator Instructions] As a remi ...

SkyWest (SKYW) came out with quarterly earnings of $2.16 per share, beating the Zacks Consensus Estimate of $1.92 per share. This compares to earnings of $0.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.50%. A quarter ago, it was expected that this regional airline would post earnings of $1.73 per share when it actually produced earnings of $1.82, delivering a surprise of 5.20%.Over the last four quarters, the company ...

Financial Performance - Q3 2024 pre-tax income of $116 million, net income of $90 million, or $2.16 per diluted share[1] - Revenue increased by 19% to $913 million in Q3 2024 compared to $766 million in Q3 2023[3] - Operating expenses rose by 9% to $781 million in Q3 2024 from $717 million in Q3 2023[4] - SkyWest had $836 million in cash and marketable securities as of September 30, 2024[5] - Cash and marketable securities increased slightly to $836,042 thousand as of September 30, 2024, compared to $835,223 thousand at the end of 2023[18] - Total assets decreased to $6,956,600 thousand as of September 30, 2024, from $7,026,293 thousand at the end of 2023[18] Debt and Share Repurchase - Total debt decreased to $2.7 billion as of September 30, 2024, down from $3.0 billion at December 31, 2023[5] - Long-term debt decreased to $2,196,548 thousand as of September 30, 2024, from $2,562,183 thousand at the end of 2023[18] - SkyWest repurchased 217,000 shares of common stock for $16.3 million during Q3 2024[6] Aircraft and Contracts - SkyWest reached an agreement with United Airlines to place 40 CRJ550s under a multi-year contract, including acquiring 11 used CRJ550s and converting 29 CRJ700s[8] - SkyWest received 20 E175 partner-financed aircraft deliveries year-to-date Q3 2024[9] - By the end of 2026, SkyWest is scheduled to operate a total of 278 E175 aircraft[7] - Cumulative deferred revenue under flying contracts was $342 million as of September 30, 2024[3] - Total aircraft in service or under contract remained stable at 484 as of September 30, 2024, compared to 485 at the end of 2023[20] - E175 aircraft increased to 258 as of September 30, 2024, up from 237 at the end of 2023[20] Operational Metrics - Total block hours increased by 15.0% to 334,459 for the three months ended September 30, 2024, compared to the same period in 2023[22] - Passengers carried increased by 10.3% to 11,263,322 for the three months ended September 30, 2024, compared to the same period in 2023[22] - Adjusted flight completion remained stable at 99.9% for the three months ended September 30, 2024, consistent with the same period in 2023[22] - Passenger load factor decreased by 1.4 percentage points to 83.7% for the three months ended September 30, 2024, compared to the same period in 2023[22] - Average trip length increased by 2.0% to 455 miles for the three months ended September 30, 2024, compared to the same period in 2023[22]

SkyWest (SKYW) is scheduled to release third-quarter 2024 results on Oct. 31, after market close. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. The Zacks Consensus Estimate for the to-be-reported quarter's earnings and revenues is pegged at $1.92 per share and $887.48 million, respectively. The earnings estimate for the to-be-reported quarter has remained stable in the past 60 days. The bottom-line expectation indicates year-over-year growth of 249.1%. The Zacks Consensus Estimate ...