SkyWest(SKYW)
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SkyWest(SKYW) - 2025 Q1 - Quarterly Results
2025-04-24 20:01
Exhibit 99.1 NEWS RELEASE CONTACT: Investor Relations Corporate Communications 435.634.3200 435.634.3553 Investor.relations@skywest.com corporate.communications@skywest.com SkyWest, Inc. Announces First Quarter 2025 Profit First Quarter 2025 Summary ST. GEORGE, UTAH, April 24, 2025 -- SkyWest, Inc. (NASDAQ: SKYW) ("SkyWest") today reported financial and operating results for Q1 2025, including net income of $101 million, or $2.42 per diluted share, compared to net income of $60 million, or $1.45 per diluted ...
SkyWest (SKYW) Ascends While Market Falls: Some Facts to Note
ZACKS· 2025-04-15 23:05
Company Performance - SkyWest (SKYW) closed at $85.48, reflecting a +0.45% change, outperforming the S&P 500's -0.17% on the same day [1] - Over the past month, SkyWest shares decreased by 3.7%, which is better than the Transportation sector's decline of 7.62% and the S&P 500's loss of 3.94% [1] Upcoming Earnings - SkyWest is expected to release its earnings report on April 24, 2025, with a forecasted EPS of $2.04, representing a 40.69% increase from the same quarter last year [2] - Revenue is anticipated to be $931.38 million, indicating a 15.9% increase compared to the previous year [2] Annual Forecast - For the entire year, Zacks Consensus Estimates predict earnings of $8.96 per share and revenue of $3.85 billion, reflecting increases of +15.32% and +9.23% respectively from the prior year [3] Analyst Estimates - Recent changes in analyst estimates for SkyWest indicate a positive outlook on the company's business operations and profit generation capabilities [4] - The Zacks Rank system, which incorporates these estimate changes, currently ranks SkyWest at 3 (Hold) [6] Valuation Metrics - SkyWest has a Forward P/E ratio of 9.5, which is higher than the industry average Forward P/E of 7.83 [6] - The company also has a PEG ratio of 1.08, compared to the Transportation - Airline industry's average PEG ratio of 0.71 [7] Industry Context - The Transportation - Airline industry is currently ranked 198 in the Zacks Industry Rank, placing it in the bottom 21% of over 250 industries [8]
SkyWest (SKYW) Suffers a Larger Drop Than the General Market: Key Insights
ZACKS· 2025-04-07 23:05
In the latest trading session, SkyWest (SKYW) closed at $79.34, marking a -1.12% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.23%. At the same time, the Dow lost 0.91%, and the tech-heavy Nasdaq gained 0.1%.Shares of the regional airline witnessed a loss of 8.9% over the previous month, beating the performance of the Transportation sector with its loss of 24.11% and the S&P 500's loss of 12.13%.Analysts and investors alike will be keeping a close eye on the perf ...
Wall Street Analysts See SkyWest (SKYW) as a Buy: Should You Invest?
ZACKS· 2025-04-07 14:46
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?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 recommendation (ABR) of 2.00, on a s ...
Why SkyWest (SKYW) is a Top Growth Stock for the Long-Term
ZACKS· 2025-04-03 14:50
Core Insights - Zacks Premium offers various tools for investors to enhance their stock market engagement and confidence [1] - The Zacks Style Scores serve as complementary indicators to the Zacks Rank, aiding in stock selection with high potential for market outperformance [2] Zacks Style Scores Overview - Stocks are rated A, B, C, D, or F based on value, growth, and momentum characteristics, with higher scores indicating better chances of outperforming the market [3] - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score [3][4][5][6] Value Score - Focuses on identifying undervalued stocks using ratios like P/E, PEG, Price/Sales, and Price/Cash Flow [3] Growth Score - Concentrates on a company's financial health and future outlook, analyzing projected and historical earnings, sales, and cash flow [4] Momentum Score - Targets stocks with upward or downward trends in price or earnings outlook, utilizing factors like one-week price change and monthly earnings estimate changes [5] VGM Score - Combines the three Style Scores to identify stocks with attractive value, strong growth forecasts, and promising momentum [6] Zacks Rank Integration - The Zacks Rank uses earnings estimate revisions to help investors build successful portfolios, with 1 (Strong Buy) stocks averaging a 25.41% annual return since 1988, outperforming the S&P 500 [7][8] Stock Selection Strategy - To maximize returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B, while also considering earnings estimate trends [9][10] Company Spotlight: SkyWest (SKYW) - SkyWest, a regional airline based in St. George, UT, holds a Zacks Rank of 2 (Buy) and a VGM Score of A, making it a strong candidate for growth investors [11] - The company is projected to achieve a 16% year-over-year earnings growth for the current fiscal year, with an upward revision in earnings estimates [12]
Here's Why Investors Should Bet on SkyWest Stock Right Now
ZACKS· 2025-04-03 14:40
Core Viewpoint - SkyWest (SKYW) is experiencing significant growth due to increased air travel demand and fleet expansion, leading to impressive share performance [1] Financial Performance - The Zacks Consensus Estimate for SKYW's earnings per share has been revised upward by 2.2% for the current year and for 2026, indicating broker confidence [2] - SKYW shares have risen 33.6% over the past year, outperforming the Zacks Transportation – Airline industry's growth of 41.1% [3] - SkyWest has a positive earnings surprise history, exceeding the Zacks Consensus Estimate in the last four quarters with an average surprise of 16.7% [4] Industry Position - The airline industry has a Zacks Industry Rank of 80 out of 245, placing it in the top 33%, which is crucial for stock performance [5] - The company consistently meets the demands of major airline partners, reinforcing its long-term success and strong revenue generation from flying agreements [6] Growth Strategy - SkyWest operates around 500 aircraft across more than 240 destinations, focusing on regional connectivity and expansion [7] - The company plans to operate 278 E175 aircraft by the end of 2026 and has acquired a 25% stake in Contour Airlines, highlighting its growth and efficiency focus [7] - A multi-year contract extension with American Airlines for 74 CRJ700s and the delivery of four new E175 aircraft under an agreement with United further solidifies its industry position [7]
SkyWest (SKYW) Surpasses Market Returns: Some Facts Worth Knowing
ZACKS· 2025-04-01 23:05
SkyWest (SKYW) ended the recent trading session at $88.09, demonstrating a +0.82% swing from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.38%. Meanwhile, the Dow experienced a drop of 0.03%, and the technology-dominated Nasdaq saw an increase of 0.87%. The Transportation - Airline industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 50, finds itself in the top 21% echelons of all 250+ industries. The Zacks Industry Ra ...
3 Airline Stocks to Bet on Currently Amid Falling Oil Price
ZACKS· 2025-04-01 15:55
Industry Overview - The Zacks Transportation - Airline industry is benefiting from declining fuel costs, which are a significant input cost for airlines [1][4] - Airlines are cutting capacity to address the tariff-induced decline in air travel demand, which is a shareholder-friendly approach [1][6] - The industry includes both legacy carriers and low-cost airlines, with operations supported by regional subsidiaries and third-party carriers [3] Financial Performance - The Zacks Airline industry has gained 23.7% over the past year, outperforming the S&P 500's rise of 7.7% and the broader sector's decline of 12.1% [12] - The industry's earnings estimate for 2025 has improved by 5% since September 2024, indicating positive earnings growth potential [10] Valuation Metrics - The industry has a forward 12-month price-to-sales (P/S) ratio of 1.16X, significantly lower than the S&P 500's 4.81X and the sector's 1.68X [15] Key Players - SkyWest (SKYW) has seen its stock surge 28% in the past year, with a 7.6% increase in the Zacks Consensus Estimate for 2025 earnings over the past 60 days [20] - Frontier Group (ULCC) has experienced a 42.2% increase in the Zacks Consensus Estimate for 2025 earnings, and is offering free checked bags for summer travel [23][24] - Allegiant (ALGT) has a Zacks Rank 2 (Buy) and has revised its current-year earnings estimate upward by 21.8% over the past 60 days [26]
Here's Why SkyWest (SKYW) is a Strong Value Stock
ZACKS· 2025-03-31 14:42
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. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Zacks Premium includes access to the Zacks Style ...
Does SKYW Stock's Lower Valuation Present a Smart Buying Opportunity?
ZACKS· 2025-03-27 20:00
Core Viewpoint - SkyWest, Inc. (SKYW) is considered highly attractive from a valuation perspective, trading at a forward price-to-sales (P/S) ratio of 0.98, which is significantly lower than industry levels [1]. Financial Performance - SkyWest's revenues from flying agreements, which account for 96.7% of total revenue, increased by 20.4% year-over-year in 2024. The airline also carried 9.7% more passengers and saw a 10.8% increase in departures year-over-year [5]. - The Zacks Consensus Estimate for earnings in the first and second quarters of 2025, as well as for the full year, has been revised upward, indicating expected growth of 38.6%, 22.5%, and 15.9% from 2024 figures [10]. - SkyWest has a strong earnings surprise history, outperforming the Zacks Consensus Estimate in each of the trailing four quarters with an average surprise of 16.71%. This has contributed to a 35.1% increase in SKYW shares over the past year, outperforming the Zacks Airline industry [11]. Strategic Initiatives - SkyWest is modernizing its fleet to meet increasing travel demand, with agreements to deliver additional E175 aircraft from United Airlines and Alaska Airlines in 2025 and 2026, aiming to operate 278 E175 aircraft by the end of 2026 [6]. - The company has acquired a 25% stake in Contour Airlines and secured multi-year contracts with United Airlines and American Airlines for CRJ550s and CRJ700s, respectively [7]. Shareholder Value - SkyWest has been actively repurchasing shares, having bought back 47,000 shares for $4.9 million in the fourth quarter of 2024. As of December 31, 2024, the company had $48 million available under its share repurchase program, which is expected to enhance earnings per share and reflects management's confidence in the stock's intrinsic value [8]. Investment Recommendation - The combination of attractive valuation, increasing flying contracts, fleet modernization, and shareholder-friendly initiatives suggests that the positives surrounding SKYW stock outweigh concerns regarding operating expenses and debt. The company's Zacks Rank 1 (Strong Buy) further supports the recommendation to add SKYW stock to investment portfolios for healthy returns [15].