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 ...

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 ...

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, ...

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 ...

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 - ...

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 ...

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 ...

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 | --- | --- | --- | --- | --- | --- | --- | |------------|-------------|-------|---------------------------------------------------------------|-------------------|------------------------|---------------------| ...

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 ...

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. Shares of the regional airline witnessed a gain of 11.25% over the previous month, beating the performance of the Transportation sector with its loss of 1.91% and the S&P 500's gain of 3.38%. It's also important for investors to be aware of any recent modifications to analyst estimates for SkyWest. These revis ...