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?Let's take a look at what these Wall Street heavyweights have to say about SkyWest (SKYW) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.SkyWest currently has an average brokerage recommendation (ABR) ...

Shares of United Airlines (UAL) have performed exceedingly well on the bourse so far this year. Shares of this Chicago-based company have skyrocketed 133.5% year to date, outperforming its industry’s 36.9% growth.YTD Price Comparison Image Source: Zacks Investment Research Given this excellent price performance, let us delve deep to unearth the reasons behind this and also find out if there is further scope for upside.Improvement in air travel demand following the end of the pandemic bodes well for United A ...

SkyWest, Inc. (SKYW) performed well in the past year and has the potential to sustain the momentum in the future. If you have not taken advantage of its share price appreciation yet, it’s time to do so.Let’s take a look at the factors that make the stock a strong investment pick at the moment.An Outperformer: A glimpse at the company’s price trend reveals that its shares have surged 112.3% so far this year outperforming the industry’s 34.8% growth.Image Source: Zacks Investment ResearchSolid Rank & VGM Scor ...

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 ...

Core Insights - SkyWest, Inc. (SKYW) stock increased by 6.4% following its third-quarter 2024 earnings release on October 31, 2024, driven by better-than-expected results in both earnings and revenues [1][2] Financial Performance - Quarterly earnings per share (EPS) reached $2.16, exceeding the Zacks Consensus Estimate of $1.92 and showing over 100% improvement year-over-year [1] - Revenues totaled $912.8 million, surpassing the Zacks Consensus Estimate of $887.5 million, and increased by 19.1% year-over-year due to rising flying contract rates [2][3] - Revenues from flying agreements, which accounted for 96.7% of total revenues, grew 19.1% from the previous year's figure of $883.49 million [3] Operational Metrics - The airline carried 10.3% more passengers year-over-year, with departures increasing by 11.8% [3] - The passenger load factor decreased by 1.4 points to 83.7% [3] Strategic Developments - SkyWest announced a multi-year contract with United Airlines (UAL) to place 40 CRJ550s, which includes purchasing 11 used CRJ550s and converting 29 CRJ700s to CRJ550s [4] - By the end of 2026, SkyWest plans to operate 278 E175 aircraft [4] Cost and Capital Management - Operating expenses rose to $781.35 million, an increase of 8.9% from the previous year, attributed to higher flight production [4] - As of the end of the third quarter, the company had cash and marketable securities of $836.04 million, slightly up from $834.26 million in the prior quarter [5] - Long-term debt decreased to $2.19 billion from $2.28 billion at the end of the previous quarter [5] Shareholder Returns - During the third quarter, SkyWest repurchased 217,000 shares for $16.3 million, with $53 million remaining under its current share repurchase program [6] Market Position - SkyWest holds a Zacks Rank 1 (Strong Buy), indicating a favorable outlook in the market [7]

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 ...

With just one subscription to Beyond the Wall Investing , you can save thousands of dollars a year on equity research reports from banks. You'll keep your finger on the pulse and have access to the latest and highest-quality analysis of this type of information.According to the latest 10-Q , SkyWest, Inc. (NASDAQ: SKYW ) is a $3.8-billion market cap regional airline operating company based in Saint George, Utah, founded in 1972. The firm operates 2 operating businesses: SkyWest Airlines and SkyWest Leasing. ...