SkyWest (SKYW) Laps the Stock Market: Here's Why

Company Performance - 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 [1] - SkyWest is expected to report an EPS of $1.73, marking a 394.29% rise compared to the same quarter of the previous year, with a projected revenue of $814.4 million, reflecting a 12.23% rise from the equivalent quarter last year [8] Stock Performance - Shares of SkyWest witnessed a gain of 11.25% over the previous month, outperforming the Transportation sector, which experienced a loss of 1.91%, and the S&P 500's gain of 3.38% [2] - SkyWest closed at $81.85 in the latest trading session, marking a +1.54% move from the prior day, outpacing the S&P 500's 0.09% gain on the day [7] Analyst Estimates and Rankings - Recent modifications to analyst estimates for SkyWest indicate positive sentiment, with the Zacks Consensus EPS estimate moving 0.24% higher over the last 30 days, currently carrying a Zacks Rank of 2 (Buy) [3][4] - The Zacks Rank system has an impressive track record, with 1 stocks generating an average annual return of +25% since 1988 [4] Industry Overview - The Transportation - Airline industry is part of the Transportation sector, holding a Zacks Industry Rank of 81, placing it in the top 33% of all 250+ industries [5] - SkyWest is currently traded at a Forward P/E ratio of 11.81, indicating a premium relative to the industry's average Forward P/E of 8.97 [10]