SkyWest (SKYW) Beats Stock Market Upswing: What Investors Need to Know

Company Performance - SkyWest's stock closed at $87.35, reflecting a +0.9% change from the previous day, outperforming the S&P 500's gain of 0.71% [1] - The stock has increased by 15.88% over the past month, significantly higher than the Transportation sector's gain of 3.49% and the S&P 500's gain of 6.41% [1] Upcoming Earnings - SkyWest is set to release its earnings report on October 31, 2024, with an anticipated EPS of $1.92, representing a 249.09% increase year-over-year [2] - The consensus estimate for quarterly revenue is $887.48 million, which is a 15.83% increase from the same period last year [2] Annual Forecast - The Zacks Consensus Estimates project earnings of $6.88 per share and revenue of $3.44 billion for the year, indicating increases of +793.51% and +17.12% respectively compared to the previous year [3] - Recent analyst estimate revisions suggest a positive outlook for SkyWest's business and profitability [3] Analyst Ratings - The Zacks Rank system, which assesses estimate changes, indicates that stocks rated 1 (Strong Buy) have historically delivered an average annual return of +25% since 1988 [5] - Currently, SkyWest holds a Zacks Rank of 3 (Hold), with no changes in the consensus EPS estimate over the past month [5] Valuation Metrics - SkyWest has a Forward P/E ratio of 12.58, which is above the industry average Forward P/E of 10.17 [6] - The Transportation - Airline industry is ranked 51 in the Zacks Industry Rank, placing it in the top 21% of over 250 industries [6]