SkyWest (SKYW) Declines More Than Market: Some Information for Investors

Group 1 - SkyWest's stock closed at $109.05, reflecting a decrease of -0.77% from the previous trading day, while the S&P 500 lost 0.21% [1] - Over the past month, SkyWest shares have gained 10.56%, contrasting with a 1.8% loss in the Transportation sector and a 1.56% loss in the S&P 500 [1] - The upcoming earnings report on January 30, 2025, is expected to show an EPS of$ 1.77, representing a 321.43% increase from the same quarter last year, with revenue forecasted at $903.97 million, a 20.24% increase [2] Group 2 - Recent changes in analyst estimates for SkyWest indicate a favorable outlook on the company's business health and profitability [3] - The Zacks Rank system, which incorporates estimate changes, has a history of outperforming, with 1 stocks returning an average annual gain of +25% since 1988 [5] - SkyWest currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate having moved 0.2% higher over the past month [5] Group 3 - SkyWest is trading at a Forward P/E ratio of 13.14, which is higher than the industry average of 9.16, suggesting it is trading at a premium [6] - The Transportation - Airline industry has a Zacks Industry Rank of 29, placing it in the top 12% of over 250 industries [6] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1, indicating a strong performance potential for SkyWest within its industry [7]