SkyWest (SKYW) Outperforms Broader Market: What You Need to Know

Company Performance - SkyWest (SKYW) closed at $116.06, reflecting a +1.1% increase compared to the previous day, outperforming the S&P 500's daily gain of 0.61% [1] - Over the past month, SkyWest shares have risen by 11.1%, surpassing the Transportation sector's gain of 4.09% and the S&P 500's gain of 2.08% [1] Upcoming Earnings - SkyWest is set to disclose its earnings on January 30, 2025, with projected earnings of$ 1.77 per share, indicating a year-over-year growth of 321.43% [2] - The consensus estimate anticipates revenue of $903.97 million, representing a 20.24% increase from the same quarter last year [2] Analyst Estimates - Recent changes to analyst estimates for SkyWest reflect positive sentiment regarding the company's business operations and profit generation capabilities [3] - Upward revisions in estimates are often linked to anticipated stock price performance, suggesting potential investment opportunities [4] Zacks Rank and Valuation - SkyWest currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate having increased by 0.2% in the past month [5] - The company has a Forward P/E ratio of 13.72, which is a premium compared to the industry's average Forward P/E of 9.36 [6] Industry Context - The Transportation - Airline industry, to which SkyWest belongs, has a Zacks Industry Rank of 28, placing it in the top 12% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1, highlighting the potential for investment in well-ranked sectors [7]