SkyWest (SKYW) Beats Q4 Earnings and Revenue Estimates

Core Viewpoint - SkyWest (SKYW) reported quarterly earnings of $2.34 per share, exceeding the Zacks Consensus Estimate of $1.77 per share, and showing significant growth from $0.42 per share a year ago, indicating a strong performance in the regional airline sector [1][2]. Financial Performance - SkyWest's revenues for the quarter ended December 2024 were $944.4 million, surpassing the Zacks Consensus Estimate by 4.47%, and up from $751.79 million year-over-year [2]. - The company has consistently outperformed consensus EPS estimates over the last four quarters, achieving earnings surprises of 32.20% and 12.50% in the most recent quarters [1][2]. Stock Performance - SkyWest shares have increased approximately 15.7% since the beginning of the year, significantly outperforming the S&P 500's gain of 2.7% [3]. - The current Zacks Rank for SkyWest is 3 (Hold), indicating that the stock is expected to perform in line with the market in the near future [6]. Earnings Outlook - The consensus EPS estimate for the upcoming quarter is $1.80 on revenues of $886 million, while the estimate for the current fiscal year is $8.37 on revenues of $3.78 billion [7]. - The trend of estimate revisions for SkyWest is currently mixed, which may change following the recent earnings report [6]. Industry Context - The Transportation - Airline industry, to which SkyWest belongs, is currently ranked in the top 26% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]. - Allegiant Travel (ALGT), another company in the same industry, is expected to report significant earnings growth, with a consensus EPS estimate of $1.88 per share, reflecting a year-over-year increase of 1609.1% [9].