Is Trending Stock SkyWest, Inc. (SKYW) a Buy Now?

Core Viewpoint - SkyWest (SKYW) has experienced a significant decline of -23.3% in share price over the past month, contrasting with the S&P 500's -5.6% and the Zacks Transportation - Airline industry's -7.9% [1] Earnings Estimate Revisions - The consensus earnings estimate for SkyWest is $2.01 per share for the current quarter, reflecting a year-over-year increase of +38.6$9.01, indicating a year-over-year change of +16%, which has remained unchanged over the last 30 days [4] - For the next fiscal year, the consensus earnings estimate is $9.76, representing an increase of +8.4$926.38 million for the current quarter, showing a year-over-year increase of +15.3% [8] - The revenue estimates for the current and next fiscal years are $3.82 billion and$3.99 billion, indicating changes of +8.2% and +4.5%, respectively [8] Last Reported Results and Surprise History - In the last reported quarter, SkyWest generated revenues of $944.4 million, a year-over-year increase of +25.6$2.34 compared to $0.42 a year ago [9] - The reported revenues exceeded the Zacks Consensus Estimate of$903.97 million by +4.47%, and the EPS surprise was +32.2% [10] - SkyWest has consistently beaten consensus EPS and revenue estimates in the last four quarters [10] Valuation - SkyWest is graded A in the Zacks Value Style Score, indicating it is trading at a discount compared to its peers [14] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether the stock is fairly valued [12][13] Bottom Line - The Zacks Rank 1 (Strong Buy) for SkyWest suggests potential outperformance in the near term compared to the broader market [15]