SkyWest (SKYW) Stock Sinks As Market Gains: Here's Why

Group 1 - SkyWest's stock closed at $78.63, reflecting a -0.98% change from the previous day, underperforming the S&P 500's gain of 0.15% [1] - Over the past month, SkyWest's stock has increased by 3.14%, outperforming the Transportation sector's decline of 2.15% but lagging behind the S&P 500's rise of 3.2% [1] Group 2 - SkyWest is expected to report earnings of $1.70 per share, indicating a year-over-year growth of 385.71%, with projected quarterly revenue of $814.4 million, up 12.23% from the previous year [2] - For the fiscal year, earnings are projected at $6.81 per share and revenue at $3.36 billion, representing increases of +784.42% and +14.58% respectively from the prior year [3] Group 3 - Recent analyst estimate revisions for SkyWest are seen as positive indicators for the company's business outlook, reflecting short-term business trends [3] - The Zacks Rank system, which evaluates estimate changes, currently ranks SkyWest at 1 (Strong Buy), with a historical average annual return of +25% for stocks at this rating since 1988 [5] Group 4 - SkyWest's Forward P/E ratio is 11.66, which is higher than the industry's average Forward P/E of 8.98 [6] - The Transportation - Airline industry has a Zacks Industry Rank of 157, placing it in the bottom 38% of over 250 industries [6]