SkyWest (SKYW) ended the recent trading session at $92.35, demonstrating a +2.1% change from the preceding day's closing price. This change outpaced the S&P 500's 0.28% gain on the day. At the same time, the Dow added 1.02%, and the tech-heavy Nasdaq lost 0.02%.
Shares of the regional airline witnessed a loss of 9.73% over the previous month, trailing the performance of the Transportation sector with its loss of 1.81%, and the S&P 500's gain of 0.67%.
Investors will be eagerly watching for the performance of SkyWest in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on October 29, 2026. The company is predicted to post an EPS of $3.13, indicating a 11.39% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.14 billion, showing a 8.93% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $10.77 per share and a revenue of $4.37 billion, indicating changes of +4.06% and +7.73%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for SkyWest. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.6% downward. Currently, SkyWest is carrying a Zacks Rank of #3 (Hold).
Looking at its valuation, SkyWest is holding a Forward P/E ratio of 8.4. This denotes a discount relative to the industry average Forward P/E of 11.66.
One should further note that SKYW currently holds a PEG ratio of 1.29. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Transportation - Airline industry stood at 1 at the close of the market yesterday.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 230, which puts it in the bottom 7% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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SkyWest, Inc. (SKYW): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).