In the latest close session, SkyWest (SKYW) was down 1.23% at $96.89. This change lagged the S&P 500's daily gain of 0.8%. At the same time, the Dow lost 0.15%, and the tech-heavy Nasdaq gained 1.6%.
Prior to today's trading, shares of the regional airline had gained 6.42% outpaced the Transportation sector's gain of 5.95% and the S&P 500's gain of 5.15%.
Market participants will be closely following the financial results of SkyWest in its upcoming release. The company plans to announce its earnings on April 23, 2026. In that report, analysts expect SkyWest to post earnings of $2.16 per share. This would mark a year-over-year decline of 10.74%. Our most recent consensus estimate is calling for quarterly revenue of $978.13 million, up 3.13% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $11.3 per share and a revenue of $4.29 billion, representing changes of +9.18% and +5.82%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for SkyWest. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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, there's been a 1.02% fall in the Zacks Consensus EPS estimate. SkyWest is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note SkyWest's current valuation metrics, including its Forward P/E ratio of 8.68. Its industry sports an average Forward P/E of 11.28, so one might conclude that SkyWest is trading at a discount comparatively.
It's also important to note that SKYW currently trades at a PEG ratio of 1.33. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Transportation - Airline industry was having an average PEG ratio of 0.59.
The Transportation - Airline industry is part of the Transportation sector. At present, this industry carries a Zacks Industry Rank of 198, placing it within the bottom 19% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
SkyWest, Inc. (SKYW): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).