SkyWest (SKYW) closed at $81.90 in the latest trading session, marking a -4.38% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.26% for the day. Meanwhile, the Dow experienced a rise of 0.09%, and the technology-dominated Nasdaq saw an increase of 0.42%.
Shares of the regional airline have appreciated by 2.53% over the course of the past month, underperforming the Transportation sector's gain of 4.41%, and the S&P 500's gain of 6.32%.
Market participants will be closely following the financial results of SkyWest in its upcoming release. It is anticipated that the company will report an EPS of $2.85, marking a 2.06% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.11 billion, reflecting a 7.62% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $10.95 per share and revenue of $4.36 billion, which would represent changes of +5.8% and +7.49%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for SkyWest. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, SkyWest possesses a Zacks Rank of #3 (Hold).
Investors should also note SkyWest's current valuation metrics, including its Forward P/E ratio of 7.82. This signifies a discount in comparison to the average Forward P/E of 11.47 for its industry.
We can also see that SKYW currently has a PEG ratio of 1.2. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Transportation - Airline stocks are, on average, holding a PEG ratio of 1.03 based on yesterday's closing prices.
The Transportation - Airline industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 202, positioning it in the bottom 18% 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 follow all of these stock-moving metrics, and many more, on Zacks.com.
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SkyWest, Inc. (SKYW): Free Stock Analysis Report
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