Investors focused on the Transportation space have likely heard of SkyWest (SKYW Quick QuoteSKYW - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

SkyWest is a member of our Transportation group, which includes 145 different companies and currently sits at #14 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. SKYW is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for SKYW's full-year earnings has moved 5.70% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

According to our latest data, SKYW has moved about 5.93% on a year-to-date basis. At the same time, Transportation stocks have gained an average of 2.09%. This means that SkyWest is outperforming the sector as a whole this year.

To break things down more, SKYW belongs to the Transportation - Airline industry, a group that includes 25 individual companies and currently sits at #243 in the Zacks Industry Rank. On average, stocks in this group have lost 8.19% this year, meaning that SKYW is performing better in terms of year-to-date returns.

Investors in the Transportation sector will want to keep a close eye on SKYW as it attempts to continue its solid performance.