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Is SkyWest (SKYW) Stock Outpacing Its Transportation Peers This Year?
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The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has SkyWest (SKYW - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
SkyWest is one of 149 individual stocks in the Transportation sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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 #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for SKYW's full-year earnings has moved 5.24% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, SKYW has gained about 25.59% so far this year. At the same time, Transportation stocks have gained an average of 17.71%. This means that SkyWest is performing better than its sector in terms of year-to-date returns.
To break things down more, SKYW belongs to the Transportation - Airline industry, a group that includes 28 individual companies and currently sits at #8 in the Zacks Industry Rank. On average, stocks in this group have gained 9.42% this year, meaning that SKYW is performing better in terms of year-to-date returns.
Investors with an interest in Transportation stocks should continue to track SKYW. The stock will be looking to continue its solid performance.
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Is SkyWest (SKYW) Stock Outpacing Its Transportation Peers This Year?
The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has SkyWest (SKYW - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
SkyWest is one of 149 individual stocks in the Transportation sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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 #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for SKYW's full-year earnings has moved 5.24% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, SKYW has gained about 25.59% so far this year. At the same time, Transportation stocks have gained an average of 17.71%. This means that SkyWest is performing better than its sector in terms of year-to-date returns.
To break things down more, SKYW belongs to the Transportation - Airline industry, a group that includes 28 individual companies and currently sits at #8 in the Zacks Industry Rank. On average, stocks in this group have gained 9.42% this year, meaning that SKYW is performing better in terms of year-to-date returns.
Investors with an interest in Transportation stocks should continue to track SKYW. The stock will be looking to continue its solid performance.