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 one of 149 companies in the Transportation group. The Transportation group currently sits at #2 within 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. SKYW is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for SKYW's full-year earnings has moved 5.24% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the most recent data, SKYW has returned 12.46% so far this year. Meanwhile, stocks in the Transportation group have gained about 11.03% on average. This means that SkyWest is outperforming the sector as a whole this year.

Looking more specifically, SKYW belongs to the Transportation - Airline industry, a group that includes 28 individual stocks and currently sits at #8 in the Zacks Industry Rank. This group has gained an average of 4.11% so far this year, so SKYW is performing better in this area.

Going forward, investors interested in Transportation stocks should continue to pay close attention to SKYW as it looks to continue its solid performance.