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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. Is SkyWest (SKYW - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Transportation peers, we might be able to answer that question.
SkyWest is one of 149 companies in the Transportation group. The Transportation group currently sits at #9 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader 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 most recent data, SKYW has returned 16.73% so far this year. Meanwhile, the Transportation sector has returned an average of 11.19% on a year-to-date basis. This means that SkyWest is outperforming the sector as a whole this year.
Looking more specifically, SKYW belongs to the Transportation - Airline industry, which includes 28 individual stocks and currently sits at #28 in the Zacks Industry Rank. On average, stocks in this group have gained 2.94% this year, meaning that SKYW is performing better in terms of year-to-date returns.
SKYW will likely be looking to continue its solid performance, so investors interested in Transportation stocks should continue to pay close attention to the company.
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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. Is SkyWest (SKYW - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Transportation peers, we might be able to answer that question.
SkyWest is one of 149 companies in the Transportation group. The Transportation group currently sits at #9 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader 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 most recent data, SKYW has returned 16.73% so far this year. Meanwhile, the Transportation sector has returned an average of 11.19% on a year-to-date basis. This means that SkyWest is outperforming the sector as a whole this year.
Looking more specifically, SKYW belongs to the Transportation - Airline industry, which includes 28 individual stocks and currently sits at #28 in the Zacks Industry Rank. On average, stocks in this group have gained 2.94% this year, meaning that SKYW is performing better in terms of year-to-date returns.
SKYW will likely be looking to continue its solid performance, so investors interested in Transportation stocks should continue to pay close attention to the company.