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SkyWest (SKYW) Stock Sinks As Market Gains: What You Should Know
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SkyWest (SKYW - Free Report) closed the most recent trading day at $59.25, moving -0.65% from the previous trading session. This change lagged the S&P 500's daily gain of 0.16%. Meanwhile, the Dow gained 0.42%, and the Nasdaq, a tech-heavy index, added 0.03%.
Heading into today, shares of the regional airline had gained 15.27% over the past month, outpacing the Transportation sector's gain of 4.23% and the S&P 500's gain of 2.89% in that time.
Wall Street will be looking for positivity from SKYW as it approaches its next earnings report date. This is expected to be April 25, 2019. The company is expected to report EPS of $1.18, up 14.56% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $706.66 million, down 9.8% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.86 per share and revenue of $2.88 billion, which would represent changes of +10.57% and -10.71%, respectively, from the prior year.
Any recent changes to analyst estimates for SKYW should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.51% higher. SKYW is currently sporting a Zacks Rank of #2 (Buy).
Looking at its valuation, SKYW is holding a Forward P/E ratio of 10.17. This valuation marks a premium compared to its industry's average Forward P/E of 10.16.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 95, which puts it in the top 38% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SKYW in the coming trading sessions, be sure to utilize Zacks.com.
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SkyWest (SKYW) Stock Sinks As Market Gains: What You Should Know
SkyWest (SKYW - Free Report) closed the most recent trading day at $59.25, moving -0.65% from the previous trading session. This change lagged the S&P 500's daily gain of 0.16%. Meanwhile, the Dow gained 0.42%, and the Nasdaq, a tech-heavy index, added 0.03%.
Heading into today, shares of the regional airline had gained 15.27% over the past month, outpacing the Transportation sector's gain of 4.23% and the S&P 500's gain of 2.89% in that time.
Wall Street will be looking for positivity from SKYW as it approaches its next earnings report date. This is expected to be April 25, 2019. The company is expected to report EPS of $1.18, up 14.56% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $706.66 million, down 9.8% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.86 per share and revenue of $2.88 billion, which would represent changes of +10.57% and -10.71%, respectively, from the prior year.
Any recent changes to analyst estimates for SKYW should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.51% higher. SKYW is currently sporting a Zacks Rank of #2 (Buy).
Looking at its valuation, SKYW is holding a Forward P/E ratio of 10.17. This valuation marks a premium compared to its industry's average Forward P/E of 10.16.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 95, which puts it in the top 38% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SKYW in the coming trading sessions, be sure to utilize Zacks.com.