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? A quick glance at the company's year-to-date performance in comparison to the rest of the Transportation sector should help us answer this question.

SkyWest is a member of the Transportation sector. This group includes 153 individual stocks and currently holds a Zacks Sector Rank of #16. 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics 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 90 days, the Zacks Consensus Estimate for SKYW's full-year earnings has moved 5.52% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the latest available data, SKYW has gained about 32.65% so far this year. Meanwhile, stocks in the Transportation group have gained about 13.39% on average. This shows that SkyWest is outperforming its peers so far this year.

Looking more specifically, SKYW belongs to the Transportation - Airline industry, a group that includes 28 individual stocks and currently sits at #182 in the Zacks Industry Rank. This group has gained an average of 6.06% so far this year, so SKYW is performing better in this area.

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