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SkyWest (SKYW) Advances While Market Declines: Some Information for Investors
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SkyWest (SKYW - Free Report) closed at $99.31 in the latest trading session, marking a +1.04% move from the prior day. This change outpaced the S&P 500's 0.05% loss on the day. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 0.24%.
Heading into today, shares of the regional airline had gained 14% over the past month, outpacing the Transportation sector's gain of 5.43% and the S&P 500's loss of 1.42%.
Market participants will be closely following the financial results of SkyWest in its upcoming release. The company is forecasted to report an EPS of $2.85, showcasing a 2.06% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $1.11 billion, up 7.62% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $10.95 per share and a revenue of $4.36 billion, indicating changes of +5.8% and +7.49%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for SkyWest. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. As of now, SkyWest holds a Zacks Rank of #4 (Sell).
Investors should also note SkyWest's current valuation metrics, including its Forward P/E ratio of 8.98. For comparison, its industry has an average Forward P/E of 11.79, which means SkyWest is trading at a discount to the group.
Investors should also note that SKYW has a PEG ratio of 1.38 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Transportation - Airline industry had an average PEG ratio of 1.13.
The Transportation - Airline industry is part of the Transportation sector. At present, this industry carries a Zacks Industry Rank of 210, placing it within the bottom 14% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. 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.
View the Zacks #1 Rank List
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SkyWest (SKYW) Advances While Market Declines: Some Information for Investors
SkyWest (SKYW - Free Report) closed at $99.31 in the latest trading session, marking a +1.04% move from the prior day. This change outpaced the S&P 500's 0.05% loss on the day. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 0.24%.
Heading into today, shares of the regional airline had gained 14% over the past month, outpacing the Transportation sector's gain of 5.43% and the S&P 500's loss of 1.42%.
Market participants will be closely following the financial results of SkyWest in its upcoming release. The company is forecasted to report an EPS of $2.85, showcasing a 2.06% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $1.11 billion, up 7.62% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $10.95 per share and a revenue of $4.36 billion, indicating changes of +5.8% and +7.49%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for SkyWest. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. As of now, SkyWest holds a Zacks Rank of #4 (Sell).
Investors should also note SkyWest's current valuation metrics, including its Forward P/E ratio of 8.98. For comparison, its industry has an average Forward P/E of 11.79, which means SkyWest is trading at a discount to the group.
Investors should also note that SKYW has a PEG ratio of 1.38 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Transportation - Airline industry had an average PEG ratio of 1.13.
The Transportation - Airline industry is part of the Transportation sector. At present, this industry carries a Zacks Industry Rank of 210, placing it within the bottom 14% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. 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.