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SkyWest (SKYW) Registers a Bigger Fall Than the Market: Important Facts to Note
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SkyWest (SKYW - Free Report) closed at $97.78 in the latest trading session, marking a -1.95% move from the prior day. This move lagged the S&P 500's daily loss of 0.79%. At the same time, the Dow lost 0.26%, and the tech-heavy Nasdaq lost 1.55%.
The stock of regional airline has risen by 8.69% in the past month, leading the Transportation sector's gain of 3.77% and the S&P 500's gain of 4.28%.
The investment community will be closely monitoring the performance of SkyWest in its forthcoming earnings report. The company is scheduled to release its earnings on July 23, 2026. The company is forecasted to report an EPS of $2.7, showcasing a 7.22% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.11 billion, indicating a 6.83% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $10.88 per share and a revenue of $4.37 billion, indicating changes of +5.12% and +7.71%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for SkyWest. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.03% lower within the past month. SkyWest is holding a Zacks Rank of #4 (Sell) right now.
Valuation is also important, so investors should note that SkyWest has a Forward P/E ratio of 9.17 right now. This expresses a discount compared to the average Forward P/E of 11.27 of its industry.
Investors should also note that SKYW has a PEG ratio of 1.41 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Transportation - Airline industry held an average PEG ratio of 0.83.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 178, putting it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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SkyWest (SKYW) Registers a Bigger Fall Than the Market: Important Facts to Note
SkyWest (SKYW - Free Report) closed at $97.78 in the latest trading session, marking a -1.95% move from the prior day. This move lagged the S&P 500's daily loss of 0.79%. At the same time, the Dow lost 0.26%, and the tech-heavy Nasdaq lost 1.55%.
The stock of regional airline has risen by 8.69% in the past month, leading the Transportation sector's gain of 3.77% and the S&P 500's gain of 4.28%.
The investment community will be closely monitoring the performance of SkyWest in its forthcoming earnings report. The company is scheduled to release its earnings on July 23, 2026. The company is forecasted to report an EPS of $2.7, showcasing a 7.22% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.11 billion, indicating a 6.83% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $10.88 per share and a revenue of $4.37 billion, indicating changes of +5.12% and +7.71%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for SkyWest. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.03% lower within the past month. SkyWest is holding a Zacks Rank of #4 (Sell) right now.
Valuation is also important, so investors should note that SkyWest has a Forward P/E ratio of 9.17 right now. This expresses a discount compared to the average Forward P/E of 11.27 of its industry.
Investors should also note that SKYW has a PEG ratio of 1.41 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Transportation - Airline industry held an average PEG ratio of 0.83.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 178, putting it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.