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SkyWest (SKYW) Advances While Market Declines: Some Information for Investors
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In the latest trading session, SkyWest (SKYW - Free Report) closed at $97.13, marking a +1.17% move from the previous day. This change outpaced the S&P 500's 0.45% loss on the day. Meanwhile, the Dow lost 1.21%, and the Nasdaq, a tech-heavy index, lost 0.01%.
Prior to today's trading, shares of the regional airline had lost 6.89% lagged the Transportation sector's loss of 5.31% and the S&P 500's loss of 2.43%.
The upcoming earnings release of SkyWest will be of great interest to investors. It is anticipated that the company will report an EPS of $3.13, marking a 11.39% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $1.14 billion, up 8.93% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $10.94 per share and a revenue of $4.36 billion, demonstrating changes of +5.7% and +7.48%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for SkyWest. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.47% decrease. As of now, SkyWest holds a Zacks Rank of #3 (Hold).
Investors should also note SkyWest's current valuation metrics, including its Forward P/E ratio of 8.78. Its industry sports an average Forward P/E of 10.87, so one might conclude that SkyWest is trading at a discount comparatively.
We can also see that SKYW currently has a PEG ratio of 1.35. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Transportation - Airline industry held an average PEG ratio of 0.86.
The Transportation - Airline industry is part of the Transportation sector. With its current Zacks Industry Rank of 218, this industry ranks in the bottom 12% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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SkyWest (SKYW) Advances While Market Declines: Some Information for Investors
In the latest trading session, SkyWest (SKYW - Free Report) closed at $97.13, marking a +1.17% move from the previous day. This change outpaced the S&P 500's 0.45% loss on the day. Meanwhile, the Dow lost 1.21%, and the Nasdaq, a tech-heavy index, lost 0.01%.
Prior to today's trading, shares of the regional airline had lost 6.89% lagged the Transportation sector's loss of 5.31% and the S&P 500's loss of 2.43%.
The upcoming earnings release of SkyWest will be of great interest to investors. It is anticipated that the company will report an EPS of $3.13, marking a 11.39% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $1.14 billion, up 8.93% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $10.94 per share and a revenue of $4.36 billion, demonstrating changes of +5.7% and +7.48%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for SkyWest. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.47% decrease. As of now, SkyWest holds a Zacks Rank of #3 (Hold).
Investors should also note SkyWest's current valuation metrics, including its Forward P/E ratio of 8.78. Its industry sports an average Forward P/E of 10.87, so one might conclude that SkyWest is trading at a discount comparatively.
We can also see that SKYW currently has a PEG ratio of 1.35. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Transportation - Airline industry held an average PEG ratio of 0.86.
The Transportation - Airline industry is part of the Transportation sector. With its current Zacks Industry Rank of 218, this industry ranks in the bottom 12% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.