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SkyWest (SKYW) Exceeds Market Returns: Some Facts to Consider
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In the latest trading session, SkyWest (SKYW - Free Report) closed at $102.30, marking a +1.6% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.51% for the day. Elsewhere, the Dow gained 0.93%, while the tech-heavy Nasdaq added 0.48%.
Prior to today's trading, shares of the regional airline had gained 1.84% outpaced the Transportation sector's loss of 7.37% and the S&P 500's gain of 0.74%.
Investors will be eagerly watching for the performance of SkyWest in its upcoming earnings disclosure. The company is predicted to post an EPS of $3.13, indicating a 11.39% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $1.14 billion, reflecting a 8.93% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $10.94 per share and a revenue of $4.36 billion, indicating changes of +5.7% and +7.48%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for SkyWest. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. SkyWest currently has a Zacks Rank of #3 (Hold).
Looking at valuation, SkyWest is presently trading at a Forward P/E ratio of 9.2. This signifies a discount in comparison to the average Forward P/E of 11.44 for its industry.
Investors should also note that SKYW has a PEG ratio of 1.41 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Transportation - Airline industry currently had an average PEG ratio of 0.9 as of yesterday's close.
The Transportation - Airline industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 227, positioning it in the bottom 8% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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 follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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SkyWest (SKYW) Exceeds Market Returns: Some Facts to Consider
In the latest trading session, SkyWest (SKYW - Free Report) closed at $102.30, marking a +1.6% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.51% for the day. Elsewhere, the Dow gained 0.93%, while the tech-heavy Nasdaq added 0.48%.
Prior to today's trading, shares of the regional airline had gained 1.84% outpaced the Transportation sector's loss of 7.37% and the S&P 500's gain of 0.74%.
Investors will be eagerly watching for the performance of SkyWest in its upcoming earnings disclosure. The company is predicted to post an EPS of $3.13, indicating a 11.39% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $1.14 billion, reflecting a 8.93% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $10.94 per share and a revenue of $4.36 billion, indicating changes of +5.7% and +7.48%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for SkyWest. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. SkyWest currently has a Zacks Rank of #3 (Hold).
Looking at valuation, SkyWest is presently trading at a Forward P/E ratio of 9.2. This signifies a discount in comparison to the average Forward P/E of 11.44 for its industry.
Investors should also note that SKYW has a PEG ratio of 1.41 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Transportation - Airline industry currently had an average PEG ratio of 0.9 as of yesterday's close.
The Transportation - Airline industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 227, positioning it in the bottom 8% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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 follow all of these stock-moving metrics, and many more, on Zacks.com.