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SkyWest (SKYW) Stock Slides as Market Rises: Facts to Know Before You Trade
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SkyWest (SKYW - Free Report) closed the most recent trading day at $90.29, moving -1.34% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.41%. At the same time, the Dow lost 0.07%, and the tech-heavy Nasdaq gained 1.11%.
Coming into today, shares of the regional airline had lost 5.05% in the past month. In that same time, the Transportation sector lost 0.72%, while the S&P 500 gained 1.46%.
Investors will be eagerly watching for the performance of SkyWest in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on October 29, 2026. The company's upcoming EPS is projected at $3.13, signifying a 11.39% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.14 billion, up 8.93% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $10.77 per share and a revenue of $4.37 billion, representing changes of +4.06% and +7.73%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for SkyWest. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.6% lower. At present, SkyWest boasts a Zacks Rank of #3 (Hold).
In the context of valuation, SkyWest is at present trading with a Forward P/E ratio of 8.5. This signifies a discount in comparison to the average Forward P/E of 11.67 for its industry.
Meanwhile, SKYW's PEG ratio is currently 1.31. 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 had an average PEG ratio of 1.02 as trading concluded yesterday.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 232, putting it in the bottom 6% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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SkyWest (SKYW) Stock Slides as Market Rises: Facts to Know Before You Trade
SkyWest (SKYW - Free Report) closed the most recent trading day at $90.29, moving -1.34% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.41%. At the same time, the Dow lost 0.07%, and the tech-heavy Nasdaq gained 1.11%.
Coming into today, shares of the regional airline had lost 5.05% in the past month. In that same time, the Transportation sector lost 0.72%, while the S&P 500 gained 1.46%.
Investors will be eagerly watching for the performance of SkyWest in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on October 29, 2026. The company's upcoming EPS is projected at $3.13, signifying a 11.39% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.14 billion, up 8.93% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $10.77 per share and a revenue of $4.37 billion, representing changes of +4.06% and +7.73%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for SkyWest. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.6% lower. At present, SkyWest boasts a Zacks Rank of #3 (Hold).
In the context of valuation, SkyWest is at present trading with a Forward P/E ratio of 8.5. This signifies a discount in comparison to the average Forward P/E of 11.67 for its industry.
Meanwhile, SKYW's PEG ratio is currently 1.31. 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 had an average PEG ratio of 1.02 as trading concluded yesterday.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 232, putting it in the bottom 6% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.