Investors focused on the Transportation space have likely heard of SkyWest (SKYW Quick QuoteSKYW - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

SkyWest is one of 144 companies in the Transportation group. The Transportation group currently sits at #10 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. SKYW is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for SKYW's full-year earnings has moved 6.04% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Our latest available data shows that SKYW has returned about 7.53% since the start of the calendar year. At the same time, Transportation stocks have gained an average of 3%. As we can see, SkyWest is performing better than its sector in the calendar year.

Looking more specifically, SKYW belongs to the Transportation - Airline industry, which includes 25 individual stocks and currently sits at #213 in the Zacks Industry Rank. Stocks in this group have lost about 10.50% so far this year, so SKYW is performing better this group in terms of year-to-date returns.

Investors in the Transportation sector will want to keep a close eye on SKYW as it attempts to continue its solid performance.