SkyWest (SKYW - Free Report) closed the most recent trading day at $50.55, moving +1.08% from the previous trading session. This change lagged the S&P 500's 1.47% gain on the day. At the same time, the Dow added 0.79%, and the tech-heavy Nasdaq gained 2.02%.
Heading into today, shares of the regional airline had lost 8.41% over the past month, lagging the Transportation sector's loss of 0.24% and the S&P 500's gain of 1.5% in that time.
SKYW will be looking to display strength as it nears its next earnings release. In that report, analysts expect SKYW to post earnings of $1.21 per share. This would mark year-over-year growth of 17.48%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $738.52 million, down 5.73% from the year-ago period.
SKYW's full-year Zacks Consensus Estimates are calling for earnings of $5.78 per share and revenue of $3.01 billion. These results would represent year-over-year changes of +9.06% and -6.65%, respectively.
Investors should also note any recent changes to analyst estimates for SKYW. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. SKYW is holding a Zacks Rank of #1 (Strong Buy) right now.
Digging into valuation, SKYW currently has a Forward P/E ratio of 8.66. For comparison, its industry has an average Forward P/E of 9.1, which means SKYW is trading at a discount to the group.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 8, putting it in the top 4% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.