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Has SkyWest (SKYW) Outpaced Other Transportation Stocks This Year?

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Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Has SkyWest (SKYW - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

SkyWest is one of 152 individual stocks in the Transportation sector. Collectively, these companies sit at #15 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. SKYW is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for SKYW's full-year earnings has moved 6.58% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the most recent data, SKYW has returned 35.75% so far this year. Meanwhile, the Transportation sector has returned an average of 16.60% on a year-to-date basis. This shows that SkyWest is outperforming its peers so far this year.

To break things down more, SKYW belongs to the Transportation - Airline industry, a group that includes 28 individual companies and currently sits at #190 in the Zacks Industry Rank. On average, this group has gained an average of 9.95% so far this year, meaning that SKYW is performing better in terms of year-to-date returns.

Investors with an interest in Transportation stocks should continue to track SKYW. The stock will be looking to continue its solid performance.


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