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SkyWest (SKYW) Stock Moves -0.89%: What You Should Know
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SkyWest (SKYW - Free Report) ended the recent trading session at $93.32, demonstrating a -0.89% swing from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily loss of 1.12%. Meanwhile, the Dow experienced a drop of 0.31%, and the technology-dominated Nasdaq saw a decrease of 2.04%.
Prior to today's trading, shares of the regional airline had lost 3.78% over the past month. This has lagged the Transportation sector's loss of 3.72% and the S&P 500's loss of 2.91% in that time.
The investment community will be closely monitoring the performance of SkyWest in its forthcoming earnings report. In that report, analysts expect SkyWest to post earnings of $2.01 per share. This would mark year-over-year growth of 38.62%. In the meantime, our current consensus estimate forecasts the revenue to be $926.38 million, indicating a 15.28% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $9.01 per share and a revenue of $3.82 billion, representing changes of +15.96% and +8.21%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for SkyWest. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Right now, SkyWest possesses a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, SkyWest is currently exchanging hands at a Forward P/E ratio of 10.45. This indicates a premium in contrast to its industry's Forward P/E of 8.44.
Investors should also note that SKYW has a PEG ratio of 1.19 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Transportation - Airline industry had an average PEG ratio of 0.66.
The Transportation - Airline industry is part of the Transportation sector. With its current Zacks Industry Rank of 43, this industry ranks in the top 18% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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SkyWest (SKYW) Stock Moves -0.89%: What You Should Know
SkyWest (SKYW - Free Report) ended the recent trading session at $93.32, demonstrating a -0.89% swing from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily loss of 1.12%. Meanwhile, the Dow experienced a drop of 0.31%, and the technology-dominated Nasdaq saw a decrease of 2.04%.
Prior to today's trading, shares of the regional airline had lost 3.78% over the past month. This has lagged the Transportation sector's loss of 3.72% and the S&P 500's loss of 2.91% in that time.
The investment community will be closely monitoring the performance of SkyWest in its forthcoming earnings report. In that report, analysts expect SkyWest to post earnings of $2.01 per share. This would mark year-over-year growth of 38.62%. In the meantime, our current consensus estimate forecasts the revenue to be $926.38 million, indicating a 15.28% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $9.01 per share and a revenue of $3.82 billion, representing changes of +15.96% and +8.21%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for SkyWest. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Right now, SkyWest possesses a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, SkyWest is currently exchanging hands at a Forward P/E ratio of 10.45. This indicates a premium in contrast to its industry's Forward P/E of 8.44.
Investors should also note that SKYW has a PEG ratio of 1.19 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Transportation - Airline industry had an average PEG ratio of 0.66.
The Transportation - Airline industry is part of the Transportation sector. With its current Zacks Industry Rank of 43, this industry ranks in the top 18% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.