SkyWest (SKYW) Gains As Market Dips: What You Should Know

SkyWest (SKYW) ended the recent trading session at $103.77, demonstrating a +0.43% swing from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily loss of 0.04%. At the same time, the Dow added 0.07%, and the tech-heavy Nasdaq lost 0.05%.The the stock of regional airline has fallen by 9.33% in the past month, lagging the Transportation sector's loss of 6.82% and the S&P 500's gain of 1.05%.Investors will be eagerly watching for the performance of SkyWest in its upcoming earnings disclosure. On that day, SkyWest is projected to report earnings of $1.77 per share, which would represent year-over-year growth of 321.43%. Alongside, our most recent consensus estimate is anticipating revenue of $901.47 million, indicating a 19.91% upward movement from the same quarter last year.Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $7.16 per share and revenue of $3.48 billion, indicating changes of +829.87% and +18.71%, respectively, compared to the previous year.Investors should also note any recent changes to analyst estimates for SkyWest. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 shifted 0.02% upward. As of now, SkyWest holds a Zacks Rank of #1 (Strong Buy).With respect to valuation, SkyWest is currently being traded at a Forward P/E ratio of 14.43. For comparison, its industry has an average Forward P/E of 10.4, which means SkyWest is trading at a premium to the group.The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 30, which puts it in the top 12% of all 250+ industries.The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.Free: 5 Stocks to Buy As Infrastructure Spending SoarsTrillions of dollars in Federal funds have been earmarked to repair and upgrade America’s infrastructure. In addition to roads and bridges, this flood of cash will pour into AI data centers, renewable energy sources and more.In, you’ll discover 5 surprising stocks positioned to profit the most from the spending spree that’s just getting started in this space.Download How to Profit from the Trillion-Dollar Infrastructure Boom absolutely free today.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SkyWest, Inc. (SKYW): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks