SkyWest (SKYW) stock closes at $106.60, down 0.6%, despite positive upcoming earnings projections.
From Nasdaq: 2024-12-13 17:50:07
In the latest trading session, SkyWest (SKYW) closed at $106.60, down 0.6%. The Dow fell by 0.2%, while the Nasdaq rose by 0.12%. Over the past month, SKYW shares have fallen by 3.22%, surpassing the Transportation sector’s 3.29% loss and lagging the S&P 500’s 1.27% gain.
SkyWest’s upcoming earnings release is highly anticipated. Projections show an EPS of $1.79, a 326.19% increase from last year, with revenue estimated at $901.47 million, a 19.91% rise. Full-year estimates forecast earnings of $7.16 per share and revenue of $3.48 billion, reflecting significant growth.
Investors should take note of any recent changes in analyst estimates for SkyWest, as these revisions can impact stock performance. Positive estimate revisions indicate a favorable outlook. The Zacks Rank system, currently rating SKYW as a #1 (Strong Buy), considers these changes for investment decisions.
SkyWest is trading at a Forward P/E ratio of 14.97, higher than the industry average of 10.49. The Transportation – Airline industry, part of the Transportation sector, holds a Zacks Industry Rank of 27, ranking in the top 11% of all industries. Utilize Zacks.com for up-to-date stock metrics and insights.
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Read more at Nasdaq: SkyWest (SKYW) Stock Moves -0.6%: What You Should Know