SkyWest, Inc. (SKYW) Hits Fresh High: Is There Still Room to Run?

Zacks11-04 22:15

Have you been paying attention to shares of SkyWest (SKYW)? Shares have been on the move with the stock up 19% over the past month. The stock hit a new 52-week high of $103.49 in the previous session....

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The stock hit a new 52-week high of $103.49 in the previous session....</p>\n\n<a href=\"https://finance.yahoo.com/news/skywest-inc-skyw-hits-fresh-141508196.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SkyWest, Inc. 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(SKYW) Hits Fresh High: Is There Still Room to Run?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-04 22:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/skywest-inc-skyw-hits-fresh-141508196.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Have you been paying attention to shares of SkyWest (SKYW)? Shares have been on the move with the stock up 19% over the past month. The stock hit a new 52-week high of $103.49 in the previous session....</p>\n\n<a href=\"https://finance.yahoo.com/news/skywest-inc-skyw-hits-fresh-141508196.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SKYW","symbol_name":"西空航空","start_time":0,"source_url":"https://finance.yahoo.com/news/skywest-inc-skyw-hits-fresh-141508196.html","article_id":"2480587798","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/9tpS8u8rAmiEoUItmUZeOA--~B/aD02MDE7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/090f58c1efbe3555b861102525e50b39"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480587798","pubTimestamp":1730729708,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Have you been paying attention to shares of SkyWest ?Shares have been on the move with the stock up 19% over the past month. The stock hit a new 52-week high of $103.49 in the previous session. SkyWest has gained 94.1% since the start of the year compared to the -0.5% move for the Zacks Transportation sector and the 26.6% return for the Zacks Transportation - Airline industry.The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on October 31, 2024, SkyWest reported EPS of $2.16 versus consensus estimate of $1.92.For the current fiscal year, SkyWest is expected to post earnings of $6.96 per share on $3.44 billion in revenues. This represents an 803.9% change in EPS on a 17.12% change in revenues. For the next fiscal year, the company is expected to earn $7.95 per share on $3.71 billion in revenues. This represents a year-over-year change of 14.26% and 8.04%, respecti","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SKYW":"西空航空","BK4500":"航空公司","VLRS":"Volaris航空","BK4008":"航空公司"},"translate_title":"SkyWest，Inc.（SKYW）再创新高：还有运行空间吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SKYW":1,"VLRS":0.9},"content_text":"Have you been paying attention to shares of SkyWest (SKYW)? Shares have been on the move with the stock up 19% over the past month. The stock hit a new 52-week high of $103.49 in the previous session. SkyWest has gained 94.1% since the start of the year compared to the -0.5% move for the Zacks Transportation sector and the 26.6% return for the Zacks Transportation - Airline industry.\nWhat's Driving the Outperformance?\nThe stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on October 31, 2024, SkyWest reported EPS of $2.16 versus consensus estimate of $1.92.\nFor the current fiscal year, SkyWest is expected to post earnings of $6.96 per share on $3.44 billion in revenues. This represents an 803.9% change in EPS on a 17.12% change in revenues. For the next fiscal year, the company is expected to earn $7.95 per share on $3.71 billion in revenues. This represents a year-over-year change of 14.26% and 8.04%, respectively.\nValuation Metrics\nSkyWest may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.\nOn this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.\nSkyWest has a Value Score of A. The stock's Growth and Momentum Scores are C and C, respectively, giving the company a VGM Score of A.\nIn terms of its value breakdown, the stock currently trades at 14.6X current fiscal year EPS estimates, which is a premium to the peer industry average of 10.6X. On a trailing cash flow basis, the stock currently trades at 9.9X versus its peer group's average of 5.9X. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.\nZacks Rank\nWe also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, SkyWest currently has a Zacks Rank of #1 (Strong Buy) thanks to rising earnings estimates.\nSince we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if SkyWest passes the test. Thus, it seems as though SkyWest shares could have potential in the weeks and months to come.\nHow Does SKYW Stack Up to the Competition?\nShares of SKYW have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS). VLRS has a Zacks Rank of # 1 (Strong Buy) and a Value Score of A, a Growth Score of A, and a Momentum Score of D.\nEarnings were strong last quarter. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. beat our consensus estimate by 68.42%, and for the current fiscal year, VLRS is expected to post earnings of $0.70 per share on revenue of $3.1 billion.\nShares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. have gained 17.5% over the past month, and currently trade at a forward P/E of 6.57X and a P/CF of 1.69X.\nThe Transportation - Airline industry is in the top 5% of all the industries we have in our universe, so it looks like there are some nice tailwinds for SKYW and VLRS, even beyond their own solid fundamental situation.\nWant 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\nSkyWest, Inc. (SKYW) : Free Stock Analysis Report\nControladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2480587798"}