SkyWest Falls 1.29% as Major US Indexes Advance
The airline’s shares lagged the broader market, while analysts’ estimates point to higher earnings and revenue in the coming quarter.
SkyWest shares fell 1.29% to $96.43 in Friday’s session, while major US indexes rose. The S&P 500 gained 0.73%, the Dow added 0.49% and the Nasdaq advanced 1.19%.
Over the past month, SkyWest shares rose 1.51%, according to the report. That outpaced a 3.02% decline in the Transportation sector and a 0.55% gain for the S&P 500.
Investors are awaiting SkyWest’s next financial results. Zacks’ consensus estimate calls for earnings of $3.13 per share and revenue of $1.14 billion, increases of 11.39% and 8.93%, respectively, from the same quarter a year earlier.
For the full year, Zacks estimates earnings of $10.94 per share and revenue of $4.36 billion. Those figures would mark year-over-year growth of 5.7% and 7.48%, respectively. The consensus earnings estimate was unchanged over the past 30 days.
The report also put SkyWest’s forward price-to-earnings ratio at 8.93, below the airline industry average of 11.57. Its PEG ratio, which factors in expected earnings growth, was 1.37, compared with an industry average of 0.92.
This article was produced with the help of AI technology. Source: Yahoo Finance
