SkyWest Inc (NASDAQ: SKYW) has reported E.P.S. of $1.50 for its first fiscal quarter (ending March 31) versus $-0.45 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $2.84 compared to $0.65 a year ago.
Recent Price Action
SkyWest Inc (NASDAQ: SKYW) stock closed at $73.14 on 4/25/24 after a large increase of 2.5%. Trading volume in this advance was normal. The stock has risen 9.6% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
SKYW is expected to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
SkyWest has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. SkyWest has a good Appreciation Score of 73 and a very high Power Rating of 93, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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