For its second fiscal quarter (ending June 30), SkyWest Inc (NASDAQ: SKYW) has reported a 437% increase in E.P.S. from $0.35 a year ago to $1.88 in the current quarter. This result exceeded the consensus estimate of $1.75 by $0.13. E.P.S. were $4.37 for the latest four quarters through June 30 versus $-0.11 for the same period a year ago.
Recent Price Action
On 7/25/24, SkyWest Inc (NASDAQ: SKYW) stock increased 1.6%, closing at $84.48. Moreover, trading volume in this advance was above average at 122% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, SKYW is expected to be an important Value Builder.
SkyWest has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. SkyWest has a slightly positive Appreciation Score of 68 and a very high Power Rating of 95, triggering the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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