SkyWest Inc (NASDAQ: SKYW) has reported earnings for its third fiscal quarter (ending September 30) of $2.23 versus $0.56 for the same period a year ago — an increase of 298%. For the latest four quarters through September 30, E.P.S. were $6.04 compared to $-0.56 a year ago — a decline of -1179%.
Recent Price Action
On 10/31/24, SkyWest Inc (NASDAQ: SKYW) stock declined modestly by -1.4%, closing at $95.20. Moreover, trading volume in this decline was unusually high at 179% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 2.0% 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 B (Positive). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. SkyWest has a slightly positive Appreciation Score of 62 and a good Power Rating of 82, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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