SkyWest EPS Forecast Falls 9.5% to $2.19; Zacks Ranks It Buy
SkyWest’s current quarter EPS estimate is $2.19, down 9.5% year-over-year, with the consensus forecast cut by 0.5% over the past month. Consensus forecasts call for fiscal year EPS of $11.42 (+10.3%) and $12.01 (+5.2%), quarterly revenue of $982.6 million (+3.6%) and a Zacks Rank #2 (Buy) rating.
1. Earnings Estimate Revisions
SkyWest’s current quarter EPS estimate slipped to $2.19, a 9.5% drop year-over-year, with consensus projections cut by 0.5% over the last 30 days. Analysts have raised fiscal year EPS forecasts to $11.42 (+10.3%) and next year to $12.01 (+5.2%), with 30-day changes of +1.5% and +0.1% respectively.
2. Revenue Growth Forecast
Quarterly sales are projected at $982.63 million, up 3.6% year-over-year, while full-year revenue estimates stand at $4.33 billion (+6.6%) and $4.44 billion (+2.7%) for the current and next fiscal years.
3. Recent Quarterly Results
In the last reported quarter, SkyWest generated revenue of $1.02 billion (+8.5% year-over-year) and EPS of $2.21 versus $2.34 a year ago. The company delivered a revenue surprise of +3.81% and an EPS miss of -1.78%, topping consensus revenue estimates in each of the past four quarters and EPS estimates three times.
4. Valuation and Rating
SkyWest holds a Zacks Value Style Score of A, indicating it trades at a discount relative to peers. Its Zacks Rank #2 (Buy) reflects recent upward revisions to earnings estimates and favorable valuation metrics.