SkyWest Shares Drop 4.98% to $95.36 Ahead of Q1 EPS Forecast
SkyWest shares fell 4.98% to close at $95.36, underperforming the S&P 500’s 0.57% decline and trailing the Transportation sector’s 2.67% monthly loss relative to a 1.84% gain. Analysts expect Q1 EPS of $2.19, down 9.5% year-over-year, on revenue of $982.6 million (+3.6%).
1. Stock Performance Drop
SkyWest closed at $95.36 after a 4.98% sell-off, heavily underperforming the S&P 500’s 0.57% slide, the Dow’s 1.61% drop and the Nasdaq’s 0.26% pullback. This session marked the stock’s steepest single-day decline in several months.
2. Monthly Underperformance
Over the past month, shares have declined 2.67%, lagging the Transportation sector’s 1.84% gain and the S&P 500’s 0.15% loss. This underperformance has widened concerns about the airline’s near-term growth trajectory.
3. Upcoming Q1 Guidance
Analysts project Q1 EPS of $2.19 per share, a 9.5% year-over-year decline, on revenue of $982.63 million, up 3.6% from the prior-year period. Market watchers will assess these figures for signs of capacity utilization and cost control.
4. Valuation and Industry Position
SkyWest trades at a forward P/E of 8.79 versus the industry average of 8.82 and carries a PEG ratio of 0.67 against the sector’s 0.51. Analysts maintain a consensus Buy rating, while the Transportation–Airline industry ranks in the top 9% among over 250 industries.