SkyWest Inc. (SKYW) Releases Q1 Earnings Guidance
SkyWest Inc. (NASDAQ:SKYW) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of ($0.46)-($0.41) for the period, compared to the Thomson Reuters consensus estimate of ($0.31), Stock Ratings Network reports.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of SkyWest from an underperform rating to a neutral rating in a research note on Monday. They now have a $13.10 price target on the stock. Analysts at TheStreet downgraded shares of SkyWest from a buy rating to a hold rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. SkyWest presently has a consensus rating of Hold and a consensus target price of $14.27.
SkyWest Inc. (NASDAQ:SKYW) opened at 12.50 on Tuesday. SkyWest Inc. has a one year low of $11.56 and a one year high of $17.29. The stock’s 50-day moving average is $12.84 and its 200-day moving average is $14.06. The company has a market cap of $642.2 million and a price-to-earnings ratio of 11.16.
SkyWest (NASDAQ:SKYW) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.19 by $0.02. The company had revenue of $804.37 million for the quarter, compared to the consensus estimate of $824.01 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. On average, analysts predict that SkyWest Inc. will post $0.73 earnings per share for the current fiscal year.
SkyWest, Inc (NASDAQ:SKYW) through subsidiaries, SkyWest Airlines, Inc (SkyWest Airlines) and ExpressJet Airlines, Inc (ExpressJet) operates the regional airline in the United States.
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