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SkyWest (SKYW) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
SkyWest's (SKYW) third-quarter 2023 earnings and revenues decrease year over year.
SkyWest, Inc. (NASDAQ:SKYW ) Q3 2023 Earnings Conference Call October 26, 2023 4:30 PM ET Company Participants Robert Simmons - Chief Financial Officer Eric Woodward - Chief Accounting Officer Chip Childs - President & Chief Executive Officer Wade Steel - Chief Commercial Officer Conference Call Participants Michael Linenberg - Deutsche Bank Savi Syth - Raymond James Helane Becker - Cowen Catherine O'Brien - Goldman Sachs Duane Pfennigwerth - Evercore ISI Operator Ladies and gentlemen, thank you for standing by. My name is Brent and I will be your conference operator today.
Although the revenue and EPS for SkyWest (SKYW) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
SkyWest (SKYW) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.96 per share a year ago.
SkyWest (SKYW) is scheduled to operate a total of 239 E175 aircraft by 2025-end.
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, SkyWest (SKYW) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
SkyWest reported better-than-expected Q2 2023 financial results, with EPS of 35 cents and revenue of $725 million. Despite being a regional airline, SkyWest has seen a significant increase in stock performance, up 164% YTD. SkyWest faces challenges such as a pilot shortage and pressure to retain service to small cities, but has strategies in place to address them.
SkyWest, Inc.'s financial results for Q2 show a decline in revenues and higher operating expenses, reflecting the challenging cost environment for regional airline operators. The company has seen positive cash flow and has a strong cash position, allowing for share repurchases and potential debt reduction. While SKYW stock price has doubled in the past year, it is currently considered fairly valued, but there is potential for significant upside in 2024.
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, SkyWest (SKYW) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.