SkyWest (SKYW) is identified as a strong momentum stock with a Zacks Rank #2 (Buy) and a Momentum Style Score of B. SKYW's price has increased 3.14% over the past week and 10.72% over the past month, outperforming its industry, and is up 34.03% in the last year, significantly exceeding the S&P 500's 11.45% gain; additionally, earnings estimates have been revised upwards, increasing the full-year consensus from $9.01 to $9.28 in the past 60 days.
SkyWest (SKYW) exhibits strong momentum characteristics, underscored by a Zacks Rank of #2 (Buy) and a Momentum Style Score of B. The regional airline's stock has demonstrated significant outperformance relative to both its industry and the broader market. Specifically, SKYW shares appreciated 3.14% over the past week, surpassing the Zacks Transportation - Airline industry's 2.62% gain, and surged 10.72% in the past month compared to the industry's 6.27% increase. Over a longer horizon, SKYW's stock rose 0.72% in the past quarter and an impressive 34.03% over the last year, contrasting sharply with the S&P 500's respective movements of -2.55% and +11.45%. This positive price trajectory is supported by an improving earnings outlook; over the past 60 days, three upward revisions to full-year earnings estimates (with no downward revisions) have propelled the consensus estimate from $9.01 to $9.28. Similarly, for the next fiscal year, two estimates have been revised upwards without any counteracting downward revisions. The stock's average 20-day trading volume stands at 325,085 shares, a metric used to gauge price-to-volume dynamics. The combination of these factors suggests a robust underlying trend for SKYW.
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strongly positive
Sentiment Score
0.80
Ticker Sentiment
