Earnings Preview: SkyWest
Portfolio Pulse from Benzinga Insights
SkyWest (NASDAQ:SKYW) is expected to report Q4 earnings on February 1, 2024, with an EPS estimate of $0.15. Investors are looking for an earnings beat and positive guidance for future growth. Historically, SkyWest's stock price has been sensitive to earnings performance and guidance. Last quarter, the company beat the EPS estimate by $0.15, resulting in an 11.62% stock price increase the following day. Over the past year, SKYW shares have risen 150.39%, indicating a bullish sentiment among long-term shareholders.
January 31, 2024 | 6:01 pm
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SkyWest is anticipated to report Q4 earnings with an EPS estimate of $0.15. Positive earnings and guidance could lead to a stock price increase, as seen historically. Shares have significantly appreciated over the past year, reflecting investor optimism.
Given SkyWest's history of stock price increases following earnings beats and the significant appreciation over the past year, there is a strong likelihood of a positive short-term impact if the company reports favorable earnings and guidance. The 150.39% YTD increase in share price indicates strong investor confidence, which could be further bolstered by a positive earnings report.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100