SkyWest Q4 EPS $0.42 Beats $0.15 Estimate, Sales $751.79M Miss $758.49M Estimate
Portfolio Pulse from totan@benzinga.com
SkyWest (NASDAQ:SKYW) reported Q4 earnings of $0.42 per share, surpassing the $0.15 estimate, marking a 145.16% increase from last year's losses. However, their sales of $751.79M fell short of the $758.49M estimate, despite being a 10.35% increase from the previous year.
February 01, 2024 | 9:12 pm
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POSITIVE IMPACT
SkyWest reported a significant earnings beat and a modest year-over-year sales increase, but missed sales estimates slightly.
The substantial beat on earnings per share (EPS) expectations is likely to positively impact investor sentiment towards SKYW in the short term, despite the slight miss on sales estimates. The strong year-over-year growth in both earnings and sales highlights the company's recovery and operational improvement, which could further bolster investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100