SkyWest Inc reports results for the quarter ended in December - Earnings Summary

SkyWest

01/02/2024 22:02

* SkyWest Inc  SKYW.OQ  reported quarterly adjusted earnings
of 42
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -93
cents.  The mean expectation of five analysts for the quarter
was for earnings of 15 cents per share. Wall Street expected
results to range from 7 cents to 25 cents per share.
    * Revenue rose 10.4% to $751.79 million from a year ago;
analysts
expected $758.49 million. 
    * SkyWest Inc's reported EPS for the quarter was 42 cents​.
    * The company reported quarterly net income of $17.52
million.
    * SkyWest Inc shares had risen by 2.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 16.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for SkyWest Inc
is
$55.00 

This summary was machine generated from LSEG data February 1 at
10:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.15           0.42           Beat
 Sep. 30 2023      0.40           0.55           Beat
 Jun. 30 2023      -0.45          0.35           Beat
 Mar. 31 2023      -0.56          -0.45          Beat