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

SkyWest

26/04/2024 24:00

* SkyWest Inc  SKYW.OQ  reported quarterly adjusted earnings
of
$1.45​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -45
cents.  The mean expectation of four analysts for the quarter
was for earnings of $1.23 per share. Wall Street expected
results to range from 95 cents to $1.42 per share.
    * Revenue rose 16.2% to $803.61 million from a year ago;
analysts
expected $800.15 million. 
    * SkyWest Inc's reported EPS for the quarter was $1.45​.
    * The company reported quarterly net income of $60.3
million.
    * SkyWest Inc shares had risen by 3.3% this quarter and
gained 36.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 33.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the airlines peer
group
is also "buy"

Wall Street's median 12-month price target for SkyWest Inc is
$77.50 
This summary was machine generated from LSEG data April 25 at
11:00 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
 Mar. 31 2024      1.23           1.45           Beat
 Dec. 31 2023      0.15           0.42           Beat
 Sep. 30 2023      0.40           0.55           Beat
 Jun. 30 2023      -0.45          0.35           Beat