SkyWest Inc (SKYW) Q3 2024 Earnings Report Preview: What To Look For

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Oct 30, 2024

SkyWest Inc (SKYW, Financial) is set to release its Q3 2024 earnings on Oct 31, 2024. The consensus estimate for Q3 2024 revenue is $889 million, and the earnings are expected to come in at $1.91 per share. The full year 2024's revenue is expected to be $3.42 billion and the earnings are expected to be $6.89 per share. More detailed estimate data can be found on the Forecast page.

SkyWest Inc (SKYW, Financial) Estimates Trends

Revenue estimates for SkyWest Inc (SKYW) have remained flat at $3.42 billion for the full year 2024 and have declined from $3.73 billion to $3.73 billion for 2025 over the past 90 days. Earnings estimates for SkyWest Inc (SKYW) have remained steady at $6.89 per share for the full year 2024 and at $7.86 per share for 2025 over the past 90 days.

SkyWest Inc (SKYW, Financial) Reported History

In the previous quarter of 2024-06-30, SkyWest Inc's (SKYW) actual revenue was $867.12 million, which beat analysts' revenue expectations of $826.62 million by 4.9%. SkyWest Inc's (SKYW) actual earnings were $1.82 per share, which beat analysts' earnings expectations of $1.74 per share by 4.78%. After releasing the results, SkyWest Inc (SKYW) was down by -9.16% in one day.

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SkyWest Inc (SKYW, Financial) 12 Month Price Targets

Based on the one-year price targets offered by 4 analysts, the average target price for SkyWest Inc (SKYW) is $95.25 with a high estimate of $101 and a low estimate of $85. The average target implies a downside of -0.7% from the current price of $95.92.

Based on GuruFocus estimates, the estimated GF Value for SkyWest Inc (SKYW, Financial) in one year is $61.15, suggesting a downside of -36.25% from the current price of $95.92.

Based on the consensus recommendation from 4 brokerage firms, SkyWest Inc's (SKYW, Financial) average brokerage recommendation is currently 2.3, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

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This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.