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SKYW's third-quarter 2024 revenues benefit from flying contract rate increases and higher production.
SkyWest (SKYW) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
There are multiple positives from SkyWest's Q3 2024 earnings report. SkyWest's valuation remains attractive as compared to the broader market. SkyWest's has been making strong margin gains as it returns to pre-pandemic production levels.
SkyWest stock has doubled over the past twelve months. The company has a beneficial cost set up that largely shields it from fluctuations in fuel prices. The company should be able to fly the full contracted capacity by mid to end 2025.
SkyWest, Inc. (NASDAQ:SKYW ) Q3 2024 Earnings Conference Call October 31, 2024 4:30 PM ET Company Participants Rob Simmons - Chief Financial Officer Eric Woodward - Chief Accounting Officer Chip Childs - President and Chief Executive Officer Wade Steel - Chief Commercial Officer Conference Call Participants Mike Linenberg - Deutsche Bank Savi Syth - Raymond James Tom Fitzgerald - TD Cowen Operator Hello and welcome to the SkyWest Incorporated Third Quarter 2024 Results Call. [Operator Instructions] As a reminder, this conference is being recorded.
SkyWest (SKYW) came out with quarterly earnings of $2.16 per share, beating the Zacks Consensus Estimate of $1.92 per share. This compares to earnings of $0.55 per share a year ago.
Passenger volumes in the third quarter of 2024 are likely to have been upbeat at SKYW.
SkyWest's strong Q2 performance, fleet expansion, and cost control indicate significant growth potential, justifying a "Buy" rating for the medium term. SKYW's robust balance sheet, declining debt, and strategic fleet investments position it well for future growth and shareholder value creation. Despite industry volatility, SkyWest's focus on underserved markets and improving partnerships should drive long-term value, with Q3 results likely exceeding expectations.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
SkyWest (SKYW) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
The latest trading day saw SkyWest (SKYW) settling at $95.58, representing a -0.22% change from its previous close.