SKYW's efforts to expand its global reach are praiseworthy. The upbeat air travel demand also bodes well for the company.
SkyWest's post-pandemic recovery is driven by strong financial momentum, rising air travel demand, and better fleet utilization, making it a solid Buy. The company's contract-based revenue model with major airlines ensures stable, predictable income, shielding it from typical industry risks. SkyWest's Q4 2024 results show significant revenue and profitability growth, with efficient cost control and strategic fleet expansion.
In the latest trading session, SkyWest (SKYW) closed at $98.91, marking a +0.99% move from the previous day.
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 become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
With earnings estimates soaring high, we assess the current investment potential of SKYW stock.
SkyWest (SKYW) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Why SkyWest Is A Strong Buy: Undervalued Stock With Growing Profitability
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The regional airline industry and SkyWest have faced significant challenges due to COVID-19 but has shown strong recovery and growth potential. SKYW is the largest U.S. regional airline, operating for major carriers like Delta, United, and American, and is significantly undervalued despite recent stock gains. SKYW's profitability is improving, with operating revenues up 20% YoY in 2024 and a current P/E ratio of 15.03, indicating undervaluation.
Does SkyWest (SKYW) have what it takes to be a top stock pick for momentum investors? Let's find out.
Recently, Zacks.com users have been paying close attention to SkyWest (SKYW). This makes it worthwhile to examine what the stock has in store.