We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is SkyWest (SKYW) Stock Outpacing Its Transportation Peers This Year?
Read MoreHide Full Article
Investors focused on the Transportation space have likely heard of SkyWest (SKYW - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Transportation sector should help us answer this question.
SkyWest is a member of the Transportation sector. This group includes 153 individual stocks and currently holds a Zacks Sector Rank of #16. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. SKYW is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for SKYW's full-year earnings has moved 5.52% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, SKYW has gained about 32.65% so far this year. Meanwhile, stocks in the Transportation group have gained about 13.39% on average. This shows that SkyWest is outperforming its peers so far this year.
Looking more specifically, SKYW belongs to the Transportation - Airline industry, a group that includes 28 individual stocks and currently sits at #182 in the Zacks Industry Rank. This group has gained an average of 6.06% so far this year, so SKYW is performing better in this area.
Investors in the Transportation sector will want to keep a close eye on SKYW as it attempts to continue its solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is SkyWest (SKYW) Stock Outpacing Its Transportation Peers This Year?
Investors focused on the Transportation space have likely heard of SkyWest (SKYW - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Transportation sector should help us answer this question.
SkyWest is a member of the Transportation sector. This group includes 153 individual stocks and currently holds a Zacks Sector Rank of #16. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. SKYW is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for SKYW's full-year earnings has moved 5.52% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, SKYW has gained about 32.65% so far this year. Meanwhile, stocks in the Transportation group have gained about 13.39% on average. This shows that SkyWest is outperforming its peers so far this year.
Looking more specifically, SKYW belongs to the Transportation - Airline industry, a group that includes 28 individual stocks and currently sits at #182 in the Zacks Industry Rank. This group has gained an average of 6.06% so far this year, so SKYW is performing better in this area.
Investors in the Transportation sector will want to keep a close eye on SKYW as it attempts to continue its solid performance.