Skywest Incorporated Stock Downgraded (SKYW)
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- Powered by its strong earnings growth of 700.00% and other important driving factors, this stock has surged by 105.81% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, our hold rating indicates that we do not recommend additional investment in this stock despite its gains in the past year.
- SKYWEST INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. This trend suggests that the performance of the business is improving. During the past fiscal year, SKYWEST INC turned its bottom line around by earning $0.99 versus -$0.53 in the prior year. This year, the market expects an improvement in earnings ($1.27 versus $0.99).
- Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. When compared to other companies in the Airlines industry and the overall market, SKYWEST INC's return on equity has significantly outperformed in comparison with the industry average, but has underperformed when compared to that of the S&P 500.
- The gross profit margin for SKYWEST INC is currently extremely low, coming in at 9.50%. Regardless of SKYW's low profit margin, it has managed to increase from the same period last year.
- Net operating cash flow has significantly decreased to -$13.84 million or 621.75% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
-- Written by a member of TheStreet Ratings Staff
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