In This Article:
For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. SkyWest (SKYW) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of SKYW and the rest of the Transportation group's stocks.
SkyWest is one of 156 companies in the Transportation group. The Transportation group currently sits at #11 within the Zacks Sector Rank. 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 #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for SKYW's full-year earnings has moved 1.35% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, SKYW has returned 35.55% so far this year. In comparison, Transportation companies have returned an average of 16.38%. This means that SkyWest is performing better than its sector in terms of year-to-date returns.
To break things down more, SKYW belongs to the Transportation - Airline industry, a group that includes 28 individual companies and currently sits at #76 in the Zacks Industry Rank. This group has gained an average of 9.08% so far this year, so SKYW is performing better in this area.
SKYW will likely be looking to continue its solid performance, so investors interested in Transportation stocks should continue to pay close attention to the company.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
SkyWest, Inc. (SKYW) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research