SkyWest, Inc. (NASDAQ:SKYW) is reporting third quarter financial results on Thursday 29th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, SKYW is expected to report 3Q20 loss of $ 0.19 per share from revenue of $ 444.10 million.
For the full year, analysts anticipate top line of $ 2055.90 million, while looking forward to loss of $ 0.06 per share bottom line.
Previous Quarter Performance
SkyWest, Inc. announced loss for the second quarter of $ 0.51 per share, from the revenue of $ 350.04 million. The quarterly revenues declined 52.98 percent compared with the same quarter last year. Wall street analysts are predicting, SKYW to report 2Q20 loss of $ 0.18 per share from revenue of $ 329.89 million. The bottom line results missed street analysts by $ 0.33 or 183.33 percent, at the same time, top line results outshined analysts by $ 20.15 million or 6.11 percent.
Stock Performance
Shares of SkyWest, Inc. traded low $ -1.92 or -6.46 percent on Wednesday, reaching $ 27.80 with volume of 437.60 thousand shares. SkyWest, Inc. has traded high as $ 28.96 and has cracked $ 27.45 on the downward trend
According to the previous trading day, closing price of $ 27.80, representing a 180.91 % increase from the 52 week low of $ 10.58 and a 55.32 % decrease over the 52 week high of $ 66.52.
The company has a market capital of $ 1.40 billion and is part of the Industrials sector and Airlines industry.
Recent Analyst recommendations
- On 30th September 2020, maintained by Raymond James at Strong Buy rating, with $ 42.00 target price.
SkyWest, Inc., through its subsidiaries, operates a regional airline in the United States. As of December 31, 2018, it provided scheduled passenger and air freight services with approximately 2,770 total daily departures to various destinations in the United States, Canada, Mexico, and the Caribbean; and had a fleet of 596 aircraft available for scheduled service. The company operates its flights as Delta Connection, United Express, American Eagle, or Alaska under code-share arrangements.
