SkyWest Beats Up on Analysts Yet Again
SkyWest (NAS: SKYW) reported earnings on May 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), SkyWest met expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP loss per share dropped.
Margins expanded across the board.
SkyWest reported revenue of $921.2 million. The five analysts polled by S&P Capital IQ looked for sales of $912.9 million on the same basis. GAAP reported sales were 6.4% higher than the prior-year quarter's $866.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.01. The five earnings estimates compiled by S&P Capital IQ forecast -$0.15 per share. GAAP EPS were -$0.01 for Q1 compared to -$0.21 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 15.1%, 80 basis points better than the prior-year quarter. Operating margin was 2.2%, 210 basis points better than the prior-year quarter. Net margin was -0.1%, 120 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $941.8 million. On the bottom line, the average EPS estimate is $0.12.
Next year's average estimate for revenue is $3.75 billion. The average EPS estimate is $0.56.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on SkyWest is hold, with an average price target of $12.80.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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