SkyWest (Nasdaq: 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.

Revenue details
 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 details
 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.

Margin details
 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.

Looking ahead
 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.

Investor sentiment

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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