SkyWest (Nasdaq: SKYW ) reported earnings on Feb. 14. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), SkyWest met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share increased.
Margins increased across the board.
SkyWest booked revenue of $810.7 million. The five analysts polled by S&P Capital IQ looked for revenue of $821.1 million on the same basis. GAAP reported sales were 9.9% lower than the prior-year quarter's $899.9 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 $0.27. The five earnings estimates compiled by S&P Capital IQ predicted $0.23 per share. GAAP EPS were $0.27 for Q4 versus -$0.35 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 20.2%, 680 basis points better than the prior-year quarter. Operating margin was 5.4%, 580 basis points better than the prior-year quarter. Net margin was 1.7%, 370 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $855.4 million. On the bottom line, the average EPS estimate is $0.25.
Next year's average estimate for revenue is $3.43 billion. The average EPS estimate is $1.31.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on SkyWest is hold, with an average price target of $10.33.
Looking for alternatives to SkyWest? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.