SkyWest (Nasdaq: SKYW ) is expected to report Q1 earnings on May 8. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict SkyWest's revenues will wither -10.8% and EPS will turn positive
The average estimate for revenue is $821.3 million. On the bottom line, the average EPS estimate is $0.07.
Last quarter, SkyWest logged revenue of $810.7 million. 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.
Last quarter, EPS came in at $0.27. 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 preceding 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.
The full year's average estimate for revenue is $3.46 billion. The average EPS estimate is $1.24.
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.
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