Skywest Stock Net Income
| SKYW Stock | USD 71.35 2.96 3.98% |
SkyWest fundamentals help investors to digest information that contributes to SkyWest's financial success or failures. It also enables traders to predict the movement of SkyWest Stock. The fundamental analysis module provides a way to measure SkyWest's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to SkyWest stock.
| Last Reported | Projected for Next Year | ||
| Net Income | 34.3 M | 32.6 M | |
| Net Income Applicable To Common Shares | 83.9 M | 107.6 M | |
| Net Loss | -30.3 M | -28.8 M | |
| Net Income Per Share | 0.78 | 0.98 | |
| Net Income Per E B T | 0.85 | 0.57 |
SkyWest | Net Income |
SkyWest Company Net Income Analysis
SkyWest's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current SkyWest Net Income | 34.34 M |
Most of SkyWest's fundamental indicators, such as Net Income, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, SkyWest is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
SkyWest Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for SkyWest is extremely important. It helps to project a fair market value of SkyWest Stock properly, considering its historical fundamentals such as Net Income. Since SkyWest's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of SkyWest's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of SkyWest's interrelated accounts and indicators.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
SkyWest Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, SkyWest reported net income of 34.34 M. This is 86.76% lower than that of the Passenger Airlines sector and 96.2% lower than that of the Industrials industry. The net income for all United States stocks is 93.99% higher than that of the company.
SkyWest Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses SkyWest's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of SkyWest could also be used in its relative valuation, which is a method of valuing SkyWest by comparing valuation metrics of similar companies.SkyWest is currently under evaluation in net income category among related companies.
SkyWest Institutional Holders
Institutional Holdings refers to the ownership stake in SkyWest that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of SkyWest's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing SkyWest's value.| Shares | Amvescap Plc. | 2023-12-31 | 623.4 K | Arrowstreet Capital Limited Partnership | 2023-12-31 | 550.1 K | Citadel Advisors Llc | 2023-09-30 | 522.7 K | Millennium Management Llc | 2023-12-31 | 520 K | Charles Schwab Investment Management Inc | 2023-12-31 | 518.2 K | Prudential Financial Inc | 2023-12-31 | 458.6 K | Northern Trust Corp | 2023-12-31 | 442 K | Nuveen Asset Management, Llc | 2023-12-31 | 431.9 K | Federated Hermes Inc | 2023-12-31 | 389.8 K | Blackrock Inc | 2023-12-31 | 6.5 M | Vanguard Group Inc | 2023-12-31 | 4.9 M |
SkyWest Fundamentals
| Return On Equity | 0.0154 | ||||
| Return On Asset | 0.0092 | ||||
| Profit Margin | 0.01 % | ||||
| Operating Margin | 0.04 % | ||||
| Current Valuation | 5.13 B | ||||
| Shares Outstanding | 40.36 M | ||||
| Shares Owned By Insiders | 2.50 % | ||||
| Shares Owned By Institutions | 87.86 % | ||||
| Number Of Shares Shorted | 2.13 M | ||||
| Price To Earning | 7.02 X | ||||
| Price To Book | 1.29 X | ||||
| Price To Sales | 0.93 X | ||||
| Revenue | 2.94 B | ||||
| Gross Profit | 893.86 M | ||||
| EBITDA | 487.18 M | ||||
| Net Income | 34.34 M | ||||
| Cash And Equivalents | 974.68 M | ||||
| Cash Per Share | 19.27 X | ||||
| Total Debt | 3.09 B | ||||
| Debt To Equity | 1.49 % | ||||
| Current Ratio | 1.01 X | ||||
| Book Value Per Share | 52.54 X | ||||
| Cash Flow From Operations | 736.33 M | ||||
| Short Ratio | 3.25 X | ||||
| Earnings Per Share | 0.77 X | ||||
| Price To Earnings To Growth | 1.02 X | ||||
| Target Price | 77.75 | ||||
| Number Of Employees | 11.47 K | ||||
| Beta | 1.94 | ||||
| Market Capitalization | 3 B | ||||
| Total Asset | 7.47 B | ||||
| Retained Earnings | 2.27 B | ||||
| Working Capital | (122.4 M) | ||||
| Current Asset | 1.02 B | ||||
| Current Liabilities | 748.03 M | ||||
| Five Year Return | 0.77 % | ||||
| Net Asset | 7.47 B |
About SkyWest Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze SkyWest's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of SkyWest using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of SkyWest based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
SkyWest Investors Sentiment
The influence of SkyWest's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in SkyWest. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to SkyWest's public news can be used to forecast risks associated with an investment in SkyWest. The trend in average sentiment can be used to explain how an investor holding SkyWest can time the market purely based on public headlines and social activities around SkyWest. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
SkyWest's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for SkyWest's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average SkyWest's news discussions. The higher the estimated score, the more favorable is the investor's outlook on SkyWest.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards SkyWest in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, SkyWest's short interest history, or implied volatility extrapolated from SkyWest options trading.
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When determining whether SkyWest is a strong investment it is important to analyze SkyWest's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact SkyWest's future performance. For an informed investment choice regarding SkyWest Stock, refer to the following important reports:Check out SkyWest Piotroski F Score and SkyWest Altman Z Score analysis. For more information on how to buy SkyWest Stock please use our How to Invest in SkyWest guide.You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for SkyWest Stock analysis
When running SkyWest's price analysis, check to measure SkyWest's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SkyWest is operating at the current time. Most of SkyWest's value examination focuses on studying past and present price action to predict the probability of SkyWest's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SkyWest's price. Additionally, you may evaluate how the addition of SkyWest to your portfolios can decrease your overall portfolio volatility.
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Is SkyWest's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of SkyWest. If investors know SkyWest will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about SkyWest listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.42) | Earnings Share 0.77 | Revenue Per Share 66.805 | Quarterly Revenue Growth 0.104 | Return On Assets 0.0092 |
The market value of SkyWest is measured differently than its book value, which is the value of SkyWest that is recorded on the company's balance sheet. Investors also form their own opinion of SkyWest's value that differs from its market value or its book value, called intrinsic value, which is SkyWest's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SkyWest's market value can be influenced by many factors that don't directly affect SkyWest's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SkyWest's value and its price as these two are different measures arrived at by different means. Investors typically determine if SkyWest is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SkyWest's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.