SkyWest Inc. (SKYW) saw a big move last session, as the company’s shares fell by over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for SKYW as the stock is now down nearly 19% in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as this regional airlines company has seen 2 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
SKYW currently has a Zacks Rank #5 (Strong sell) while its Earnings ESP is 0.0%.
Some better-ranked stocks in the Airlines sector include Southwest Airlines Co. (LUV), United Continental Holdings, Inc. (UAL) and JetBlue Airways Corporation (JBLU). While Southwest Airlines and United Continental carry a Zacks Rank #1 (Strong Buy), JetBlue Airways holds a Zacks Rank #2 (Buy).
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