SkyWest (SKYW) Projected to Release Quarterly Earnings on Thursday

Key Points

• SkyWest is expected to report Q3 2026 earnings after market close on October 29. Analysts forecast earnings of $3.07 per share on $1.14 billion in revenue; the conference call is scheduled for 4:30 p.m. ET.
• In its latest quarter, SkyWest reported $2.54 EPS and $1.10 billion in revenue, both below expectations, although revenue increased 6.5% year over year.
• The company authorized a $250 million share-buyback program, while analysts maintain a consensus “Hold” rating with a $113 price target. Recent insider activity included stock sales by the CEO and CFO.

SkyWest (NASDAQ:SKYW - Get Free Report) is anticipated to post its Q3 2026 results after the market closes on Thursday, October 29th. Analysts expect SkyWest to post earnings of $3.07 per share and revenue of $1.14 billion for the quarter. Interested persons can find conference call details on the company's upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Thursday, October 29, 2026 at 4:30 PM ET.

SkyWest (NASDAQ:SKYW - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The transportation company reported $2.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.70 by ($0.16). SkyWest had a return on equity of 14.58% and a net margin of 9.78%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the firm posted $2.91 EPS. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. On average, analysts expect SkyWest to post $10.58 EPS for the current fiscal year and $12.14 EPS for the next fiscal year.

SkyWest Trading Up 2.1%

Shares of SKYW opened at $94.25 on Thursday. The stock's 50-day moving average price is $97.94 and its 200 day moving average price is $95.36. The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 9.37, a P/E/G ratio of 1.34 and a beta of 1.47. SkyWest has a 12-month low of $77.89 and a 12-month high of $117.72.

SkyWest announced that its board has authorized a share buyback program on Thursday, July 23rd that allows the company to buy back $250.00 million in outstanding shares. This buyback authorization allows the transportation company to repurchase up to 6.6% of its shares through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued.

Insider Transactions at SkyWest

In other news, CFO Robert J. Simmons sold 25,000 shares of the firm's stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $110.49, for a total value of $2,762,250.00. Following the completion of the transaction, the chief financial officer owned 93,902 shares in the company, valued at $10,375,231.98. This trade represents a 21.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Russell A. Childs sold 50,500 shares of the firm's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $113.21, for a total value of $5,717,105.00. Following the completion of the transaction, the chief executive officer owned 346,190 shares of the company's stock, valued at approximately $39,192,169.90. This represents a 12.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 115,226 shares of company stock worth $12,855,192. Insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SKYW shares. TD Cowen dropped their price objective on shares of SkyWest from $123.00 to $116.00 and set a "buy" rating for the company in a research note on Friday, October 2nd. Cantor Fitzgerald set a $116.00 target price on SkyWest in a report on Friday, October 2nd. Citigroup boosted their price objective on shares of SkyWest from $95.00 to $105.00 and gave the stock a "neutral" rating in a research report on Friday, June 26th. The Goldman Sachs Group downgraded shares of SkyWest from a "buy" rating to a "neutral" rating and cut their target price for the company from $126.00 to $115.00 in a research report on Thursday, July 2nd. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of SkyWest in a research report on Wednesday, October 14th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $113.00.

SkyWest Company Profile

SkyWest, Inc NASDAQ: SKYW is an airline holding company that operates regional passenger air service in the United States. Its primary subsidiary, SkyWest Airlines, connects smaller and midsized communities with larger airline hubs and provides scheduled flights under capacity-purchase agreements with major airline partners.

SkyWest Airlines operates flights under the United Express, Delta Connection and Alaska Airlines brands, serving destinations throughout the United States and select locations in Canada, Mexico and the Bahamas.

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