SkyWest Exceeds Estimates

Dahlman Rose has published a research report on SkyWest, Inc. SKYW after the company reported 3Q EPS that exceeded estimates and thus put pressure on margins. In the report, Dahlman Rose writes "Genco reported 3Q10 EPS of $0.99, beating our $0.86 estimate as well as the $0.96 consensus forecast. Net revenues of $116.6MM beat our $110.5MM forecast, with results largely as expected across other line items. Spot operations at Baltic Trading came in as expected, reflecting a seasonally weak period for the dry bulk market but set to provide a larger contribution in coming quarters." Dahlman Rose maintains its Hold rating on SkyWest, which closed yesterday at $15.40.