How did SKYW's Q4 2024 EPS surprise impact investor confidence?

SkyWest's (SKYW) Q4 2024 EPS surprise had a positive impact on investor confidence, as evidenced by the following points:

1. **Consistent Performance**: SkyWest has consistently exceeded market expectations with its earnings and revenue performance. This was evident in Q3 2024, where the company's earnings per share (EPS) surpassed the Zacks Consensus Estimate, leading to a 6.4% stock price increase.
2. **Historical Performance**: The company's stock reached an all-time high of $87.88, reflecting increased investor confidence in the company's performance. This historical high stock price suggests that investors are placing greater value on SkyWest due to its consistent earnings beat and revenue outperformance.
3. **Recent Trends**: In Q4 2024, SkyWest reported an EPS surprise of $0.54, which could be seen as a positive catalyst for investors. This surprise likely contributed to the ongoing trend of increased investor confidence in the company.
4. **Market Sentiment**: The fact that SkyWest's stock remained under heavy investor search, with estimates changing positively, indicates a growing interest and confidence in the company's future performance. This sentiment is bolstered by the company's track record of earnings estimate revisions, which effectively harnesses the power of earnings estimate revisions to predict price performance.

In conclusion, SkyWest's Q4 2024 EPS surprise has likely contributed to the growing investor confidence in the company, as reflected by its stock price trends and market sentiment.