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Sky Harbour Group (SKYH)
:SKYH
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Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.13Last Year’s EPS
-0.13Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 11, 2022
|% Change Since: -1.47%
|Next Earnings Date:May 13, 2022
Earnings Call Sentiment|Positive
The overall sentiment of the call is cautiously optimistic. The company reported significant revenue growth, high occupancy rates, and positive projections for breakeven and expansion. However, increased operating expenses and construction delays due to inflation present challenges.Company Guidance
During the Sky Harbour Q3 2024 earnings call, the company provided detailed guidance on several financial and operational metrics. The management highlighted a marked increase in revenues, attributing it to the optimization of existing campuses and exceeding 100% occupancy, along with higher rental rates on renewals. They noted a significant rise in operating expenses, primarily due to elevated ground lease payments in San Jose and the recognition of operating expenses ahead of cash payments. The company reported a 36% noncash portion of their operating expenses and a 77% noncash expense related to changes in warrant value, impacting their net loss. They reiterated guidance to achieve breakeven by next year, supported by the opening of three new campuses. The company's development plans include a total of 23 airports by the end of 2025, with nine new airport starts planned. They also mentioned an improvement in bond yields, reflecting market confidence, and continued strategic capital raising efforts to fund future growth.Revenue Growth and Occupancy
Revenues increased significantly with the optimization of three campuses and the opening of the San Jose campus. Occupancy rates exceeded 100%, with expectations of continued revenue growth from higher rental rates.
Expansion and Construction Progress
Sky Harbour announced plans to expand to 23 airports by the end of 2025, revising estimates upward from 22. Construction of new sites is on track, with three projects set for delivery by early 2025.
Positive Operating Cash Flow and Breakeven Projection
The company is moving toward positive operating cash flow, with an expectation to reach breakeven by next year, driven by new campus openings and leasing.
Success in Leasing and Revenue Density
Leasing rates are significantly higher than initial projections, with a 20% average increase between first and second lease terms. The semiprivate hangar model has improved revenue density.
Financial Stability and Debt Management
Current cash and investments provide sufficient coverage for future construction projects. The company plans to achieve investment-grade ratings after completing construction projects.
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SKYH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SKYH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $11.55 | $11.21 | -2.94% |
| Aug 13, 2024 | $8.91 | $10.03 | +12.57% |
| May 14, 2024 | $13.47 | $12.00 | -10.91% |
| Mar 27, 2024 | $13.25 | $12.77 | -3.62% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sky Harbour Group (SKYH) report earnings?
Sky Harbour Group (SKYH) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.
What is Sky Harbour Group (SKYH) earnings time?
Sky Harbour Group (SKYH) earnings time is at Mar 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SKYH EPS forecast?
SKYH EPS forecast for the fiscal quarter 2024 (Q4) is -0.13.
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