Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries What To Expect From Skechers’s (SKX) Q3 Earnings By: StockStory October 23, 2024 at 03:05 AM EDT Footwear company Skechers (NYSE:SKX) will be announcing earnings results tomorrow after market close. Here’s what to look for. Skechers missed analysts’ revenue expectations by 3.5% last quarter, reporting revenues of $2.16 billion, up 7.2% year on year. It was a mixed quarter for the company, with revenue guidance for next quarter exceeding analysts’ expectations but a miss of analysts’ constant currency revenue estimates. Is Skechers a buy or sell going into earnings? Read our full analysis here, it’s free.This quarter, analysts are expecting Skechers’s revenue to grow 13.9% year on year to $2.31 billion, improving from the 7.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.16 per share. Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 4 downward revisions over the last 30 days (we track 10 analysts). Skechers has missed Wall Street’s revenue estimates three times over the last two years. Looking at Skechers’s peers in the consumer discretionary segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Nike’s revenues decreased 10.4% year on year, meeting analysts’ expectations, and Scholastic reported revenues up 3.8%, topping estimates by 1.6%. Nike traded down 6.8% following the results while Scholastic was up 6%. Read our full analysis of Nike’s results here and Scholastic’s results here.Investors in the consumer discretionary segment have had fairly steady hands going into earnings, with share prices down 1.1% on average over the last month. Skechers is down 2.8% during the same time and is heading into earnings with an average analyst price target of $80.41 (compared to the current share price of $63.20). Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefitting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
What To Expect From Skechers’s (SKX) Q3 Earnings By: StockStory October 23, 2024 at 03:05 AM EDT Footwear company Skechers (NYSE:SKX) will be announcing earnings results tomorrow after market close. Here’s what to look for. Skechers missed analysts’ revenue expectations by 3.5% last quarter, reporting revenues of $2.16 billion, up 7.2% year on year. It was a mixed quarter for the company, with revenue guidance for next quarter exceeding analysts’ expectations but a miss of analysts’ constant currency revenue estimates. Is Skechers a buy or sell going into earnings? Read our full analysis here, it’s free.This quarter, analysts are expecting Skechers’s revenue to grow 13.9% year on year to $2.31 billion, improving from the 7.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.16 per share. Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 4 downward revisions over the last 30 days (we track 10 analysts). Skechers has missed Wall Street’s revenue estimates three times over the last two years. Looking at Skechers’s peers in the consumer discretionary segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Nike’s revenues decreased 10.4% year on year, meeting analysts’ expectations, and Scholastic reported revenues up 3.8%, topping estimates by 1.6%. Nike traded down 6.8% following the results while Scholastic was up 6%. Read our full analysis of Nike’s results here and Scholastic’s results here.Investors in the consumer discretionary segment have had fairly steady hands going into earnings, with share prices down 1.1% on average over the last month. Skechers is down 2.8% during the same time and is heading into earnings with an average analyst price target of $80.41 (compared to the current share price of $63.20). Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefitting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
Footwear company Skechers (NYSE:SKX) will be announcing earnings results tomorrow after market close. Here’s what to look for. Skechers missed analysts’ revenue expectations by 3.5% last quarter, reporting revenues of $2.16 billion, up 7.2% year on year. It was a mixed quarter for the company, with revenue guidance for next quarter exceeding analysts’ expectations but a miss of analysts’ constant currency revenue estimates. Is Skechers a buy or sell going into earnings? Read our full analysis here, it’s free.This quarter, analysts are expecting Skechers’s revenue to grow 13.9% year on year to $2.31 billion, improving from the 7.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.16 per share. Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 4 downward revisions over the last 30 days (we track 10 analysts). Skechers has missed Wall Street’s revenue estimates three times over the last two years. Looking at Skechers’s peers in the consumer discretionary segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Nike’s revenues decreased 10.4% year on year, meeting analysts’ expectations, and Scholastic reported revenues up 3.8%, topping estimates by 1.6%. Nike traded down 6.8% following the results while Scholastic was up 6%. Read our full analysis of Nike’s results here and Scholastic’s results here.Investors in the consumer discretionary segment have had fairly steady hands going into earnings, with share prices down 1.1% on average over the last month. Skechers is down 2.8% during the same time and is heading into earnings with an average analyst price target of $80.41 (compared to the current share price of $63.20). Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefitting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
