Core Viewpoint - Skechers (SKX) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the earnings report set for October 24, 2024, being a significant factor for stock price movement [1] Group 1: Earnings Expectations - The consensus estimate for Skechers' quarterly earnings is $1.15 per share, reflecting a year-over-year increase of 23.7% [2] - Expected revenues for the quarter are $2.32 billion, which represents a 14.8% increase from the same quarter last year [2] Group 2: Estimate Revisions - The consensus EPS estimate has been revised 0.03% higher in the last 30 days, indicating a slight bullish sentiment among analysts [3] - The Most Accurate Estimate for Skechers is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +0.65% [6][7] Group 3: Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [5] - Skechers currently holds a Zacks Rank of 4, which complicates the prediction of an earnings beat despite the positive Earnings ESP [7] Group 4: Historical Performance - In the last reported quarter, Skechers was expected to post earnings of $0.94 per share but delivered $0.91, resulting in a surprise of -3.19% [8] - Over the past four quarters, Skechers has beaten consensus EPS estimates three times [8] Group 5: Market Reaction Considerations - An earnings beat or miss may not solely dictate stock price movement, as other factors can influence investor sentiment [9] - While Skechers does not appear to be a compelling earnings-beat candidate, monitoring additional factors is essential for investment decisions [9]

The most recent trading session ended with Skechers (SKX) standing at $62.71, reflecting a -0.73% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 0.47%. At the same time, the Dow added 0.79%, and the tech-heavy Nasdaq gained 0.28%.The shoe company's stock has dropped by 7.02% in the past month, falling short of the Consumer Discretionary sector's gain of 7.13% and the S&P 500's gain of 3.48%.The investment community will be closely monitoring t ...

In the latest trading session, Skechers (SKX) closed at $65.94, marking a -0.09% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.71%. At the same time, the Dow added 1.03%, and the tech-heavy Nasdaq gained 0.6%.Prior to today's trading, shares of the shoe company had gained 1.76% over the past month. This has lagged the Consumer Discretionary sector's gain of 6.39% and the S&P 500's gain of 6.41% in that time.The investment community will be paying close attenti ...

Company Performance - Skechers (SKX) closed at $65.13, reflecting a -1.79% change from the previous day, underperforming the S&P 500 which lost 0.17% [1] - Over the last month, Skechers shares decreased by 1.59%, while the Consumer Discretionary sector gained 3.63% and the S&P 500 gained 1.25% [1] - The upcoming earnings report on October 24, 2024, is expected to show earnings of $1.15 per share, representing a year-over-year growth of 23.66% [1] - The Zacks Consensus Estimate for revenue is projected at $2.32 billion, an increase of 14.73% from the previous year [1][2] Analyst Estimates - For the full year, earnings are projected at $4.15 per share and revenue at $8.94 billion, indicating changes of +18.91% and +11.79% respectively from the prior year [2] - Recent changes to analyst estimates reflect shifting business dynamics, with positive revisions indicating confidence in the company's performance [2] - The Zacks Rank system, which assesses estimated changes, currently ranks Skechers at 4 (Sell) [3] Valuation Metrics - Skechers has a Forward P/E ratio of 15.99, aligning with the industry average [3] - The company has a PEG ratio of 0.94, compared to the industry average PEG ratio of 1.62 [3] Industry Overview - The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector and holds a Zacks Industry Rank of 43, placing it in the top 18% of over 250 industries [4] - The Zacks Industry Rank measures the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [4]

Skechers (SKX) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this shoe company have returned -1.6%, compared to the Zacks S&P 500 composite's +1.3% change. During this period, the Zacks Shoes and Retail Apparel industry, which Skechers falls in, has lost 0.6%. The key question now is: What could be the stock's future direction?While ...

Company Overview - Skechers is a well-known footwear and apparel company founded in 1992 and based in California [1] - The company went public in 1999 and currently has a market capitalization of approximately $10 billion [1] Investment Perspective - The investment style focuses on fundamental analysis, seeking companies with strong growth prospects that are trading at low multiples [1] - There is an emphasis on identifying hidden gem companies with solid balance sheets and effective management [1]

In the latest market close, Skechers (SKX) reached $68.48, with a -1.08% movement compared to the previous day. This change lagged the S&P 500's daily loss of 0.13%. Meanwhile, the Dow experienced a rise of 0.33%, and the technology-dominated Nasdaq saw a decrease of 0.39%.Shares of the shoe company witnessed a gain of 1.08% over the previous month, trailing the performance of the Consumer Discretionary sector with its gain of 4.45% and the S&P 500's gain of 2.43%.Market participants will be closely followi ...

A weak update on China sank the stock.While the broad stock market was soaring on interest rate cuts today, Skechers (SKX -9.62%), the casual footwear specialist, was moving in the opposite direction, tumbling after it told investors that China sales were weaker than expected at an industry conference.As a result, the stock finished down 9.6% on the news. China struggles continueSkechers is far from the only U.S. consumer-discretionary company that's struggling in China as Nike, Apple, and Starbucks have al ...

Skechers U.S.A., Inc. (SKX) has demonstrated strong upward momentum, consistently trading above both its 200-day and 50-day simple moving averages (SMA), which are important indicators of price stability and long-term bullish trends. As of Sept. 13, SKX was trading at $67.30, which surpassed both its 200-day SMA of $63.87 and its 50-day SMA of $65.44, highlighting a continued uptrend.SMA is a key tool in technical analysis used to assess price trends by smoothing out short-term fluctuations, offering a clea ...

Core Viewpoint - Skechers U.S.A., Inc. has experienced a significant stock price increase of 45.3% over the past year, outperforming the Zacks Shoes and Retail Apparel industry's decline of 12.4%, driven by investments in omnichannel capabilities, infrastructure, and global market expansion [1] Group 1: Financial Performance - Skechers reported a 5.5% year-over-year increase in wholesale sales, reaching $1.13 billion in the second quarter, with domestic wholesale sales rising by 14% [4] - The direct-to-consumer (DTC) segment saw a 9.2% year-over-year sales increase to $1.03 billion in the second quarter, with international DTC sales surging 15.2% [4] - For fiscal 2024, Skechers raised its sales forecast to $8.88 - $8.98 billion from a previous range of $8.73 - $8.88 billion, reflecting growth from $8 billion reported in fiscal 2023 [6] Group 2: Market Strategy - Skechers is enhancing its market position through a diverse brand portfolio that includes fashion, athletic, non-athletic, and work footwear, allowing for new product introductions without cannibalizing existing lines [3] - The company is investing in global infrastructure to bolster its omnichannel capabilities, including retail stores, e-commerce platforms, and distribution centers [3] - International sales grew by 6.9% year-over-year, accounting for 60% of total revenues, with the EMEA region experiencing a 13.7% increase [5] Group 3: Valuation and Technical Indicators - Skechers' shares are trading at a forward 12-month price-to-earnings ratio of 15.26, below the five-year median of 15.41 and the industry's average of 23.15, indicating an attractive investment opportunity [2] - The stock is trading above its 50-day and 200-day moving averages, reflecting strong upward momentum and price stability [2] Group 4: Analyst Sentiment - Analysts have positively revised the Zacks Consensus Estimate for EPS, with the current year estimate increased by 5 cents to $4.16 per share [7]