As Skechers U.S.A., Inc. (SKX) gears up to unveil its third-quarter 2024 earnings results on Oct. 24 after market close, investors are eager to gauge the company's performance. Known for its innovative footwear and strong brand presence, Skechers has been navigating through changing market dynamics and evolving consumer preferences. The company is expected to register an increase in the top line, with the Zacks Consensus Estimate for revenues standing at $2.32 billion, which indicates a notable 14.8% improv ...

Wall Street analysts expect Skechers (SKX) to post quarterly earnings of $1.15 per share in its upcoming report, which indicates a year-over-year increase of 23.7%. Revenues are expected to be $2.32 billion, up 14.8% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company announces its earnings, it is essenti ...

Skechers (SKX) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on October 24, 2024, might help the stock move higher if these key numbers are better than e ...

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 ...

In the latest trading session, Skechers (SKX) closed at $65.13, marking a -1.79% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.17% for the day. Elsewhere, the Dow saw a downswing of 0.44%, while the tech-heavy Nasdaq depreciated by 0.04%.The shoe company's shares have seen a decrease of 1.59% over the last month, not keeping up with the Consumer Discretionary sector's gain of 3.63% and the S&P 500's gain of 1.25%.The investment community will be closely monito ...

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 ...

Skechers (NYSE: SKX ) shouldn't need any introduction. Founded in 1992, the company is a world-famous footwear and apparel company based out of California. Skechers went public in 1999 and currently has a market cap of ~$10 billion. The company'sI recently graduated from The University of Tampa with a degree in finance. My investment style is mainly fundamental, hoping to find companies with good growth prospects trading at low multiples. Additionally, my goal is to look for hidden gem companies that have s ...

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 ...