Skechers(US:SKX) ZACKSยท2024-10-03 22:56Company 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]