Skechers (SKX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

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]