Skechers (SKX) Rises As Market Takes a Dip: Key Facts

Company Performance - Skechers (SKX) closed at $70.09, reflecting a +1.13% change from the previous day's close, outperforming the S&P 500 which fell by 1.54% [1] - Over the past month, Skechers shares experienced a loss of 1.13%, which is better than the Consumer Discretionary sector's loss of 4.47% and the S&P 500's loss of 2.2% [1] Upcoming Earnings - The earnings report for Skechers is scheduled for February 6, 2025, with an expected EPS of$ 0.73, indicating a 30.36% increase compared to the same quarter last year [2] - The Zacks Consensus Estimate projects net sales of $2.22 billion, representing a 13.04% increase from the previous year [2] Analyst Estimates - Recent changes to analyst estimates for Skechers reflect shifting short-term business dynamics, with positive revisions indicating optimism about the company's profitability [3] - The Zacks Rank system, which incorporates these estimate changes, provides actionable ratings for investors [4] Zacks Rank and Valuation - Skechers currently holds a Zacks Rank of 2 (Buy), with no changes in the Zacks Consensus EPS estimate over the past month [5] - The company has a Forward P/E ratio of 14.36, aligning with its industry's Forward P/E of 14.36, and a PEG ratio of 0.85, compared to the industry average of 1.71 [6] Industry Context - The Shoes and Retail Apparel industry, part of the Consumer Discretionary sector, has a Zacks Industry Rank of 165, placing it in the bottom 35% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]