PREVIEW: Skechers seen reporting increase in Q3 EPS, revenue

Skechers USA

24/10/2024 16:56

** Shares in footwear co Skechers USA  SKX.N  off 0.5% on
Thursday ahead of Q3 report due out after market close
    ** Wall Street sees SKX reporting adj EPS of $1.15 vs $0.93
in year-ago quarter on rev of $2.3 bln, which would be up 13.9%
y/y, according to the latest data from LSEG
    ** In last 8 quarters, EPS was ahead of Street consensus 6
times while rev beat 5 times
    ** SKX stock last traded at $61.39 compared with median PT
of $81, according to LSEG, which shows 16 analyst ratings: 4
'strong buy,' 10 'buy' and 2 'hold' ratings    
    ** YTD shares of SKX off 1.5% vs 11.5% gain in S&P 1500
consumer discretionary sector index  .SPCOMD 
    ** SKX rival Deckers Brands  DECK.K , up 0.8%, also due to
report results after market close

 (Reporting By Sinéad Carew)
 ((sinead.carew@thomsonreuters.com; +13322191897;))