Skechers USA Inc expected to post earnings of $1.15 a share - Earnings Preview

Skechers USA

23/10/2024 05:03

* Skechers USA Inc  SKX.N   SKX  is expected to show a rise
in
quarterly revenue when it reports  results on October 24 for the
period ending September 30 2024
    * The Manhattan Beach California-based  company is expected
to
report a 13.9% increase in revenue to $2.306 billion from $2.02
billion a year ago, according to the mean estimate from 10
analysts, based on LSEG data.The company's guidance on July 25
2024, for the period ended September 30, was for revenue between
$2.30 billion and $2.35 billion.
    * ​LSEG's mean analyst estimate for Skechers USA Inc is for
earnings of $1.15 per share. The company's EPS guidance on July
25 2024, for the period ended September 30, was between $1.10
and $1.15 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Skechers
USA Inc
is $81.00​, above​ its last closing price of $62.54. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.95        0.95       0.91      Missed  -4.2
 Jan. 1 2024   1.11        1.10       1.33      Beat    20.7
 Dec. 31 2023  0.56        0.55       0.56      Beat    2.3​
 Sep. 30 2023  0.81        0.80       0.93      Beat    16.5
 ​​Jan.        0.55        0.54       0.98      Beat    82.2
 1 0001                                                 
 Mar. 31 2023  0.62        0.61       1.02      Beat    66.9​
 Dec. 31 2022  0.37        0.70       0.48      Missed  31.4
 Sep. 30 2022  0.69        0.70       0.55      Missed  -21.6
 This summary was machine generated October 23 at 04:02 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)