Skechers USA Inc expected to post earnings of 94 cents a share - Earnings Preview

Skechers USA

23/07/2024 22:11

* Skechers USA Inc  SKX.N   SKX  is expected to show a rise
in
quarterly revenue when it reports  results on July 25 for the
period ending June 30 2024
    * The Manhattan Beach California-based  company is expected
to
report a 10.8% increase in revenue to $2.231 billion from $2.01
billion a year ago, according to the mean estimate from 11
analysts, based on LSEG data.The company's guidance on April 25
2024, for the period ended June 30, was for revenue between
$2.18 billion and $2.23 billion.
    * ​LSEG's mean analyst estimate for Skechers USA Inc is for
earnings of 94 cents per share. The company's EPS guidance on
April 25 2024, for the period ended June 30, was between $0.85
and $0.90 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 16 "strong buy" or "buy," 1
"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 $65.10. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  1.11        1.10       1.33      Beat    20.7
 Dec. 31 2024  0.56        0.55       0.56      Beat    2.3
 Sep. 30 2023  0.81        0.80       0.93      Beat    16.5​
 Jun. 30 2023  0.55        0.54       0.98      Beat    82.2
 ​​Mar.        0.62        0.61       1.02      Beat    66.9
 31 2023                                                
 Dec. 31 2022  0.37        0.37       0.48      Beat    31.4​
 Sep. 30 2022  0.69        0.70       0.55      Missed  -21.6
 Jun. 30 2022  0.53        0.54       0.58      Beat    8.2
 This summary was machine generated July 23 at 21:11 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)