Skechers USA Inc reports results for the quarter ended in June - Earnings Summary

Skechers USA

25/07/2024 22:23

* Skechers USA Inc  SKX.N  reported quarterly adjusted
earnings of
91 cents​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of 98
cents.  The mean expectation of fourteen analysts for the
quarter was for earnings of 95 cents per share. Wall Street
expected results to range from 89 cents to $1.00 per share.
    * Revenue rose 7.2% to $2.16 billion from a year ago;
analysts
expected $2.23 billion. 
    * Skechers USA Inc's reported EPS for the quarter was 91
cents​.
    * The company reported quarterly net income of $140.3
million.
    * Skechers USA Inc shares had fallen by 7.4% this
quarter and
gained 2.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.2%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the footwear peer
group
is also "buy"

Wall Street's median 12-month price target for Skechers USA Inc
is $81.00 
This summary was machine generated from LSEG data July 25 at
09:22 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.95           0.91           Missed
 Mar. 31 2024      1.10           1.33           Beat
 Dec. 31 2023      0.55           0.56           Beat
 Sep. 30 2023      0.80           0.93           Beat