Skechers USA Inc reports results for the quarter ended in September 30 - Earnings Summary

Skechers USA

27/10/2024 15:42

* Skechers USA Inc  SKX.N  reported quarterly adjusted
earnings of
$1.26​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 93 cents.  The mean expectation of thirteen analysts for the
quarter was for earnings of $1.15 per share. Wall Street
expected results to range from $1.12  to $1.21 per share.
    * Revenue rose 15.9% to $2.35 billion from a year ago;
analysts
expected $2.31 billion. 
    * Skechers USA Inc's reported EPS for the quarter was
$1.26​.
    * The company reported quarterly net income of $193.22
million.
    * Skechers USA Inc shares had fallen by 7.9% this
quarter and
lost 1.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.7%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

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

Wall Street's median 12-month price target for Skechers USA Inc
is $82.50 
This summary was machine generated from LSEG data October 27 at
03:42 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
 Sep. 30 2024      1.15           1.26           Beat
 Jun. 30 2024      0.95           0.91           Missed
 Mar. 31 2024      1.10           1.33           Beat
 Dec. 31 2023      0.55           0.56           Beat