Skechers (SKX) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Skechers (SKX) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
I estimate Skechers' intrinsic value at $12B or $80 per share, with revenue doubling to $18B by 2035, assuming improved operating margins and significant reinvestment. The footwear industry is mature with low growth, but Skechers gains market share by offering quality footwear at lower prices compared to premium brands. Skechers' 2024 revenue grew 12.1%, driven by EMEA and wholesale growth. DCT is trailing in growth but remains important as it stands out with 66% gross margins.
Examine the evolution of Skechers' (SKX) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.
Shares of shoe company Skechers (SKX -12.68%) dropped like a rock on Friday after the company reported financial results for the fourth quarter of 2024. As of 3:45 p.m.
SKX's record-breaking sales in Q4, driven by a strong holiday season, regional growth, product innovation and global expansion, reinforce its position for sustained success.
Shares of shoe maker Skechers slumped 12% in premarket trading Friday following a disappointing outlook and the CEO's comments on the potential impact of tariffs.
Skechers U.S.A. (NYSE:SKX ) Q4 2024 Earnings Call Transcript February 6, 2025 4:30 PM ET Company Participants Jason D'Eath - Cybersecurity Engineering Team David Weinberg - Executive VP, COO & Director John Vandemore - Chief Financial Officer Conference Call Participants Jay Sole - UBS Laurent Vasilescu - BNP Paribas Exane Alex Straton - Morgan Stanley Adrienne Yih - Barclays John Kernan - TD Cowen Rick Patel - Raymond James Jesalyn Wong - Evercore ISI Krisztina Katai - Deutsche Bank Chris Nardone - Bank of America Tom Nikic - Needham Anna Andreeva - Piper Sandler Sam poser - William Trading Operator Greetings.
Although the revenue and EPS for Skechers (SKX) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Skechers (SKX) came out with quarterly earnings of $0.65 per share, missing the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.56 per share a year ago.