Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Review Skechers' (SKX) international revenue performance and how it affects the predictions of financial analysts on Wall Street and the future prospects for the stock.
Skechers (SKX) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.91 per share a year ago.
Evaluate Skechers' (SKX) reliance on international revenue to better understand the company's financial stability, growth prospects and potential stock price performance.
Private equity firm 3G Capital reached a deal to buy Skechers and take the footwear company private. The deal is set to close in the third quarter.
Investment firm 3G Capital, controlled by Brazilian billionaire financier Jorge Paulo Lemann, agreed to buy the company.
Skechers agreed to be acquired by the private equity firm 3G Capital in a deal valued at $9.4 billion, the companies announced Monday, amid tumult in the industry—Skechers signed a letter last week by Nike and Adidas, among others, warning President Donald Trump his tariffs posed an “existential threat” to the U.S. footwear industry.
Skechers USA (NYSE:SKX)' shares jumped 25% at the opening bell Monday, following news that the company is being acquired by investment firm 3G Capital for $9 billion. The acquisition offer of $63 per share represents a 30% premium over Skechers' recent stock price.
Last week, the company reported results that missed expectations and withdrew its full-year outlook.
Skechers to be acquired by 3G Capital in take-private deal, shares soar 25%
Skechers agreed to become a privately held company through a merger with 3G Capital.
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?