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Explore Skechers' (SKX) international revenue trends and how these numbers impact Wall Street's forecasts and what's ahead for the stock.
Skechers U.S.A., Inc. posted 16% YoY growth in 3Q24, driven by strong U.S. wholesale performance, and expects a positive holiday season despite challenges in China. The company has built a strong value brand with a wide retail footprint, leveraging licensees for operational flexibility and reduced CAPEX risk. Skechers' valuation appears low at 14x FY24E earnings, but concerns over cyclicality and high margins suggest it is fairly valued, not a screaming buy.
Skechers U.S.A., Inc. reported strong Q3 results with 15.9% revenue growth as the company's brand ambassador marketing has paid off. The footwear industry has been weak due to weak consumer spending, underlining the strength of Skechers' growth. Despite the great performance, SKX stock has remained stagnant, highlighting a remaining undervaluation.
Skechers (SKX) on Friday reported better-than-expected quarterly results and raised its outlook for the year.
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?
While the top- and bottom-line numbers for Skechers (SKX) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Skechers U.S.A., Inc. (NYSE:SKX ) Q3 2024 Earnings Conference Call October 24, 2024 4:30 PM ET Company Participants Melissa Tankersley - Digital Marketing Manager David Weinberg - Chief Operating Officer John Vandemore - Chief Financial Officer Conference Call Participants Jay Sole - UBS Laurent Vasilescu - BNP Paribas Jim Duffy - Stifel Alex Straton - Morgan Stanley Chris Nardone - Bank of America Krisztina Katai - Deutsche Bank Krista Zuber - TD Cowen Paul Kearney - Barclays Jesalyn Wong - Evercore Operator Greetings, and welcome to Skechers Third Quarter 2024 Earnings Conference Call.
Shares of Skechers USA Inc. rallied after hours on Thursday after the sneaker maker boosted its full-year forecast, as enthusiasm for its comfort footwear held up despite a broader backdrop of more tepid demand.
Skechers (SKX) came out with quarterly earnings of $1.26 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $0.93 per share a year ago.
Skechers' focus on product innovation, strategic partnerships and DTC expansion is likely to favorably impact third-quarter results.
Evaluate the expected performance of Skechers (SKX) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.