JUMP REPORT
Avg Daily Volume: 2,475,866 Market Cap: 3.4B
Sector: Consumer Goods Short Interest: 4.27
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .39/share REV: 1,220/M
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LAST QTR: EPS: .39/share ACTUAL: .39/share (MISS)
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NEXT QTR: EPS: -.28/share REV: 936.98/M
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FULL YR: EPS: 1.05/share REV: 4,860/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 59% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 17.19, -5.73, 16.24
EXPECTED JUMP MOVE: 15%
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*** With market volatility at extremes during the coronavirus pandemic there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
A Skechers USA shareholder has sued the footwear maker for more details about its $9.4 billion buyout by private equity firm 3G Capital, saying the decision by Skechers’ founder and controlling shareholder to sell raises “red flags.” According to a complaint filed on Thursday in Los Angeles federal court, founder Robert Greenberg and his family, who hold about 60% of Skechers’ voting power, appear to have “controlled the sales process to a single bidder and deprived the minority stockholders of any legitimate bidding process.”
Skechers U.S.A (SKX) was sued Friday in federal court by the Key West Police Officers & Firefighters
Investing.com — TD Cowen downgraded Skechers to Hold in a note Wednesday, highlighting a closed window for competing acquisition offers following 3G’s announced deal.
Broadcom, Arista Networks initiated: Wall Street’s top analyst calls
Boards and the owners of retailers whose shares have been pummeled by U.S. President Donald Trump’s trade war are increasingly warming to offers to sell – and to escape the market chaos that has caused company valuations to seesaw in recent months. Following sneaker-maker Skechers’ take-private deal earlier this month, dealmakers expect other retailers to clinch their own agreements to go private in the near-term, especially if Trump does not soon settle on a more stable trade policy, according to interviews with 10 investment bankers and M&A lawyers. Retailers in particular have been hard-hit by Trump’s rapidly shifting tariff announcements, and are frustrated with an inability to provide earnings guidance.
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