Ticker delayed 20 minutes
Avg Daily Volume: 2,023,785 Market Cap: 5.83B
Sector: Consumer Goods Short Interest: 9.17
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .70/share REV: 1,340/M
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LAST QTR: EPS: .34/share ACTUAL: .49/share (BEAT)
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NEXT QTR: EPS: .39/share REV: 1,220/M
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FULL YR: EPS: 2.27/share REV: 5,100/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: 63% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 16.24, -15.98, 18.95
EXPECTED JUMP MOVE: 10-15%
Links To Latest News and Headlines
Footwear company Skechers (NYSE:SKX) will be announcing earnings results tomorrow after market close. Here’s what to look for.
Chains like Skechers and Lululemon are working to hold shoppers’ attention as the Harris-Trump showdown and fewer shopping days make that harder.
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.
Skechers, for instance, has opened at least two this year in the controversial region’s capital of Urumqi.
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ANALYSIS:
StockJumpers trajectory analysis reveals a positive market reaction after some significant up and down movement while the bulls and bears figure out what direction to take. The release may have mixed news and this is the reason for the whipsaw and it reduces our confidence on any sustained pop post release.
We are biased LONG, but uncertain about the potential for whipsaw and a down move past any stops, as investors digest the release.
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OUR TRADE PLAN:
ENTRY: BUY end of day or at release – if further data supports the trade. We may hold until after the release and jump in after the anticipated down move.
STOP LOSS: NA
INITIAL PROFIT TARGET: 15%
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TRADE ASSIST: YES – we will likely wait till close to enter based on our model of an initial down move.
POST RELEASE ACTION:
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There is a significant amount of data behind the scenes involved in the analysis and trade plan tab above, that does not get put into the report. Too much information for traders often confuses things – so this is striped down to only what it needed to make the best possible decision(s) on trading the trajectory.
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