JUMP REPORT
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
Skechers’ (SKX) fourth-quarter 2022 results gains from strength in the comfort technology products and sturdy demand for the innovative product portfolio.
Skechers U.S.A., Inc. (NYSE:SKX) Q4 2022 Earnings Call Transcript February 2, 2023 Operator: Greetings, and welcome to the Skechers Fourth Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. I would […]
Deckers’ (DECK) third-quarter fiscal 2023 performance was driven by the increases in the HOKA ONE ONE and Teva brands.
Skechers sales in China dropped 23% in the fourth quarter, in part due to Covid-19 related restrictions.
Certain statements paint herein, including, without limitation, statements addressing the beliefs, plans, objectives, estimates or expectations of the company or future results or events may constitute forward-looking statements that involve risks and uncertainties. Such forward-looking statements with respect to the COVID-19 pandemic include, without limitation, the company’s plans in response to this pandemic. Additional forward-looking statements involve known and unknown risks, including, but not limited to, global, national, local economic, business and market conditions, including the impact of inflation, Russia’s war with Ukraine and supply chain delays and disruptions in general and specifically as they apply to the retail industry and the company.
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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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