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
LOS ANGELES, October 22, 2021–Skechers President Michael Greenberg Is Inducted Into Best of Manhattan’s Hall of Fame and Skechers Wins “Pay It Forward” Award
Skechers (SKX) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Kinecta Federal Credit Union, the leading financial partner in the South Bay, is pleased to announce its participation as presenting sponsor for this year’s Skechers Pier to Pier Friendship Walk to be held Sunday, October 24, 2021. Families and friends will gather to walk from Manhattan Beach Pier to Hermosa Beach Pier and back with a record-breaking $2.5 million goal to help children with special needs and students succeed.
LOS ANGELES, October 19, 2021–13TH ANNUAL SKECHERS PIER TO PIER FRIENDSHIP WALK RETURNS TO THE BEACH TO RAISE $2.5 MILLION FOR KIDS
LOS ANGELES, October 14, 2021–SKECHERS USA, Inc. (NYSE: SKX), The Comfort Technology Company™, and a global footwear leader, today announced that it will release its third quarter 2021 financial results after market close on Thursday, October 28, 2021. A conference call will be held the same day at 4:30 p.m. ET / 1:30 p.m. PT. Participating on the call will be David Weinberg, Chief Operating Officer, and John Vandemore, Chief Financial Officer.
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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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