SKECHERS (SKX)

EARNINGS RELEASE TUESDAY - OCTOBER 22 (AMC)

Trade Assist May Not Be Available For All Jump Trades (See Trade Plan

Ticker delayed 20 minutes

JUMP BACK

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
___________________________________________________________
     LAST QTR:  EPS:       .34/share     ACTUAL:   .49/share  (BEAT)
____________________________________________________________
     NEXT QTR:  EPS:     .39/share     REV: 1,220/M
______________________________________________________
     FULL YR:     EPS:      2.27/share    REV: 5,100/M
______________________________________________________
*These are the base metrics we will be watching against the actual release numbers
______________________________________________________

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

01 Jan, 2021 @ 01:06 by Yahoo! Finance

Investing in a long-term story before the rest of the crowd sees the narrative can be highly rewarding — if you have the patience for it.

Skechers’ (SKX) investments to boost website capabilities and delivery services are likely to keep yielding. Moreover, the company is undertaking prudent measures to enhance assortments.

5 Top Shoes & Retail Apparel Industry Stocks to Tap Rising Fitness Trend

Sportswear companies such as NKE, UAA and SKX are likely to gain from wider audience exposure and promotional opportunities associated with the return of live sports events.

11 Dec, 2020 @ 14:27 by Yahoo! Finance

Let’s see why the German footwear giant outperformed its smaller American peer, and why Adidas should remain a better overall investment than Skechers in 2021. How did Adidas and Skechers fare during the crisis? Adidas’s revenue rose 8% (6% in constant currency) in 2019, led by its double-digit sales growth in its Asia-Pacific and emerging markets regions.

StockJumpers analysis and trade plans are uploaded generally 1 HOUR (3PM EST) for most events.

“I’m sorry, this content is for members only. To access this content, you must log in with your membership credentials – OR if you are not a member yet, visit our registration page here and get signed up  Looking forward to having you on-board ASAP”

 

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. 

___________________

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%
_
__________________

TRADE ASSIST:  YES – we will likely wait till close to enter based on our model of an initial down move.

POST RELEASE ACTION: 

[/mepr-show

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. 

NOTICE: All data on this site has been published for informational and educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced here or in our websites. StockJumpers is not an Investment Adviser and relies on the publisher’s exemption as defined in Section 401(f) of the Uniform Securities Act, and provides no personal advice or recommendations. The services and published information contained herein is for non-commercial, educational use and display. StockJumpers and any of its affiliates does not represent that the securities or services discussed are suitable for any investor. You should assume that StockJumpers and or its management has or will take a position in the stock, whether it is stated or not. You are further advised not to rely on any information contained in this report and associated websites in the process of making a fully informed investment decision. Trading is risky and you can lose your investment. For the complete risk disclosure and other legal information please review the full Terms of Use Agreement.