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
How far off is Skechers U.S.A., Inc. ( NYSE:SKX ) from its intrinsic value? Using the most recent financial data, we’ll…
LOS ANGELES, September 21, 2022–Skechers USA, Inc. (NYSE: SKX), The Comfort Technology Company™ and a global footwear leader, today announced that John Vandemore, Chief Financial Officer, will participate in a virtual fireside chat at the Morgan Stanley Global Sporting Goods Conference on Wednesday, September 28, 2022 at 7:00 a.m. PT.
PARIS, September 21, 2022–Former French international footballer Frank Leboeuf will be bringing his many talents to Skechers when a campaign starring the popular defender launches in France this month. The 1998 World Cup champion, actor, comedian and sports commentator will appear in multi-platform marketing initiatives to support the brand’s performance and lifestyle collections for men.
LOS ANGELES, September 15, 2022–Skechers Senior Vice President of Domestic Sales Rick Graham to Retire; Company Promotes Pete Calichman to SVP of Domestic Sales
Barco® Uniforms, a recognized leader of design innovation in the premium professional apparel industry, today unveiled a Skechers® by Barco limited-edition capsule collection in honor of Breast Cancer Awareness Month, October 2022. In partnership with Skechers®, the two brands have come together with a fashion-forward line designed to inspire hope and support of those affected.
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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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