SKETCHERS (SKX)
EARNINGS RELEASE - JULY 16 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -.50/share REV: 684.9/M
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LAST QTR: EPS: .39/share ACTUAL: .33/share (MISS)
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NEXT QTR: EPS: .46/share REV: 1,270/M
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FULL YR: EPS: .55/Share REV: 4,550/M
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BEAT/MISS RECORD: 58% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 7.76, 17.19, -5.73
EXPECTED JUMP MOVE THIS QUARTER: 12%
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*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
Skechers' international business remains a considerable sales growth driver for the company with Europe and China being the significant markets outside the United States.
Mid-cap stocks — generally defined as a company valued at a market cap of $2 billion to $10 billion — can be found among a diverse field of businesses and industries. Three mid-cap companies that I think are poised to rally in grand fashion are SVB Financial Group (NASDAQ: SIVB), Skechers (NYSE: SKX), and Appian (NASDAQ: APPN). While it has taken its lumps as well, SVB Financial Group — better known as Silicon Valley Bank (SVB) — is down only 10% so far in 2020.
Matt DiLallo (Equity Residential): Shares of leading apartment REIT Equity Residential have lost about a third of their value this year. Two industrywide concerns have weighed on the company’s stock. While these issues have impacted many apartment owners, they haven’t had much effect on Equity Residential.
Skechers (NYSE: SKX) was no exception, and the stock’s more than 20% drop 2020 to date headed into its report was indicative of that. On the contrary, Skechers reported steep declines in sales as virtually all of its global stores and third-party partners were closed at some point during the period from April to June.
Skechers USA shares wavered on Friday, after the footwear company reported a narrower-than-expected net loss.
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| Avg Daily Volume: 1,999,677 Market Cap: 4.38B Sector: Consumer Goods Short Interest: 6.31 |
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