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 USA, Inc. (NYSE: SKX), a global leader in lifestyle and performance footwear, today announced that it will release its first quarter 2021 financial results after market close on Thursday, April 22, 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.
Skechers USA (NYSE:SKX) posted a 40.66% decrease in earnings from Q3. Sales, however, increased by 1.84% over the previous quarter to $1.32 billion. Despite the increase in sales this quarter, the decrease in earnings may suggest Skechers USA is not utilizing their capital as effectively as possible. In Q3, Skechers USA earned $88.91 million and total sales reached $1.30 billion. Why ROCE Is Significant Changes in earnings and sales indicate shifts in Skechers USA’s Return on Capital Employed, a measure of yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests successful growth of a company and is a sign of higher earnings per share in the future. In Q4, Skechers USA posted an ROCE of 0.02%. It is important to keep in mind ROCE evaluates past performance and is not used as a predictive tool. It is a good measure of a company’s recent performance, but several factors could affect earnings and sales in the near future. View more earnings on SKX Return on Capital Employed is an important measurement of efficiency and a useful tool when comparing companies that operate in the same industry. A relatively high ROCE indicates a company may be generating profits that can be reinvested into more capital, leading to higher returns and growing EPS for shareholders. For Skechers USA, the return on capital employed ratio shows the number of assets can actually help the company achieve higher returns, an important note investors will take into account when gauging the payoff from long-term financing strategies. Q4 Earnings Recap Skechers USA reported Q4 earnings per share at $0.24/share, which did not meet analyst predictions of $0.3/share. See more from BenzingaClick here for options trades from BenzingaStocks That Hit 52-Week Highs On Thursday© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Pricey growth stocks have hit some turbulence in recent weeks, with many highflyers suffering dramatic declines. It’s too early to tell whether this marks a shift in sentiment away from growth stocks, but it’s certainly a possibility. Value investing is not just about paying a beaten-down price for any old stock, because a stock’s value is based on the company’s future growth potential.
SKECHERS USA, Inc. (NYSE:SKX), a global footwear leader, today announced that John Vandemore, Chief Financial Officer, will participate in a virtual fireside chat at the UBS Global Consumer & Retail Conference on Wednesday, March 10, 2021 at 11:00 a.m. PT.
SKECHERS WINS NINTH FOOTWEAR PLUS COMPANY OF THE YEAR AWARD
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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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