SKETCHERS (SKX)

EARNINGS RELEASE THURSDAY- APRIL 16 (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: 2,475,866    Market Cap: 3.4B
Sector: Consumer Goods    Short Interest: 4.27

EARNINGS EXPECTATIONS:  

     THIS QTR:   EPS:    .39/share     REV:  1,220/M
___________________________________________________________
     LAST QTR:  EPS:    .39/share     ACTUAL:  .39/share  (MISS)
____________________________________________________________
     NEXT QTR:  EPS:     -.28/share      REV:  936.98/M
______________________________________________________
     FULL YR:     EPS:     1.05/share    REV: 4,860/M
______________________________________________________

*These are the base metrics we will be watching against the actual release numbers
__________________________________________________________________

BEAT/MISS RECORD:  59% OF THE TIME THEY BEAT ESTIMATES

PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 17.19, -5.73, 16.24

EXPECTED JUMP MOVE:  15%

——–

*** With market volatility at extremes during the coronavirus pandemic 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

29 Oct, 2020 @ 23:15 by Yahoo! Finance

Skechers (SKX) delivered earnings and revenue surprises of 51.43% and 7.82%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

“Our third-quarter sales were a significant accomplishment during a challenging period,” COO David Weinberg said.

Shares of Skechers USA Inc. dropped 5.5% in after-hours trading Thursday, even as the shoe seller reported a third-quarter profit and revenue that fell less than expected, as direct-to-consumer same-stores sales dropped 22%. Net income fell to $64.3 million, or 41 cents a share, from $103.1 million, or 67 cents a share, in the year-ago period, as the COVID-19 pandemic continued to impact results worldwide. Excluding non-recurring items, adjusted earnings per share declined to 53 cents from 67 cents, but topped the FactSet consensus of 36 cents. Sales slipped 3.9% to $1.30 billion, above the FactSet consensus of $1.20 billion, as domestic wholesale sales rose 6.3%, while international wholesale sales eased 0.5% and direct-to-consumer sales dropped 16.9%. The company did not provide financial guidance given the ongoing uncertainties resulting from the COVID-19 pandemic. The stock, which closed Thursday’s regular session up 4.4%, has lost 19.2% year to date, while the S&P 500 has gained 2.5%.

29 Oct, 2020 @ 20:05 by Yahoo! Finance

SKECHERS USA, Inc. (NYSE:SKX), a global footwear leader, today announced financial results for the third quarter ended September 30, 2020.

Skechers Pier to Pier Friendship Walk Raises Over $1.8 Million for Kids in Its First-ever Virtual Event

StockJumpers analysis and trade plans are uploaded generally 1 HOUR BEFORE MARKETS CLOSE (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”

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 stripped down to only what is 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.