Ticker delayed 20 minutes
Avg Daily Volume: 2,475,866 Market Cap: 3.4B
Sector: Consumer Goods Short Interest: 4.27
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
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%.
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
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