JUMP REPORT
Avg Daily Volume: 1,938,292 Market Cap: 4.83B
Sector: Consumer Goods Short Interest: 9.17
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .34/share REV: 1,220/M
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LAST QTR: EPS: .72/share ACTUAL: .71/share (MISS)
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NEXT QTR: EPS: .65/share REV: 1,310/M
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FULL YR: EPS: 2.05/share REV: 5,000/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: 62% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -15.98, 18.95, 22.39
POTENTIAL JUMP MOVE: 18-25%
Links To Latest News and Headlines
LL Bean, the clothing and outdoor gear company, agreed to stop selling a line of casual shoes to settle a lawsuit in which Skechers USA accused it of copying a design for its own shoes, which have sold in the millions. U.S. District Judge Margaret Garnett in Manhattan approved an injunction on Thursday that bars privately-held LL Bean from making, importing or selling shoes that infringe two Skechers design patents until the last of the patents expires. In a complaint filed in July, Skechers claimed that LL Bean’s Freeport shoes, named for that company’s Maine hometown and which retailed for $99, infringed two patented designs for “heel cups” that surround the back of the foot.
Skechers showcases strong growth prospects, driven by its multi-brand expansion, DTC success and international reach.
Skechers (SKX) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company’s earnings prospects. This might drive the stock higher in the near term.
SKX vs. BIRK: Which Stock Is the Better Value Option?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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