Earnings Outlook For Skechers USA
Portfolio Pulse from Benzinga Insights
Skechers USA (NYSE:SKX) is expected to release its quarterly earnings report on February 1, 2024, with an estimated EPS of $0.54. Investors are looking for an earnings beat and positive guidance for future growth. Skechers' past earnings performance shows mixed results with both beats and misses affecting stock prices variably. Shares are currently trading at $63.84, up 29.31% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
January 31, 2024 | 8:01 pm
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NEUTRAL IMPACT
Skechers USA is anticipated to report quarterly earnings with an EPS estimate of $0.54. Historical data shows stock price reactions to earnings beats/misses and guidance. Shares are up 29.31% over the past year, reflecting a positive sentiment.
The short-term impact on SKX stock will depend on whether the company beats the EPS estimate and provides favorable guidance. Historical performance shows that the stock can react negatively even after an earnings beat if the guidance is not strong. However, the current positive trend in the stock price suggests a bullish sentiment that may mitigate negative reactions unless the earnings report significantly deviates from expectations.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100