Skechers Expects Q2 Sales Of $2.175B-$2.225B (Est $2.202B), EPS Of $0.85-$0.90 (Est $1.09)
Portfolio Pulse from Benzinga Newsdesk
Skechers anticipates Q2 sales to be between $2.175B-$2.225B, slightly below the estimated $2.202B, and EPS to range from $0.85-$0.90, under the expected $1.09.
April 25, 2024 | 8:12 pm
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Skechers forecasts Q2 sales and EPS below analyst expectations, indicating potential pressure on its stock price in the short term.
Skechers' projected sales and EPS for Q2 are below analyst estimates, which could lead to negative investor sentiment and a potential decrease in stock price in the short term. The discrepancy between expected and projected EPS is particularly significant, suggesting that profitability may not meet market expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100