Skechers USA Raises FY2024 GAAP EPS Guidance from $4.08-4.18 to $4.20-4.25 vs $4.17 Est; Raises FY2024 Sales Guidance from $8.88B-8.97B to $8.93B-8.97B vs $8.93B Est
Portfolio Pulse from Benzinga Newsdesk
Skechers USA has raised its FY2024 GAAP EPS guidance to $4.20-4.25, surpassing the analyst estimate of $4.17. The company also increased its FY2024 sales outlook to $8.93B-8.97B, aligning with the $8.93B estimate.
October 24, 2024 | 8:23 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Skechers USA has increased its FY2024 GAAP EPS guidance to $4.20-4.25, exceeding the analyst estimate of $4.17. The sales outlook has also been raised to $8.93B-8.97B, matching the $8.93B estimate.
The upward revision in both EPS and sales guidance indicates stronger than expected financial performance, which is likely to positively influence investor sentiment and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100