Skechers USA Sees Q4 GAAP EPS $0.70-0.75 vs $0.75 Est; Sees Sales $2.165B-2.215B vs $2.21B Est
Portfolio Pulse from Benzinga Newsdesk
Skechers USA has provided guidance for Q4 with expected GAAP EPS between $0.70 and $0.75, slightly below the analyst estimate of $0.75. The company also anticipates sales between $2.165 billion and $2.215 billion, which is slightly below the $2.21 billion estimate.
October 24, 2024 | 8:24 pm
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Skechers USA's Q4 guidance indicates slightly lower than expected GAAP EPS and sales, which may lead to a short-term negative impact on the stock price.
The guidance provided by Skechers for Q4 shows both EPS and sales slightly below analyst estimates. This could lead to a negative sentiment among investors, potentially causing a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100