|Bid||31.46 x 1400|
|Ask||31.54 x 1000|
|Day's Range||29.64 - 32.50|
|52 Week Range||21.45 - 35.66|
|Beta (3Y Monthly)||1.29|
|PE Ratio (TTM)||16.86|
|Earnings Date||Jul 17, 2019 - Jul 22, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||35.70|
Lower prices pushed the aluminum products maker to a first quarter loss and the results fell short of forecasts. The equipment rental company's first quarter profit and revenue beat forecasts on gains across geographic regions. The shoe company's first quarter sales fell short of forecasts and it issued a weak revenue outlook for the year.
Skechers Stocks Plummets as Q1 Results Don't Meet Expectations(Continued from Prior Part)Margins in the first quarterSkechers (SKX) sales grew 2.1% to $1.28 billion in the first quarter of 2019 while adjusted EPS declined 5.3% to $0.71, owing to
Skechers Stocks Plummets as Q1 Results Don't Meet ExpectationsSkechers’s Q1 results disappoint Skechers stock was down 10.5% as of 1:32 pm ET today as the company missed analysts’ sales and earnings estimates for the first quarter of 2019.
Skechers earnings for the first quarter of 2019 have SKX stock falling hard on Thursday.Source: Shutterstock Skechers (NYSE:SKX) reported earnings per share of 71 cents for the first quarter of the year. This is a drop when compared to the company's earnings per share of 75 cents from the same time last year. It was also a blow to SKX stock by missing Wall Street's earnings per share estimate of 72 cents for the quarter.Net income reported in the Skechers earnings release for the first quarter of 2019 comes in at $108.80 million. That's down from the company's net income of $117.70 million reported in the first quarter of 2018.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOperating income from the Skechers earnings report for the first quarter of the year was $169.50 million. The U.S. maker of shoes reported operating income of $148.80 million in the same period of the year prior.The Skechers earnings report for the first quarter of 2019 also includes revenue of $1.28 billion. This is better than the company's revenue of $1.25 billion reported in the first quarter of the previous year. However, it was bad news for SKX stock by coming in below analysts' revenue estimate of $1.30 billion for the period. * 5 Dividend Stocks Perfect for Retirees The most recent Skechers earnings report also includes its outlook for the second quarter of 2019. It is expecting earnings per share between 30 cents and 35 cents on revenue ranging from $1.200 billion to $1.225 billion. Wall Street is looking for earnings per share and revenue of 38 cents and $1.23 billion for the quarter.SKX stock was down 10% as of Thursday afternoon. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Skechers Earnings: SKX Stock Slides on Disappointing Q1 Revenue appeared first on InvestorPlace.
Skechers' (SKX) shares are down following first-quarter 2019 results, possibly due to the third successive quarter of sales miss and soft second-quarter earnings view.
Earnings per share were 71 cents in the first quarter, missing Wall Street estimates of an adjusted 73 cents. "The momentum we experienced in 2018 is continuing as we again achieved a new quarterly sales record in the first quarter of 2019," said Robert Greenberg, CEO.
Skechers USA Inc. shares sank 12.1% after the shoes and accessories brand reported a first-quarter earnings and sales miss and weak guidance. Net income totaled $108.8 million, or 71 cents per share, down from $117.7 million, or 75 cents per share, last year. Revenue totaled $1.28 billion, a record, according to the company, up from $1.25 billion last year. The FactSet consensus was for EPS of 73 cents and revenue of $1.30 billion. For the second quarter, the company expects sales in the range of $1.200 billion to $1.225 billion, and EPS of 30 cents to 35 cents. The FactSet expectation is for sales of $1.23 billion and EPS of 39 cents. Skechers shares have rallied more than 54% for the year to date, outpacing the S&P 500 index , which is up 15.7%.
The Manhattan Beach, California-based company said it had net income of 71 cents per share. Earnings, adjusted for non-recurring costs, came to 73 cents per share. The results beat Wall Street expectations. ...
The short float has dramatically decreased over the years which may be the cause for the lower than expected volatility priced into this week's earnings report, but with the tight weekly technical setup I still believe we see a big move. While it would be covered with the May position, it does require more care.
Deckers (DECK) is likely to sustain its momentum on the back of strategic endeavors and robust performance in all its brands, except Sanuk.
Will Skechers's Q1 Results Help the Stock Keep Up Its Strong Run?(Continued from Prior Part)Valuation compared to peers As of April 15, Skechers (SKX) was trading at a 12-month forward PE ratio of 16.2x. Skechers is currently trading at a lower
Will Skechers's Q1 Results Help the Stock Keep Up Its Strong Run?(Continued from Prior Part)Earnings versus expectations Skechers (SKX) has beaten analysts’ expectations in six of the past eight quarters. The company’s EPS, excluding one-time
Will Skechers's Q1 Results Help the Stock Keep Up Its Strong Run?(Continued from Prior Part)Will the strong growth rate continue? Skechers’ (SKX) sales grew by double digits in three of the four quarters of 2018. The company’s sales grew 11.4%
Will Skechers's Q1 Results Help the Stock Keep Up Its Strong Run?Strong year-to-date movement Skechers (SKX) stock was up 52.2% on a year-to-date basis as of April 15. The footwear company is scheduled to report its first-quarter results on April