|Bid||29.80 x 1300|
|Ask||29.82 x 800|
|Day's Range||29.28 - 30.15|
|52 Week Range||21.45 - 35.66|
|Beta (3Y Monthly)||1.29|
|PE Ratio (TTM)||15.91|
|Earnings Date||Jul 17, 2019 - Jul 22, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||35.70|
Skechers elite golfer Brooke Henderson swung her way to victory at the Lotte Championship on Saturday, winning for the second straight year at the Ko Olina Golf Club in Kapolei, Hawaii. Competing in Skechers GO GOLF, Henderson won by four shots, finishing sixteen under par to achieve her eighth LPGA title, tying for the most wins by a Canadian in the LPGA or PGA Tours.
On Thursday before the long weekend, Skechers (NYSE:SKX) reported earnings and Wall Street hated what it saw. The stock tumbled as much 16% on the headline in the after-hours session. Luckily, Sketchers stock came into the earnings up 38% for the year, so this is merely a setback for those who are already long SKX. But today, we consider if this is a good time to catch the falling knife.Source: McArthurGlen Designer Outlet via FlickrSkechers' earnings report was not a disaster but definitely lacked any good news to buy on. SKX missed on sales, but it managed its expenses to meet the bottom line.The company CFO John Vandemore blamed challenging global conditions for the miss, but in retail it's easy to find excuses, so Skechers should just own up to its failings. However, it is not clear if those conditions are temporary or ongoing, and that is worrisome.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSKX is a momentum stock and those are tough to trade. Thursday's red candle was too big and deserves respect. Usually, these are not one-day events, meaning the selling could persist for another few days … this is compounded by a prior open gap down to $28 per share. * 7 Companies That Are Closing the CEO-Worker Wage Gap While not every gap fills, most do. If that happens here, SKX stock would have completely erased all good news from its last earnings report. In theory, this is a natural place to start buying … but this trade isn't without a ton of risk. Trading Skechers StockSKX stock has been stuck in a horizontal channel since 2015. And as SKX falls into this potential support zone, it also falls back into the clutch of a swamp zone. Sure, it has had its shining moments, but it always comes crashing back to its range of $26 per share.Holding Sketchers stock for the long-term requires too much patience for most investors. Luckily, management has been fiscally responsible, which places a decent bottom below.Fundamentally, SKX stock is not bloated. It sells at a 16 price-earnings (P/E) ratio, on par with sales and 2.4 times its book value. But while this is comforting, it alone is not a reason to buy Skechers stock for upside appreciation. To initiate a new position here, it would need to be tactical and for a specific reason.Technically, there are short-term levels to trade, as SKX stock has support brewing around $26.70 per share. This is a level where bulls and bears have recently agreed on value. So they are likely to fight it out and that creates price congestion. This will be support on the way down.So if I own SKX shares already, I would not exit now until the zone fails.Even if the initial support fails, there will be more below it to $24 per share. Conversely, don't start to chase it upward until it breaches $29 per share first, then $32. Some like to catch the dead cat bounces, but that is not reason enough. Bottom Line on SKXTo summarize, the current earnings debacle in SKX stock is not a disaster going forward. But this brings Skechers stock back into the clutches of a trap zone that is four years old. I expect SKX to find footing soon, so there is no reason to panic out of it, especially since retail spending is so hot. What's more, Wall Street experts agree as SKX trades well below their average price targets.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Stocks With Too Much Risk, Not Enough Upside * 7 Companies That Are Closing the CEO-Worker Wage Gap * 7 Video Game ETFs That Will Make You a Winner Compare Brokers The post Skechers Stock Will Find Footing Soon, But Is It a Trap? appeared first on InvestorPlace.
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