uploads///

3Q17 Earnings Preview: What’s in Store for Skechers?

By

Dec. 4 2020, Updated 10:53 a.m. ET

Skechers’ 3Q17 earnings

The California-based Skechers (SKX) is slated to release its third-quarter 2017 results on Thursday, October 19.

Wall Street has predicted a 31% YoY (year-over-year) rise in Skechers’ earnings to 55 cents per share. Total sales are projected to rise 12.5% YoY to $1,060 million. The company beat revenue during the first two quarters but missed earnings expectations in the second quarter.

In this five-part series, we’ll look at the company’s recent financial performance and expectations for the coming quarter. Also, we’ll look at the company’s valuations and Wall Street recommendations on the stock.

Article continues below advertisement

 

The company recorded total sales of $3.8 billion over the last 12 months. It has a market capitalization of $3.9 billion as of October 13. In comparison, industry leader Nike (NKE) recorded trailing-12-month sale of $34.3 billion and a market capitalization of $83 billion on October 13.

ETF investors seeking to add exposure to SKX can consider the First Trust Consumer Discretionary AlphaDEX Fund (FXD), which invests ~0.7% of its portfolio in the company.

Advertisement

More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.