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.
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.