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


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.

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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.


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