We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Skechers (SKX) Stock Moves -0.07%: What You Should Know
Read MoreHide Full Article
Skechers (SKX - Free Report) closed at $76.73 in the latest trading session, marking a -0.07% move from the prior day. The stock's change was more than the S&P 500's daily loss of 0.47%. At the same time, the Dow lost 0.31%, and the tech-heavy Nasdaq lost 0.51%.
Shares of the shoe company witnessed a gain of 14.19% over the previous month, beating the performance of the Consumer Discretionary sector with its gain of 2.51% and the S&P 500's gain of 1.67%.
Market participants will be closely following the financial results of Skechers in its upcoming release. The company plans to announce its earnings on February 6, 2025. In that report, analysts expect Skechers to post earnings of $0.73 per share. This would mark year-over-year growth of 30.36%. Our most recent consensus estimate is calling for quarterly revenue of $2.21 billion, up 12.73% from the year-ago period.
It's also important for investors to be aware of any recent modifications to analyst estimates for Skechers. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.23% downward. Right now, Skechers possesses a Zacks Rank of #3 (Hold).
In the context of valuation, Skechers is at present trading with a Forward P/E ratio of 15.94. This signifies a premium in comparison to the average Forward P/E of 15.12 for its industry.
One should further note that SKX currently holds a PEG ratio of 0.94. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Shoes and Retail Apparel industry currently had an average PEG ratio of 1.79 as of yesterday's close.
The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 143, which puts it in the bottom 44% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Skechers (SKX) Stock Moves -0.07%: What You Should Know
Skechers (SKX - Free Report) closed at $76.73 in the latest trading session, marking a -0.07% move from the prior day. The stock's change was more than the S&P 500's daily loss of 0.47%. At the same time, the Dow lost 0.31%, and the tech-heavy Nasdaq lost 0.51%.
Shares of the shoe company witnessed a gain of 14.19% over the previous month, beating the performance of the Consumer Discretionary sector with its gain of 2.51% and the S&P 500's gain of 1.67%.
Market participants will be closely following the financial results of Skechers in its upcoming release. The company plans to announce its earnings on February 6, 2025. In that report, analysts expect Skechers to post earnings of $0.73 per share. This would mark year-over-year growth of 30.36%. Our most recent consensus estimate is calling for quarterly revenue of $2.21 billion, up 12.73% from the year-ago period.
It's also important for investors to be aware of any recent modifications to analyst estimates for Skechers. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.23% downward. Right now, Skechers possesses a Zacks Rank of #3 (Hold).
In the context of valuation, Skechers is at present trading with a Forward P/E ratio of 15.94. This signifies a premium in comparison to the average Forward P/E of 15.12 for its industry.
One should further note that SKX currently holds a PEG ratio of 0.94. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Shoes and Retail Apparel industry currently had an average PEG ratio of 1.79 as of yesterday's close.
The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 143, which puts it in the bottom 44% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.