Here Are Factors Influencing Skechers' (SKX) Q1 Earnings
Zacks Investment Research | Apr 16, 2018 10:42PM ET
Skechers U.S.A., Inc. (NYSE:SKX) is slated to release first-quarter 2018 results on Apr 19 after the market closes. In the trailing four quarters, it had outperformed the Zacks Consensus Estimate by an average of 23.6%. In the preceding two quarters, it surpassed the consensus mark by 61.5% and 37.2%, respectively.
The question lingering in investors’ minds now is whether Skechers will be able to post positive earnings surprise in the first quarter or not. Let’s see how things are shaping up prior to this announcement.
What to Expect?
The company is likely to report bottom-line growth for the third straight quarter. The Zacks Consensus Estimate for the quarter under review is pegged at 75 cents compared with 60 cents in the prior-year period. Meanwhile, analysts polled by Zacks expect revenues of $1.20 billion, reflecting more than 11.7% growth on a year-over-year basis.
Skechers U.S.A., Inc. Price, Consensus and EPS Surprise
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