
Skechers U.S.A. (SKX) Stock Forecast & Price Target
Skechers U.S.A. (SKX) Analyst Ratings
Bulls say
Skechers USA Inc. reported a robust 12.8% year-over-year increase in sales for the fourth quarter of 2024, reaching $2,212.4 million, driven by notable growth in both its Wholesale and Direct-to-Consumer segments. The company achieved a gross margin expansion of 20 basis points to 53.3%, demonstrating effective cost management and operational efficiency that slightly exceeded estimated figures. Additionally, a healthy balance sheet with net cash per share of $4.35 reinforces Skechers' financial stability, positioning it well for continued growth amid positive market trends, particularly in global markets including EMEA and Asia.
Bears say
Skechers USA, Inc. reported a revenue increase of 13% for the quarter, which met the high end of guidance; however, earnings per share (EPS) of $0.65 fell short of expectations due to an unexpected foreign exchange (FX) impact. The company continues to face challenges in China, with a 12% revenue decline marking the fourth consecutive quarter of deceleration and the second consecutive negative quarter, contributing to weaker overall performance. Guidance for 1Q25 and FY24A indicates revenues below street estimates, compounded by anticipated FX headwinds, a higher tax rate, and reduced profit flow-through, leading to a decrease in revenue and earnings forecasts.
This aggregate rating is based on analysts' research of Skechers U.S.A. and is not a guaranteed prediction by Public.com or investment advice.
Skechers U.S.A. (SKX) Analyst Forecast & Price Prediction
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