
Skechers U.S.A. (SKX) Stock Forecast & Price Target
Skechers U.S.A. (SKX) Analyst Ratings
Bulls say
Skechers USA Inc. demonstrated a robust financial performance in its latest quarter, with sales increasing by 12.8% year-over-year to $2,212.4 million, supported by strong wholesale growth of 31%. The company's gross margin also improved, rising by 20 basis points to 53.3%, exceeding analyst estimates and reflecting solid operational efficiency. Moreover, the balance sheet remains strong with net cash per share of $4.35, positioning the company favorably for continued growth amidst increasing in-store shopping and expanding e-commerce across multiple markets.
Bears say
Skechers USA Inc. reported revenues that exceeded guidance by 13%, but earnings per share (EPS) fell below expectations due to an unexpected foreign exchange impact, highlighting vulnerability to FX fluctuations. Revenues in China, a crucial market, experienced a 12% decline for the fourth consecutive quarter, reflecting ongoing challenges in this region, which contribute to the company's broader financial struggles. Additionally, the downward revision of revenue and earnings estimates for the upcoming quarters, coupled with persistent FX headwinds and a lower projected effective tax rate, indicate deteriorating financial conditions that may negatively affect investor confidence.
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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