Skechers USA Beats Up on Analysts Yet Again
Skechers USA (NYS: SKX) reported earnings on July 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Skechers USA met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share increased.
Margins increased across the board.
Skechers USA recorded revenue of $428.2 million. The five analysts polled by S&P Capital IQ expected revenue of $427.6 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $385.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.14. The six earnings estimates compiled by S&P Capital IQ anticipated $0.03 per share. GAAP EPS were $0.14 for Q2 against -$0.04 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 45.7%, 80 basis points better than the prior-year quarter. Operating margin was 4.0%, 440 basis points better than the prior-year quarter. Net margin was 1.7%, 220 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $521.1 million. On the bottom line, the average EPS estimate is $0.59.
Next year's average estimate for revenue is $1.84 billion. The average EPS estimate is $1.02.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 486 members out of 515 rating the stock outperform, and 29 members rating it underperform. Among 147 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 139 give Skechers USA a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Skechers USA is outperform, with an average price target of $26.20.
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The article Skechers USA Beats Up on Analysts Yet Again originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.