Skechers (SKX) Q1 Earnings: What To Expect [Yahoo! Finance]
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Source: Yahoo! Finance
Last quarter Skechers reported revenues of $1.96 billion, up 4.4% year on year, missing analyst expectations by 3.7%. It was a weak quarter for the company, with a miss of analysts' revenue estimates. Is Skechers buy or sell heading into the earnings? Read our full analysis here, it's free This quarter analysts are expecting Skechers's revenue to grow 9.9% year on year to $2.2 billion, in line with the 10% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.11 per share. The analysts covering the company have been growing increasingly bearish about the business heading into the earnings, with revenue estimates seeing three downward revisions over the last thirty days.The company missed Wall St's revenue estimates twice over the last two years. Looking at Skechers's peers in the consumer discretionary segment, some of them have already reported Q1 earnings results, giving us a hint of what w
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