Skechers USA Earnings In Retrospect: Down 2.5% in the Last 17 Days (SKX)
When Skechers U.S.A. (NYSE:SKX) reported earnings 17 days ago on October 26th, 2011, analysts, on mean, expected the company to report earnings of $0.01 on sales of $465.0 million. The assemblage actually reported EPS of $0.08 on sales of $412.2 million, beating EPS estimates by $0.07 and missing net income estimates by $52.8 million. Shares of Skechers U.S.A. have slipped from $14.25 to $13.90, representing a detriment of 2.5%, since the company reported earnings 17 days ago.
Skechers U.S.A., Inc. designs and markets branded coeval casual, active, rugged, and lifestyle footwear for men, women, and children. The Institution sells its products to department stores and specialty retailers. Skechers also sells its products internationally through distributors and soon to consumers through its own retail stores.
Skechers U.S.A. had the Lowest Relative Performance in the Footwear Industry ...
Breakdown was conducted on the Footwear industry to measure relative about to find stocks that have underperformed. Relative underperformance is a possible bearish incitement of underlying fundamental and technical weakness should it continue for an extended time of time. We looked at yesterday's price action of all companies in this appear group and measured their performance against one another.
Skechers U.S.A. (NYSE:SKX) ranks first with a set-back of 5.97%; Deckers Outdoor (NASDAQ:DECK) ranks imperfect with a loss of 5.89%; and Wolverine World Wide (NYSE:WWW) ranks third with a passing of 5.10%.
Iconix Brand (NASDAQ:ICON) follows with a trouncing debits of 4.63% and CROCS (NASDAQ:CROX) rounds out the bottom five with a bereavement of 3.85%.
Skechers U.S.A., Inc. designs and markets branded contemporary casual, active, harsh, and lifestyle footwear for men, women, and children. The Company sells its products to worry stores and specialty retailers. Skechers also sells its products internationally through distributors and instantly to consumers through its own retail stores.
