
Skechers U.S.A. (SKX) Stock Forecast & Price Target
Skechers U.S.A. (SKX) Analyst Ratings
Bulls say
Skechers USA Inc. reported a robust sales increase of 12.8% year-over-year to $2,212.4 million in 4Q24, which was bolstered by significant growth in both the Wholesale and Direct-to-Consumer segments, especially with mid-20's growth in EMEA and Asia ex-China. The company's gross margin expanded by 20 basis points to 53.3%, exceeding estimates and reflecting operational efficiency and favorable channel mix during the Holiday selling period. Furthermore, Skechers maintains a healthy balance sheet with a net cash per share of $4.35, providing a strong financial foundation for future growth initiatives.
Bears say
Skechers USA Inc. reported a mixed performance in the recent quarter, with revenues increasing by 13% but EPS falling to $0.65, lower than the guidance of $0.70-$0.75, mainly due to an unexpected foreign exchange impact. Furthermore, the company has faced declining revenues from China for the second consecutive quarter, contributing to a negative outlook as guidance for 1Q25 revenue and EPS was below previous Street estimates. The anticipated significant foreign exchange headwinds and deeper challenges in the Chinese market have led to a downward revision in revenue and earnings expectations, negatively affecting market perception and resulting in a notable decline in share price.
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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