Tansy Trading
Value, medium-term horizon, mid-cap, hedge fund manager

Skechers Crushes Q1 Earnings: Analysts Still Asleep

Skechers (NYSE:SKX) reported Q1 earnings Tuesday after the close and beat revenue estimates by nearly 9% and earnings estimates by 80%. How is this even possible? The company is covered by six footwear analysts. While four of the analysts are bullish on the company, their Q1 revenue and earnings estimates came nowhere close to actual reported results. The two analysts who have a hold and sell rating have been skeptical of the company's prospects and remain focused on the company's past missteps and are missing the complete transformation of the company's product line, distribution expansion and operational improvements.

We have written two articles about our outlook for Skechers, and our recommendation of following us in owning large blocks...

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