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Skechers soars 20% on strong sales numbers

Feb. 10, 2017 3:19 PM ETSkechers U.S.A., Inc. (SKX) StockSKXBy: Stephen Alpher, SA News Editor5 Comments
  • The company topped revenue estimates in Q4, and Q1 revenue guidance was also stronger-than-expected ($1.05B-$1.075B vs. Street at $1.04B).
  • But what about profits, asks Wedbush's Christopher Svezia, reiterating his Neutral rating and $25 price target (vs. current $27.87).
  • The Q4 bottom line of $0.04 missed estimates by a nickel, and Q1 EPS guidance of $0.50-$0.55 is shy of the Street at $0.66.
  • For now, sales growth isn't translating into profits and the "inflection continues to move further out, increasing risk should growth not materialize," he says.
  • Skechers earnings center, including conference call transcript
  • SKX +19.6%

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