- 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%