• Skechers USA Inc SKX.N reported quarterly adjusted earnings of 65 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 56 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 75 cents per share. Wall Street expected results to range from 72 cents to 80 cents per share.

• Revenue rose 12.8% to $2.21 billion from a year ago; analysts expected $2.22 billion.

• Skechers USA Inc's reported EPS for the quarter was 65 cents​.

• The company reported quarterly net income of $99.33 million.

• Skechers USA Inc shares had risen by 10.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.7% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the footwear peer group is also "buy"

Wall Street's median 12-month price target for Skechers USA Inc is $83.00

This summary was machine generated from LSEG data February 7 at 02:41 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)