Skechers Gears Up For Q2 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Skechers U.S.A., Inc. SKX will release its second quarter financial results, after the closing bell on Thursday, July 25.

Analysts expect the Manhattan Beach, California-based company to report quarterly earnings at 95 cents per share, down from 98 cents per share in the year-ago period. Skechers is expected to post revenue of $2.23 billion, compared to $2.01 billion a year ago, according to data from Benzinga Pro.

Skechers recently filed a lawsuit against LL Bean accusing the company of illegally copying its shoe designs.

Skechers shares fell 1.7% to close at $64.02 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Morgan Stanley analyst Alex Straton upgraded the stock from Equal-Weight to Overweight and raised the price target from $60 to $80 on July 23. This analyst has an accuracy rate of 71%.
• TD Cowen analyst John Kernan maintained a Buy rating and increased the price target from $77 to $79 on July 22. This analyst has an accuracy rate of 68%.
• Deutsche Bank analyst Krisztina Katai reinstated a Buy rating with a price target of $82 on June 13. This analyst has an accuracy rate of 62%.
• Stifel analyst Jim Duffy maintained a Buy rating and boosted the price target from $74 to $81 on May 28. This analyst has an accuracy rate of 74%.
• Wedbush analyst Tom Nikic reiterated an Outperform rating with a price target of $76 on May 17. This analyst has an accuracy rate of 66%.

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