What to Expect from Skechers’ Earnings Growth in 2018
Skechers (SKX) beat analysts’ estimates in two of the first three quarters of 2018. In the third quarter, Skechers’ adjusted EPS of $0.58 beat analysts’ expectation of $0.51. However, Skechers’ EPS declined 1.7% on a year-over-year basis in the third quarter. Increased expenses and a higher tax rate had a negative impact on Skechers’ earnings in the third quarter.