Here's what history shows about SKX past earnings run-ups

12 July 2023, 12:39 PM

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By Dmitry Pargamanik

SKX Shares Could Increase Ahead of Earnings

  • 9 out of the last 12 times, SKX stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 3.9% Gains
SKX is scheduled to report earnings on 27-Jul-2023. The last time Skechers USA reported earnings on Apr 27, 2023, the stock increased by 6.7% to close at $53.19. At its current price of $51.64, SKX post earnings drift is -2.9%. Typically, traders tended to bid up SKX shares (heading into earnings) prior to its scheduled release.

SKX Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves SKX had for the last 12 quarters around earnings. The 2 week run up into earnings is notable as it shows that the stock increased 75% of the time for an average gain of 3.9%. That was actually a better bullish play than holding SKX through earnings that saw a 1.1% gain.

SKX historical stock price movement before earnings

Go to SKX Historical Price Movements Around Earnings page



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