NEW YORK, Dec 8 (Reuters) - Shoemaker Skechers USA Inc SKX.N is predicted to publish earnings devel
NEW YORK, Dec 8 (Reuters) – Shoemaker Skechers USA Inc SKX.N is predicted to publish earnings development on tempo with Nike Inc NKE.N over the following three years, giving its comparatively low valuation an opportunity of catching up, monetary newspaper Barron’s reported in its Dec. 7 version.
Analysts estimate Skechers’ earnings-per-share will rise 15% this yr and in 2020, and 12% in 2021. But Nike trades at about 30 occasions analysts’ future earnings estimates, in contrast with 16 occasions for Sketchers, even after Skechers shares soared greater than 75% this yr, the paper mentioned.
Skechers sells trainers, costume sneakers, sandals and boots – a broader vary than Nike – and has grown over the previous 20 years to change into the third-largest world footwear model by income, after Nike and Adidas AG ADSGn.DE, the paper mentioned.
Skechers kinds, usually priced at $50 to $70, are perceived as “cool” and good worth, an edge its greater rivals lack, Barron’s added.
“Nike and Adidas are reluctant to determine as worth manufacturers,…