PREVIEW: Skechers rises ahead of earnings; focus on tariffs

** Shares of Skechers SKX.N gaining 4% on Thursday ahead of quarterly results after the bell, as investors focus on potential impacts on the shoe seller from President Donald Trump's tariffs

** SKX remains down 14% since April 2, when Trump's on-again off-again global tariffs threw international supply chains into turmoil

** Co in February gave annual forecasts that missed estimates, saying margins pressured by macro-weakness in China

** Analysts expect qtrly rev up 7.9% to $2.43 bln, with adjusted EPS seen at $1.17 vs $1.33 yr-ago, per LSEG, highlighting potential margin pressures

** Stock recently traded at 11 times expected earnings, compared to its avg forward PE of 15 over past five years, per LSEG data

** SKX stock has plunged about 24% YTD, underperforming the S&P 500 .SPX, which fell 7% in the same period

** In past 30 days, two analysts raised EPS estimates while three revised downwards, indicating mixed sentiment