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