Auriga Lowers Q4 and 2012 EPS Estimates for Skechers

According to a research report published today by Auriga, Skechers USA Inc. (NYSE: SKX) produced weaker than expected sales in the quarter.

Auriga commented in the report that, “We are adjusting our EPS estimate for Q4 to ($0.21) from ($0.08) due to our expectation of weaker than expected sales. We also adjusted our expected tax gain for the quarter. Our ($0.21) EPS loss compares with $0.07 reported in 4Q10. SKX is scheduled to report Q4 EPS after the close on Wednesday, February 15.”

Auriga maintains its Hold rating and $12 PT on Skechers, which closed Friday at $13.99.