11:15 AM EDT, 07/10/2024 (MT Newswires) -- Skechers U.S.A. (SKX), Crocs ( CROX ) and Deckers Outdoor's ( DECK ) Q2 revenue is expected to either beat or hit the upper end of outlook for each company amid strong sales trends led by their international businesses, BofA Securities said Wednesday.

"Footwear stocks have pulled back 11% off recent highs on average as a combination of tariff and freight related risks, and recent volatility in the higher multiple athletic sector are weighing on the group," BofA analyst Christopher Nardone said in a note to clients.

Analysts estimate Crocs' ( CROX ) Q2 earnings per share at $3.57, above the company's $3.40 to $3.55 forecast, and Skechers' EPS at $1.00, higher than the $0.92 consensus and the company's $0.85 to $0.90 outlook.

For Deckers Outdoor ( DECK ), analysts said they expect a strong fiscal Q1, with EPS forecast at $3.80, above the $3.37 consensus.

The brokerage said that of the three companies, it prefers Crocs ( CROX ) and Skechers U.S.A., and sees a more balanced risk and reward for Deckers Outdoor ( DECK ).

Price: 65.85, Change: -1.48, Percent Change: -2.20