Deckers (DECK) Tops Q1 Earnings and Revenue Estimates

Company Overview - Deckers is expected to report quarterly earnings of $0.88 per share, reflecting a year-over-year decline of 7.4% [3] - The company posted revenues of $825.35 million for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 2.47% and up from $675.79 million a year ago [4] - Deckers achieved quarterly earnings of $4.52 per share, surpassing the Zacks Consensus Estimate of $3.59 per share, compared to earnings of $2.41 per share a year prior [8] - The company has consistently outperformed consensus EPS estimates over the last four quarters [9] Stock Performance - Deckers shares have increased approximately 26.6% since the beginning of the year, outperforming the S&P 500's gain of 13.8% [5] - The current estimate revisions trend for Deckers is favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [10] Future Outlook - The consensus EPS estimate for the upcoming quarter is $7.01 on revenues of $1.19 billion, with an annual estimate of $30.81 on revenues of $4.77 billion [14] - The outlook for the Retail - Apparel and Shoes industry, where Deckers operates, is currently in the bottom 38% of Zacks industries, which may impact stock performance [11]