Deckers (DECK) Earnings Expected to Grow: Should You Buy?

Core Viewpoint - The market anticipates Deckers (DECK) will report a year-over-year increase in earnings driven by higher revenues in its upcoming earnings report for the quarter ended September 2024, with results expected on October 24 [1] Earnings Expectations - Deckers is projected to post quarterly earnings of $1.22 per share, reflecting a year-over-year change of +7$1.2 billion, representing a 9.6% increase from the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has been revised 0.01% higher over the last 30 days, indicating a slight bullish sentiment among analysts [3] Earnings Surprise Prediction - The Zacks Earnings ESP model shows that the Most Accurate Estimate for Deckers is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +1.12%, suggesting a likely earnings beat [4][6] - The stock currently holds a Zacks Rank of 3, indicating a neutral outlook [6] Historical Performance - In the last reported quarter, Deckers exceeded expectations by posting earnings of $0.75 per share against an expected$0.60, achieving a surprise of +25% [7] - Over the past four quarters, Deckers has consistently beaten consensus EPS estimates [7] Conclusion - While an earnings beat is anticipated, other factors may also influence stock movement, making it essential to consider the Earnings ESP and Zacks Rank before the earnings release [8]