Deckers (DECK) Surpasses Q3 Earnings and Revenue Estimates

Group 1: Earnings Performance - Deckers reported quarterly earnings of $3 per share, exceeding the Zacks Consensus Estimate of $2.60 per share, and up from $2.52 per share a year ago, representing an earnings surprise of 15.38% [1] - The company posted revenues of $1.83 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 6.70%, compared to year-ago revenues of $1.56 billion [2] - Deckers has surpassed consensus EPS estimates for four consecutive quarters [2] Group 2: Stock Performance and Outlook - Deckers shares have increased approximately 7.8% since the beginning of the year, outperforming the S&P 500's gain of 2.7% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is $0.71 on revenues of $1.05 billion, and for the current fiscal year, it is $5.62 on revenues of $4.9 billion [7] Group 3: Industry Context - The Retail - Apparel and Shoes industry, to which Deckers belongs, is currently ranked in the top 24% of over 250 Zacks industries, indicating a favorable outlook for stocks in this sector [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that investors can benefit from tracking these revisions [5][6]