Footwear and apparel conglomerate Deckers (NYSE: DECK) will be announcing earnings results this Thursday after market hours. Here’s what to expect.
Deckers met analysts’ revenue expectations last quarter, reporting revenues of $1.02 billion, up 5.7% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but full-year revenue guidance meeting analysts’ expectations.
Is Deckers a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Deckers’s revenue to grow 5.4% year on year, slowing from the 9.1% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Deckers has a history of exceeding Wall Street’s expectations.
Looking at Deckers’s peers in the consumer discretionary segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Nike’s revenues decreased 4.3% year on year, missing analysts’ expectations by 1%, and Hasbro reported revenues up 15%, topping estimates by 7.9%. Nike traded down 3.6% following the results.
Read our full analysis of Nike’s results here and Hasbro’s results here.
Investors in the consumer discretionary segment have had steady hands going into earnings, with share prices flat over the last month. Deckers is up 9.1% during the same time and is heading into earnings with an average analyst price target of $116.81 (compared to the current share price of $87.56).
ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all.
Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.
