Deckers (DECK) Q2 Earnings: What To Anticipate

Footwear and attire conglomerate Deckers (NYSE:DECK) might be reporting outcomes this Thursday after market shut. Right here’s what to anticipate.

Deckers beat analysts’ income expectations by 2.4% final quarter, reporting revenues of $1.02 billion, up 6.5% 12 months on 12 months. It was a robust quarter for the corporate, with a stable beat of analysts’ fixed forex income estimates and a stable beat of analysts’ EPS estimates.

Is Deckers a purchase or promote going into earnings? Learn our full evaluation right here, it’s free.

This quarter, analysts expect Deckers’s income to develop 9.1% 12 months on 12 months to $900.3 million, slowing from the 22.1% enhance it recorded in the identical quarter final 12 months. Adjusted earnings are anticipated to come back in at $0.68 per share.

Analysts masking the corporate have usually reconfirmed their estimates over the past 30 days, suggesting they anticipate the enterprise to remain the course heading into earnings. Deckers has solely missed Wall Avenue’s income estimates as soon as over the past two years, exceeding top-line expectations by 6.1% on common.

Taking a look at Deckers’s friends within the client discretionary phase, some have already reported their Q2 outcomes, giving us a touch as to what we will count on. Nike’s revenues decreased 12% 12 months on 12 months, beating analysts’ expectations by 3.4%, and Levi’s reported revenues up 6.4%, topping estimates by 5.8%. Nike traded up 15.2% following the outcomes whereas Levi’s was additionally up 11.1%.

Learn our full evaluation of Nike’s outcomes right here and Levi’s outcomes right here.

There was constructive sentiment amongst traders within the client discretionary phase, with share costs up 13.9% on common over the past month. Deckers is up 5.5% throughout the identical time and is heading into earnings with a median analyst value goal of $122.04 (in comparison with the present share value of $105.99).

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