Deckers Outdoor Corp (DECK) Announces Quarterly Earnings Results, Beats Estimates By $0.07 EPS
Deckers Outdoor Corp (NASDAQ:DECK) released its earnings data on Thursday. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.07, AR Network reports. The company had revenue of $294.70 million for the quarter, compared to the consensus estimate of $282.13 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis.
DECK has been the subject of a number of recent research reports. Analysts at Buckingham Research upgraded shares of Deckers Outdoor Corp in a research note on Thursday, April 10th. Finally, analysts at Susquehanna raised their price target on shares of Deckers Outdoor Corp from $87.00 to $92.00 in a research note on Friday, April 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. Deckers Outdoor Corp has an average rating of “Hold” and an average target price of $80.67.
Deckers Outdoor Corp (NASDAQ:DECK) traded down 0.32% during mid-day trading on Thursday, hitting $78.53. 1,170,604 shares of the company’s stock traded hands. Deckers Outdoor Corp has a 52 week low of $46.59 and a 52 week high of $90.09. The stock has a 50-day moving average of $77. and a 200-day moving average of $77.10. The company has a market cap of $2.719 billion and a price-to-earnings ratio of 18.85.
Deckers Outdoor Corporation designs footwear developed for both high performance outdoor activities and everyday casual lifestyle use.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.