Deckers Brands Boosts FY24 Net Sales Outlook From $3.950B To $3.980B (Est. $4B); EPS From $21.10-$21.60 To $21.75-$22.25 (Est. $22.21)
Portfolio Pulse from Benzinga Newsdesk
Deckers Brands has increased its FY24 net sales outlook from $3.950B to $3.980B, slightly below the estimated $4B. The company also raised its EPS forecast from $21.10-$21.60 to $21.75-$22.25, which is in line with the estimated $22.21.
July 27, 2023 | 9:37 pm
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NEUTRAL IMPACT
Deckers Brands has raised its FY24 net sales and EPS forecasts. However, the new sales outlook is still below the estimated $4B, which may impact investor sentiment.
Deckers Brands' raised forecasts indicate a positive outlook for the company. However, the revised sales forecast is still below the estimated $4B, which may cause some investor concern. The impact on the stock price is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100