A Preview Of Deckers Outdoor's Earnings
Portfolio Pulse from Benzinga Insights
Deckers Outdoor (NYSE:DECK) is expected to release its quarterly earnings report on February 1, 2024, with an estimated EPS of $11.42. Investors are looking for an earnings beat and positive guidance for future growth. Historically, DECK's stock price has been sensitive to earnings performance and guidance. Last quarter, DECK beat the EPS estimate by $2.39, resulting in an 18.94% stock price increase the following day. Over the past year, DECK shares have risen by 81.26%, trading at $773.54 as of January 30.
January 31, 2024 | 6:01 pm
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POSITIVE IMPACT
Deckers Outdoor is anticipated to report strong quarterly earnings with an EPS estimate of $11.42. A history of positive earnings surprises could lead to an optimistic outlook for the stock price.
Given DECK's history of beating EPS estimates and the subsequent positive stock price reactions, there is a high likelihood of a similar outcome if the company beats the EPS estimate again. The 81.26% increase in stock price over the last year indicates strong investor confidence, which could be further bolstered by a positive earnings report and guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100