Deckers Outdoor Q3 2024 Adj. EPS $15.11 Beats $11.48 Estimate, Revenue $1.560B Beats $1.448B Estimate
Portfolio Pulse from Benzinga Newsdesk
Deckers Outdoor reported its Q3 2024 adjusted earnings per share (EPS) at $15.11, surpassing the estimated $11.48. The company's revenue reached $1.56 billion, exceeding the forecast of $1.448 billion.
February 01, 2024 | 9:35 pm
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Deckers Outdoor significantly exceeded Q3 2024 earnings and revenue estimates, with an adjusted EPS of $15.11 against an $11.48 forecast and revenues of $1.56 billion versus the expected $1.448 billion.
Deckers Outdoor's significant outperformance in both earnings per share and revenue for Q3 2024 suggests strong operational efficiency and market demand for its products. This positive earnings surprise is likely to instill investor confidence and could lead to a short-term uptick in DECK's stock price, as markets typically react favorably to earnings that exceed expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100