Deckers Outdoor Analysts Boost Their Forecasts After Upbeat Results
Portfolio Pulse from Avi Kapoor
Deckers Outdoor Corporation (NYSE:DECK) reported better-than-expected Q4 financial results, with earnings per share of $4.95 beating estimates by 70.69% and sales of $959.758 million surpassing estimates by 8.14%. The company saw significant growth in both domestic and international sales. Analysts have raised their price targets for DECK following the strong results.
May 24, 2024 | 11:44 am
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Deckers Outdoor Corporation reported strong Q4 results, significantly beating earnings and sales estimates. Analysts have raised their price targets, reflecting positive sentiment.
Deckers Outdoor's strong financial performance and the subsequent increase in analyst price targets are likely to positively impact the stock price in the short term. The company's significant growth in both domestic and international sales further supports this positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100