What's Going On With Deckers Outdoor Shares After Earnings?
Portfolio Pulse from Erica Kollmann
Deckers Outdoor Corporation (NYSE:DECK) shares surged after the company reported better-than-expected Q4 earnings and sales. Despite a slightly lower fiscal year outlook, several analysts raised their price targets for the stock.
May 24, 2024 | 3:59 pm
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Deckers Outdoor reported Q4 earnings of $4.95 per share, significantly beating the consensus estimate of $2.90. Quarterly sales also exceeded expectations at $959.758 million. Despite a slightly lower fiscal year outlook, several analysts raised their price targets for DECK.
The significant beat on Q4 earnings and sales has positively impacted investor sentiment, leading to a 13.4% increase in DECK's share price. The raised price targets from multiple analysts further support a positive short-term outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100