Deckers (DECK) Surpasses Q2 Earnings and Revenue Estimates

Company Performance - Deckers reported quarterly earnings of $1.59 per share, exceeding the Zacks Consensus Estimate of$ 1.22 per share, and up from $1.14 per share a year ago, representing an earnings surprise of 30.33% [1] - The company achieved revenues of$ 1.31 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 9.58%, compared to $1.09 billion in the same quarter last year [1] - Over the last four quarters, Deckers has consistently surpassed consensus EPS and revenue estimates [1] Stock Performance - Deckers shares have increased approximately 35.5% since the beginning of the year, outperforming the S&P 500's gain of 21.5% [2] - The current Zacks Rank for Deckers is 3 (Hold), indicating expected performance in line with the market in the near future [4] Earnings Outlook - The consensus EPS estimate for the upcoming quarter is$ 2.53 on revenues of $1.71 billion, and for the current fiscal year, it is$ 5.30 on revenues of $4.79 billion [4] - The trend of estimate revisions for Deckers is currently mixed, which may change following the recent earnings report [4] Industry Context - The Retail - Apparel and Shoes industry, to which Deckers belongs, is currently ranked in the top 17% of over 250 Zacks industries, indicating a favorable outlook [5] - Another company in the same industry, Lulu's Fashion Lounge Holdings, Inc., is expected to report a quarterly loss of$ 0.07 per share, with revenues projected at $77 million, down 7.4% year-over-year [5]