Deckers Outdoor Corp (NASDAQ:DECK) will unveil its latest earnings on Thursday, July 28, 2011. Deckers Outdoor Corporation is a designer, producer, marketer, and brand manager of innovative, high-quality footwear and accessories. Crocs, Inc. Second Quarter Earnings Sneak Peek>>
Deckers Outdoor Corp Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for a loss of 25 cents per share, a swing from profit of 23 cents in the year earlier quarter. During the past three months, the average estimate has moved down from 8 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at a loss of 25 cents during the last month. For the year, analysts are projecting net income of $4.61 per share, a rise of 14.4% from last year.
Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 2 cents, reporting profit of 49 cents per share against a mean estimate of net income of 47 cents per share.
Wall St. Revenue Expectations: On average, analysts predict $143.4 million in revenue this quarter, a rise of 4.7% from the year ago quarter. Analysts are forecasting total revenue of $1.23 billion for the year, a rise of 23% from last year’s revenue of $1 billion.
Analyst Ratings: Analysts are bullish on this stock with 10 analysts rating it as a buy, none rating it as a sell and two rating it as a hold.
The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 27.6%, with the biggest boost coming in the second quarter of the last fiscal year when revenue rose 33.7% from the year earlier quarter.
The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 7.2% while it rose 31.7% in the fourth quarter of the last fiscal year and 24.6% in the third quarter of the last fiscal year.
Competitors to Watch: Crocs, Inc. (NASDAQ:CROX), NIKE, Inc. (NYSE:NKE), The Timberland Company (NYSE:TBL), Skechers USA, Inc. (NYSE:SKX), Steven Madden, Ltd. (NASDAQ:SHOO), LaCrosse Footwear, Inc. (NASDAQ:BOOT), Wolverine World Wide, Inc. (NYSE:WWW), and Phoenix Footwear Group, Inc. (AMEX:PXG).
Stock Price Performance: During June 23, 2011 to July 22, 2011, the stock price had risen $11.38 (13.4%) from $85.04 to $96.42. The stock price saw one of its best stretches over the last year between January 31, 2011 and February 14, 2011 when shares rose for 11-straight days, rising 17.8% (+$13.08) over that span. It saw one of its worst periods between May 27, 2011 and June 6, 2011 when shares fell for six-straight days, falling 10.6% (-$9.69) over that span. Shares are up $16.68 (+20.9%) year to date.
(Source: Xignite Financials)