Deckers Outdoor Corp Third Quarter Earnings Sneak Peek

Deckers Outdoor Corp (NASDAQ:DECK) will unveil its latest earnings on Thursday, October 27, 2011. Deckers Outdoor Corporation is a designer, producer, marketer, and brand manager of innovative, high-quality footwear and accessories.

Deckers Outdoor Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.34 per share, a rise of 25.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.52. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.34 during the last month. For the year, analysts are projecting net income of $4.82 per share, a rise of 19.6% from last year.

Past Earnings Performance: Last quarter, the company beat estimates by 5 cents, coming in at net loss of 19 cents a share versus the estimate of a loss of 24 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 39.3% in revenue from the year-earlier quarter to $387 million.

Analyst Ratings: Analysts are bullish on this stock with 11 analysts rating it as a buy, none rating it as a sell and one rating it as a hold.

A Look Back: In the second quarter, the company swung to a loss of $7.3 million (19 cents a share) from a profit of $9 million (23 cents) a year earlier, but beat analyst expectations. Revenue rose 12.5% to $154.2 million from $137.1 million.

Key Stats:

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 22.3%, with the biggest boost coming in the first quarter when revenue rose 31.4% from the year earlier quarter.

Deckers Outdoor’s loss in the latest quarter followed profits in the previous three quarters. The company reported a profit of $19.2 million in the first quarter, a profit of $89.2 million in the fourth of the last fiscal year and a profit of $42.1 million 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 August 25, 2011 to October 21, 2011, the stock price had risen $22.20 (27.5%) from $80.74 to $102.94. 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 $23.20 (+29.1%) year to date.

(Source: Xignite Financials)

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