- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
Deckers Outdoor Corporation (NASDAQ:DECK) reported its results for the second quarter. Deckers Outdoor Corporation is a designer, producer, marketer, and brand manager of innovative, high-quality footwear and accessories.
Investing Insights: Is TV the Next Bullish Catalyst for Apple’s Stock?
Deckers Outdoor Corporation Earnings Cheat Sheet
Results: Loss widened to $20.1 million (53 cents per diluted share) from $7.3 million (loss of 19 cents per share) in the same quarter a year earlier.
Revenue: Rose 13.1% to $174.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Deckers Outdoor Corporation beat the mean analyst estimate of a loss of 60 cents per share. It beat the average revenue estimate of $166.7 million.
Quoting Management: “We experienced better than expected sales trends in several areas of our business during the second quarter,” stated Angel Martinez, President, Chief Executive Officer and Chair of the Board of Directors. “Sell-through of the UGG brand in our direct to consumer channel was higher than planned; highlighted by a 43.9% increase in eCommerce sales year over year and a 6.8% same store sales increase. Along with record domestic wholesale sales for the UGG and Teva brands and the addition of the Sanuk brand, we were able to more than offset declines in our European wholesale and distributor divisions and drive overall second quarter sales above our initial projections.”
The company has seen double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 27.1%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 49.1% from the year earlier quarter.
The company’s loss in the latest quarter follows profits in the previous three quarters. The company reported a profit of $7.9 million in the first quarter, a profit of $124.7 million in the fourth quarter of the last fiscal year and $62.5 million in the third of the last fiscal year.
The company topped expectations last quarter after falling short of forecasts in the first quarter with net income of 20 cents versus a mean estimate of net income of 25 cents per share.
Looking Forward: Analysts appear increasingly negative about the company’s results for the next quarter. The average estimate for the third quarter has moved down from $1.72 a share to $1.46 over the last ninety days. At $4.54 per share, the average estimate for the fiscal year has fallen from $5.14 ninety days ago.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
Don’t Miss These Hot Additional Stories:
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.