Deckers Outdoor (NYSE:DECK) reported its Q3 earnings results on Thursday, February 3, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Deckers Outdoor beat estimated earnings by 2.81%, reporting an EPS of $8.42 versus an estimate of $8.19, which did not surprise analysts.
Revenue was up $110.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.35, which was followed by a 3.93% increase in the share price the next day.
Here's a look at Deckers Outdoor's past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 4.01 | -0.14 | 0.64 | 7.07 |
| EPS Actual | 3.66 | 1.71 | 1.18 | 8.99 |
| Revenue Estimate | 765.91M | 400.74M | 435.21M | 963.38M |
| Revenue Actual | 721.90M | 504.68M | 561.19M | 1.08B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Deckers Outdoor management provided guidance for their next quarter, expecting earnings between $14.5 and $15.15 per share for the next quarter.
This represents a 76.07% in quarter-over-quarter growth for Deckers Outdoor, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
