Deckers Outdoor Meets on the Top Line, Misses Where it Counts
Deckers Outdoor (NAS: DECK) reported earnings April 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Deckers Outdoor met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Deckers Outdoor reported revenue of $246.3 million. The 15 analysts polled by S&P Capital IQ foresaw sales of $246.2 million on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $204.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.20. The 16 earnings estimates compiled by S&P Capital IQ averaged $0.25 per share. GAAP EPS of $0.20 for Q1 were 59% lower than the prior-year quarter's $0.49 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 46.0%, 400 basis points worse than the prior-year quarter. Operating margin was 4.8%, 900 basis points worse than the prior-year quarter. Net margin was 3.2%, 620 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $179.9 million. On the bottom line, the average EPS estimate is -$0.60.
Next year's average estimate for revenue is $1.59 billion. The average EPS estimate is $4.57.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 720 members rating the stock outperform and 128 members rating it underperform. Among 232 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 199 give Deckers Outdoor a green thumbs-up, and 33 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Deckers Outdoor is outperform, with an average price target of $100.19.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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