Deckers Outdoor (DECK) Tops Q3 EPS by 4c; Q4 Guidance Light, Raises FY

Deckers Outdoor (NYSE: DECK) reported Q3 EPS of $6.59, $0.04 better than the analyst estimate of $6.55. Revenue for the quarter came in at $938.7 million versus the consensus estimate of $900.43 million.

"Our third quarter results were driven by three of our brands experiencing record levels of quarterly revenue, resulting in an updated outlook that reflects another year of strong top-line growth and earnings expansion," said Dave Powers, President and Chief Executive Officer. "Heading into the fourth quarter, our brands are intent on maintaining the momentum seen throughout this fiscal year as we are planning continued investment in consumer engagement opportunities and compelling product introductions."

GUIDANCE:

Deckers Outdoor sees Q4 2020 EPS of $0.35-$0.45, versus the consensus of $0.67. Deckers Outdoor sees Q4 2020 revenue of $392-402 million, versus the consensus of $422.96 million.

Deckers Outdoor sees FY2020 EPS of $9.40-$9.50, versus the consensus of $9.17. Deckers Outdoor sees FY2020 revenue of $2.15-2.16 billion, versus the consensus of $2.14 billion.

For earnings history and earnings-related data on Deckers Outdoor (DECK) click here.

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