Movement Alert｜Deckers Outdoor Intraday Decline 6.54% in Regular Trading, Sales Guidance Cut After Q2 Results Triggers Analyst Target Reductions

Market Focus10-23 21:32

On October 23, Deckers Outdoor fell 6.54% in Regular Trading, trading at $78.5 per share, with turnover of $72.88 million.

The main catalyst was the company’s latest quarterly report: Deckers Outdoor beat fiscal Q2 EPS expectations but missed on revenue, while raising full-year EPS guidance and cutting its full-year sales outlook, a mix that was followed by analyst target-price reductions.

For fiscal Q2, diluted EPS was $2.31, above consensus near $1.79 to $1.80, while revenue was $1.48 billion, below expectations of about $1.51 billion. The company lifted fiscal EPS guidance to $7.80-$7.95 from $7.35-$7.50, but lowered net sales guidance to $5.70-$5.725 billion from $5.86-$5.91 billion, below consensus around $5.88 billion. Separately, Evercore ISI cut its price target to $90 from $108 after the results.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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