These Analysts Slash Their Forecasts On Deckers Outdoor Following Q2 Results

Benzinga Earnings10-23 19:30

Deckers Outdoor Corp. (NYSE:DECK) on Thursday posted mixed second-quarter fiscal 2027 results.

Deckers Outdoor reported quarterly earnings of $2.31 per share, which beat the consensus estimate of $1.80, per Benzinga Pro data. Quarterly revenue of $1.48 billion missed the Street estimate of $1.51 billion.

"We delivered earnings above our expectations in the second quarter by maintaining disciplined marketplace management and a focus on expense control in a challenging consumer environment," said CEO Stefano Caroti.

Deckers Outdoor raised its fiscal 2027 GAAP EPS guidance to $7.80-$7.95, versus the $7.50 analyst estimate, and lowered its fiscal 2027 revenue outlook to between $5.7 billion and $5.73 billion, versus the $5.88 billion estimate.

Deckers Outdoor shares fell 7.8% to $78.60 in pre-market trading.

These analysts made changes to their price targets on Deckers Outdoor following earnings announcement.

  • Piper Sandler analyst Anna Andreeva downgraded the stock from Neutral to Underweight and cut the price target from $100 to $75.
  • Needham analyst Tom Nikic maintained the stock with a Buy and lowered the price target from $125 to $96.

Considering buying DECK stock? Here’s what analysts think:

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