Inside the outdoor industry

Deckers updates guidance

Forecast is latest since February

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Deckers Outdoor Corporation has issued an update on its fourth quarter earnings guidance.

The company provided EPS guidance of (0.10)-0.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.44. The company issued revenue guidance of $354.8-$359.7 million, compared to the consensus revenue estimate of $383.47 million.

Shares opened at $46.62 on Monday. Deckers has a one year low of $45.02 and a one year high of $69.94. The stock has a market capitalisation of $1.50 billion, a P/E ratio of 13.41 and a beta of 0.88. The stock has a 50 day moving average of $56.93 and a 200-day moving average of $59.96.

The firm last released its quarterly earnings data in February. The company reported $4.11 EPS for the quarter, missing the consensus estimate of $4.24 by $0.13. It had a positive return on equity of 12.53% and a negative net margin of 0.13%. The business earned $760.30 million during the quarter, compared to the consensus estimate of $789.08 million. During the same quarter in the previous year, the business posted $4.78 earnings per share.

Quarterly revenue was down 4.5% compared to the same quarter last year. Equities analysts forecast that Deckers Outdoor Corporation will post $4.14 earnings per share for the current year.

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