Deckers Outdoor Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
As you might know, Deckers Outdoor Corporation (NYSE:DECK) just kicked off its latest quarterly results with some very strong numbers. It was overall a positive result, with revenues beating expectations by 4.7% to hit US$2.0b. Deckers Outdoor also reported a statutory profit of US$3.33, which was an impressive 20% above what the analysts had forecast. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. With this in mind, we’ve gathered the latest statutory forecasts to see what the analysts are expecting for next year.
Taking into account the latest results, the current consensus from Deckers Outdoor’s 23 analysts is for revenues of US$5.81b in 2027. This would reflect a notable 8.1% increase on its revenue over the past 12 months. Statutory per share are forecast to be US$7.24, approximately in line with the last 12 months. Before this earnings report, the analysts had been forecasting revenues of US$5.76b and earnings per share (EPS) of US$6.85 in 2027. So the consensus seems to have become somewhat more optimistic on Deckers Outdoor’s earnings potential following these results.
View our latest analysis for Deckers Outdoor
The analysts have been lifting their price targets on the back of the earnings upgrade, with the consensus price target rising 15% to US$128. That’s not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic Deckers Outdoor analyst has a price target of US$184 per share, while the most pessimistic values it at US$90.00. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.
Of course, another way to look at these forecasts is to place them into context against the industry itself. It’s pretty clear that there is an expectation that Deckers Outdoor’s revenue growth will slow down substantially, with revenues to the end of 2027 expected to display 6.4% growth on an annualised basis. This is compared to a historical growth rate of 16% over the past five years. Compare this to the 65 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 5.8% per year. So it’s pretty clear that, while Deckers Outdoor’s revenue growth is expected to slow, it’s expected to grow roughly in line with the industry.
