Deckers (deck) T2 R2: what to expect

Conglomerate Deckers of Shoe and Clothing (NYSE: DECK) will report the results this Thursday after the closing of the market. Here’s what to expect.

Deckers beat analysts’ income expectations of 2.4% in the last quarter, declaring revenues of $ 1.02 billion, up 6.5% over a year. It was a solid district for the company, with a solid rhythm of the estimates of the constant currency income of analysts and a solid rhythm of the BPA estimates of analysts.

Is Deckers a purchase or a sale in income? Read our full analysis here, it’s free.

This quarter, analysts expect deckers’ income to increase by 9.1% over a year to 900.3 million dollars, slowing down the 22.1% increase in the same quarter last year. The adjusted profits should reach $ 0.68 per share.

Analysts covering the company have generally reconfirmed their estimates in the last 30 days, suggesting that they anticipate that the company remains during income. Deckers has only missed Wall Street income estimates only once in the past two years, exceeding high -level expectations of 6.1%on average.

Looking at the peers of deckers in the discretionary segment of consumers, some have already reported their results of the T2, which gives us an indication on what we can expect. Nike’s revenues decreased by 12%over a year, beating analysts’ expectations by 3.4%, and Levi’s reported income increased by 6.4%, exceeding estimates by 5.8%. Nike exchanged 15.2% after the results while Levi’s also increased by 11.1%.

Read our complete analysis of Nike’s results here and Levi’s results here.

There was a positive feeling among investors in the discretionary consumer segment, with the equity price of 13.9% in the last month. Deckers increased by 5.5% in the same time and heads for profit with an average analyst price target of $ 122.04 (compared to the current course of $ 105.99).

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