Deckers Outdoor Corporation (DECK) has delivered an impressive third-quarter profit that not only surpasses the earnings from the same period last year, but also beats market predictions.
In numbers, the company's net income amounted to $389.9 million, or $15.11 per share. For comparison, this represents significant growth from last year's third quarter when the company realized $278.75 million in profit, or $10.48 per share.
Market analysts had predicted that the company would land a gain of about $11.48 per share, according to data collected by Thomson Reuters. It should be noted that these estimated figures typically exclude extraordinary or unusual items.
The company also saw an appreciable growth in its revenue for the quarter, recording an increase of 15.6% to reach $1.56 billion, up from the $1.35 billion mark noted the previous year.
In review, Deckers Outdoor Corporation's earnings conforming to Generally Accepted Accounting Principles (GAAP) indicate a year-on-year expansion:
- Earnings for Q3: A surge to $389.9 million from $278.75 million last year.
- Earnings Per Share (EPS) for Q3: A rise to $15.11 from $10.48 last year.
- Analysts' EPS estimate: $11.48
- Revenue for Q3: An increase to $1.56 billion from $1.35 billion last year.
Regarding future predictions, the company offers the following guidance:
- Full-year EPS estimate: Range between $26.25 and $26.50
- Full-year expected revenue: Standing around $4.15 billion.
