Deckers Outdoor (DECK) Slammed on Q4 Results, Weak Guidance
Tweet
Share
E-mail
Get Alerts DECK Hot Sheet
Price: $91.68 +3.17%
Financial Fact:
Income tax (benefit) expense: 13.17M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Income tax (benefit) expense: 13.17M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Join SI Premium – FREE
Deckers Outdoor (Nasdaq: DECK) is under heavy pressure after-hours Thursday following solid fourth quarter results but concerning guidance.
Deckers reported Q4 EPS of $3.18, $0.04 better than the analyst estimate of $3.14. Revenue for the quarter came in at $603.9 million versus the consensus estimate of $565.21 million.
The company sees full year 2012 diluted earnings per share to be approximately flat with 2011. This would equal EPS of $5.07 per share, which is sharply below the consensus of $5.79. The Company expects full year revenues to increase approximately 15% over 2011 levels.
For Q1 2012, the company sees EPS down 50% from last year . This would suggest EPS of $0.25, which is well below the consensus of $0.63. They see revenue up 19% over last year.
The company cited the increase in sheepskin costs in 2012 compared to 2011.
Shares of Deckers Outdoor last traded at $80, down 11 percent from the close.
Deckers reported Q4 EPS of $3.18, $0.04 better than the analyst estimate of $3.14. Revenue for the quarter came in at $603.9 million versus the consensus estimate of $565.21 million.
The company sees full year 2012 diluted earnings per share to be approximately flat with 2011. This would equal EPS of $5.07 per share, which is sharply below the consensus of $5.79. The Company expects full year revenues to increase approximately 15% over 2011 levels.
For Q1 2012, the company sees EPS down 50% from last year . This would suggest EPS of $0.25, which is well below the consensus of $0.63. They see revenue up 19% over last year.
The company cited the increase in sheepskin costs in 2012 compared to 2011.
Shares of Deckers Outdoor last traded at $80, down 11 percent from the close.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
- UBS says bull market has further to run
- Deutsche Bank monitors UK auto sales as Chinese exports grow
Create E-mail Alert Related Categories
Earnings, Guidance, Hot Earnings, Hot Guidance, Trader TalkRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
