Deckers Outdoor Corporation DECK is likely to experience a drop in the top line when it reports its fourth quarter 2020 fiscal numbers on May 21, after the closing bell. Zacks' consensus estimate for revenue is $ 360 million, indicating an 8.7% drop from the previous year's figure. In addition, the bottom line should also drop year on year. We note that the Zacks consensus estimate for earnings for the quarter under review has remained stable at 16 cents in the past 30 days. The figure suggests a sharp drop in earnings of 85 cents in the quarter of the previous year. This bottom line of the CA-based Goleta company surpassed Zacks' consensus estimate in the final four quarters. Key factors to known assortments of brands, introducing a more innovative product line, addressing consumers digitally through marketing and solid electronic commerce and optimizing omni-channel distribution. Furthermore, in line with the evolving scenario, the company made substantial investments to strengthen its online presence and open small omnichannel sales outlets. The company has also made marketing investments to increase brand awareness in the non-core category of HOKA ONE ONE and UGG Men & # 39; s and UGG Women. However, we note that the company has had to cope with the declining sales of the Sanuk brand, which is likely to have weighed on fourth-quarter performance. Management expects reductions in Sanuk's domestic wholesale trade due to the decision to exit the warehouse channel. Furthermore, the headwinds relating to currency, transportation costs and higher promotional environment cannot be ignored. These could reflect on the margins and, in turn, on the bottom line. In addition, the outbreak of the coronavirus pandemic forced the company to temporarily close its stores. This is likely to affect the company's top results. We note that the Zacks consensus estimate for sales for the Sanuk and Teva brands is $ 15.7 million and $ 62 million, respectively, compared to the $ 31.5 million and $ 52.9 million reported in the year. – period ago. Meanwhile, the consensus estimate for UGG brand sales stands at $ 221 million, down from the $ 239 million recorded in the year-ago period.
Deckers Outdoor Corporation Price, consent and surprise EPS
Deckers Outdoor Corporation – Consent-price-eps-surprise-chart | Quote from Deckers Outdoor Corporation
What the Zacks model reveals Our tested model does not definitively foresee a beat for Deckers in this season of earnings. The combination of a positive earnings ESP and a Zacks Rank # 1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of a profit wipe. You can discover the best stocks to buy or sell before they are reported with our ESP revenue filter. Deckers has a Zacks Rank # 4 (Sell) and an ESP on revenue of 0.00% .3 Other stocks with a favorable combination Here are three other companies we recommend you consider as our model shows that these have the right combination of elements to publish a profit: Kroger KR has an ESP on profits of + 4.52% and a Zacks in second place. Here you can see the complete stock list of Zacks n. 1 today. LOW di LOW has an ESP on profits of + 3.33% and a Zacks of level 3. The general DG deloll has an ESP on profits of + 1.25% and one of Zacks n. 3. Today's best actions from Zacks Would you like to see the choices updated by our best market strategies? From 2017 to 2019, while the S & P 500 has gained and an impressive + 53.6%, five of our strategies have returned + 65.8%, + 97.1%, + 118.0%, + 175.7% and even + 186.7%. This outperformance was not just a recent phenomenon. Since 2000-2019, while the S & P has recorded an average of + 6.0% per year, our main strategies have recorded an average of up to + 54.7% per year. See their latest choices for free >>
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