Shares of Deckers Outdoor (DECK) plunged 5.03% during Thursday's intraday trading session, as investors turned cautious ahead of the company's first-quarter earnings report, which is set to be released after the closing bell.

The decline comes as analysts project a year-over-year drop in quarterly earnings to 87 cents per share, down from 93 cents in the same period last year, despite an expected increase in revenue to $1.02 billion. This anticipated profit compression appears to be weighing on sentiment, even as the company had previously posted strong fourth-quarter results and issued upbeat guidance in May.

Ahead of the release, a mix of analyst actions has painted a complex picture. While firms like UBS and Jefferies have recently raised price targets or upgraded the stock, the immediate focus remains on the potential earnings decline and whether the company can sustain its growth momentum in a challenging retail environment.