Deckers Outdoor (DECK) shares were down nearly 22% in recent Friday trading after the company issued a fiscal Q1 outlook below Wall Street estimates, followed by a series of analyst downgrades and price target cuts.
Late Thursday, Deckers Outdoor said it expects fiscal Q1 earnings per share of $0.62 to $0.67 on sales of $890 million to $910 million. Analysts polled by FactSet expect EPS of $0.79 on sales of $925.3 million.
KeyBanc, Evercore ISI, and Telsey Advisory are among the firms that downgraded the company following the release of its fiscal Q4 results and fiscal Q1 outlook. Meanwhile, Barclays, Truist, Wells Fargo, BNP Paribas, and other firms lowered their price targets on the company's stock.
Price: 99.00, Change: -27.09, Percent Change: -21.48
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