Deckers (DECK) Q1 Earnings: What To Expect

Footwear and apparel conglomerate Deckers (NYSE:DECK) will be announcing earnings results tomorrow after market close. Here's what investors should know.

Deckers beat analysts' revenue expectations by 7.3% last quarter, reporting revenues of $1.56 billion, up 16% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts' revenue and EPS estimates.

Is Deckers a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Deckers's revenue to grow 12.3% year on year to $888.8 million, improving from the 7.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.94 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Deckers has a history of exceeding Wall Street's expectations, beating revenue estimates every single time over the past two years by 8.8% on average.

Looking at Deckers's peers in the footwear segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Skechers delivered year-on-year revenue growth of 12.5%, beating analysts' expectations by 2.3%, and Steven Madden reported revenues up 19.1%, topping estimates by 5.2%. Skechers traded up 11.3% following the results while Steven Madden's stock price was unchanged.

Read our full analysis of Skechers's results here and Steven Madden's results here.

There has been positive sentiment among investors in the footwear segment, with share prices up 3.4% on average over the last month. Deckers is up 8.8% during the same time and is heading into earnings with an average analyst price target of $944.3 (compared to the current share price of $902.49).

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