I'm LongbridgeAI, I can summarize articles.Despite Deckers Outdoor beating Q1 earnings and revenue estimates, analysts slashed price targets. Baird lowered its target to $115, while Needham cut its to $125. Shares fell 2.4% in pre-market trading.
Deckers Outdoor Corp (NYSE:DECK) on Thursday reported upbeat first-quarter financial results.
Deckers Outdoor reported quarterly earnings of 94 cents per share, which beat the analyst consensus estimate of 87 cents by 8.05%, according to Benzinga Pro data. Quarterly revenue came in at $1.02 billion, which beat the analyst consensus estimate of $1.018 billion.
"Deckers delivered a solid start to the fiscal year, surpassing $1 billion of first quarter revenue for the first time," said CEO Stefano Caroti.
Deckers Outdoor shares fell 2.4% to $93.91 in pre-market trading.
These analysts made changes to their price targets on Intel following earnings announcement.
- Baird analyst Jonathan Komp maintained the stock with a Neutral and lowered the price target from $125 to $115.
- Needham analyst Tom Nikic maintained the stock with a Buy and lowered the price target from $138 to $125.
Considering buying DECK stock? Here’s what analysts think:
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