Deckers opens +6%, gives strong full-year revenue guidance

|About: Deckers Outdoor Corporation (DECK)|By:, SA News Editor

Deckers Outdoor (DECK +5.9%) surges higher after posting a smaller than expected loss and beating revenue forecasts for the three-month transition period that ended March 31.

DECK reported 11.7% growth in revenues to nearly $295M, beating analyst expectations and the company's own guidance of 6% revenue growth.

UGG Australia, which contributes the most to DECK total revenues, posted a 15.8% growth in sales; direct-to-consumer comparable sales, including same-store sales and comparable sales from e-commerce, jumped 16.9%.

Sees Q1 EPS of -$1.33 vs. -$1.05 analyst consensus estimate and revenue growth of 12% vs. 9% to $186M consensus; sees FY 2015 EPS growth of 13.5% vs. ~13% consensus and revenue growth of 13% vs. 10% to $1.74B consensus.

Sterne Agee believes DECK guidance probably is conservative, and keeps its Buy rating and $95 price target on the shares.