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Deckers Outdoor Corp. Message Board

  • reality90210 reality90210 Dec 10, 2013 10:29 AM Flag

    CREDIT SUiSSE - BALONEY

    Here's what this Credit Suisse analyst Christian Buss said in July, 26,2013

    and on October 10,2013:

    "In a report published Thursday, Credit Suisse analyst Christian Buss reiterated an Underperform rating and $47.00 price target on Deckers Outdoor Corp. (NASDAQ: DECK).
    In the report, Credit Suisse noted, “We remain concerned about Deckers' return on recent retail investments and reiterate our view that 2H earnings could fall short of expectations. While 3Q remains a sell-in quarter, and risk is moderate heading into the 3Q report, recent retailer commentary and macroeconomic factors suggest the company is not well positioned for guided-to reacceleration of revenue growth and earnings power in 4Q. Guidance is for 4Q revenue growth of 14.5%, and EPS growth of 38% versus 2.5% revenue growth and earnings declines of 41% Y/Y in 3Q.”

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