Friday's Morning Movers: DECK, VZ & CHTR Earnings

those are some of the winners on Wall Street. We have a lot of movers to discuss. And joining me here on set, Sam bodies for first moves after the open here. So good morning to you Sam. Let's talk a little bit about some of the moves. I saw Dekkers was down about 4%. What's going on there? Yeah. On the back foot at the get go after the cash open here. Nicole. Not down as much as it was in the pre-open. To your point. Only down about 2% right now coming off the back of earnings yesterday. Let me run you through what we got from this company because it was okay. Just wasn't good enough for the market. So the EPS $0.94 compared to the $0.88 estimate. So that was a beat. We got revenue of 1.02 billion, which was bang in line with expectations. And so that's why it just wasn't good enough here for the street. We continue to see the strength coming from Hoka up 7.7% as far as the Q1 revenue breakdown here, UGG, we know that the strength comes from that category as well, up nearly 5%. So they're really what's driving things here. We know the trends. We see them around people obviously wearing these shoes quite a lot, but the others down 18.1% as far as other categories that make up for that revenue composition, as far as what it's guiding here, it's looking at net sales to come in just slightly higher than expectations. It raised EPS as well. Let me run you through what the analysts have said though this morning, because it does look like we've had quite a number of price targets that have been lowered. What I would say though, is it's not like the market has turned bearish to any degree here. It just seems to be more of a rerating on deck right now, because you've actually had Needham while lowering the price target to 125, still keeping a buy rating. They basically say that given the history of the beats, investors are likely disappointed here. That word was echoed by the folks over at BFA who took this to 105. We're currently trading at 92 and change, they said. Q1 impresses, but Q2 guidance disappoints. Wells took this to 85. So they're sort of on the lower end here. As I said, we're trading above that right now. They've kept an underweight rating on the shares. The firm believes that basically it adds more fuel to the bear case now and likely keeps bulls from engaging despite valuation and lack of negative revisions. Basically says it's another quarter where it thinks more questions than answers around the direction of the story. And then Stifel taking this to one, three, three, but keeping a buy rating on the shares as well. They've talked about the strength of Hoka and the dynamics, looking healthier with that particular segment. Yeah. Stifel among the higher calls there at 133, they did take it down from 144, but maintain that buy rating to your point, like just like what we saw from Needham keeping that buy rating, but taking the price target down. Decker is under pressure over one year down 13%. And then I think about Nike too, which has been a struggle. And shareholders have seen that stock to the downside. One year down 46%. Yeah let's move. By the way Uggs as you noted Uggs good bright spot Hoka good bright spot. But the other was the other the downy. The other part that really weighed on deckers. Let's talk about also another mover here. And you're looking at Verizon. What's going on there. I saw it up fractionally earlier. Yeah. So it is trading higher up 3%. So heading in the complete opposite direction to what we've seen with Deckers Outdoor today. Just looking at this sort of year to date performance. It is outperforming this pop today is helping. So this has been recovering a little bit here. It does look like they reported $1.30 adjusted EPS for Q2. That was a beat. The revenue came in at 34.25 billion versus the 35.31. So you've actually had a little bit of a mixed quarter here as far as Q2 highlights. But looking at the revenue breakdown overall down 0.7%, but it was the mobility and broadband revenue that came in up 2.8%. Postpaid phone net additions are 184,000. Looking at fixed wireless access, net additions 193,000. Broadband net additions up 12%. So you're looking at double digits there for that particular category. 348,000 other highlights including EBITDA up 7%, cash flow from operations up 16%. Looking at the guide, it did raise the EPS up pretty much above expectations here. CapEx coming in at 16 billion to 16.5. Free cash flow growth expected to come in actually 9 to 10%. And also looking at the postpaid phone net additions in the upper half of 750,000. So, you know, just looking at this one, the big takeaway seems to be more about the story. It's the narrative rather than the numbers, Nicole, that things are working when it comes to this turnaround plan. You've seen it evident in the mobility and broadband services sales beats that I just mentioned. As I said, it raised the full year guidance on some metrics. That was a little bit mixed. In fact, it did miss on the operating revenue. Verizon put that down to a few, I should say, challenges around the consumer, basically not upgrading as often, people holding on to their handsets longer. But the results are pretty good news for a company that had seen growth coming off in recent years. Nicole. I would say it did lose market share. That's been the story for this one. To others like T-Mobile, which we've discussed at length, but this new CEO, which came in last year to the role, has promised to improve things. And when you look at the headlines, the reaction today, it does look like this is a story where things start to kind of bear fruit. If you take a look at the numbers with regards to that strategy. So I looked Verizon up to over two and a half, AT&T higher, T-Mobile higher. T-Mobile is up about 5%. AT&T up 2.3%. Then there's this charter story. The sub slide. The internet biz worries down almost 5% right now. Not having a good start to the day. I mean fourth quarter in a row that total revenue has declined here. Nicole. Internet and video subscribers just keep dropping. That's really the story with this one. It's facing competition that's eating into things. And so this is obviously what we're seeing by the way of these earnings. Let me just run you through the numbers here. EPS $10.66 versus the $10.14 expected. But the revenue pretty much just above expectations here. But it was down 1.7% overall. And the spectrum internet 172,000 decline. Video down 21,000. Just looking at the internet customers and this 172,000 decline here, that was a lot steeper than the one 16,000 that the company shared in the second quarter of 2025. So it's good to actually look at the base effects here and falling due to residential internet revenue that dropped 3%. But the video customers, interestingly, 21,000 decline. There was an improvement from the decline we'd seen in the same period last year. But they have talked about simplifying pricing and packaging in the inclusion of streaming applications. But look, we did see that the mobile business was a bright spot. It's just not enough to make up for where the business is bleeding in those other segments. As I mentioned, the video subscribers, internet customers as well. So, you know, it does say that it hopes to close an acquisition of Cox Communications in mid to late August. But obviously negative reaction we're seeing today to this mixed quarter. And I was just looking at a three year chart where it used to be $458, which was the high. And I was thinking, how was that a 52 week low today, as we've been noting here. But thanks to our team, I see that, in fact, charter is at more than a 12 year low. So that's obviously something for shareholders that they're looking at that the erosion of the internet business. This is sending the stock here lower. The subs are sliding. Thank you Sam