Deckers stock soared 19% after surpassing Wall Street estimates in its third-quarter report. Revenue grew 7.1% to $1.96 billion, with Hoka sales up 18.5% and Ugg climbing 4.9%. Operating income increased 8.3%, and earnings per share rose 11%. The company raised its guidance for the fiscal year, projecting revenue of $5.4-$5.425 billion and EPS of $6.80-$6.85. Deckers has consistently beaten analyst estimates over the last four quarters, showing strong growth potential. The stock is attractively priced with a P/E ratio of 17, making it a smart buy in the current market environment.

Read more at Nasdaq: This Stock Is Up Nearly 10,000% Since Its IPO And It Just Stunned Wall Street. Why It Could Go Even Higher.