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Here's Why Deckers (DECK) Fell More Than Broader Market
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Deckers (DECK - Free Report) closed at $101.73 in the latest trading session, marking a -3.07% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.33% for the day. Elsewhere, the Dow lost 0.63%, while the tech-heavy Nasdaq lost 0.22%.
Shares of the maker of Ugg footwear have depreciated by 2.55% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 0.67%, and the S&P 500's gain of 4.07%.
The investment community will be closely monitoring the performance of Deckers in its forthcoming earnings report. The company is forecasted to report an EPS of $0.67, showcasing a 10.67% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $899.21 million, indicating a 8.95% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $6.05 per share and a revenue of $5.36 billion, demonstrating changes of -4.42% and +7.61%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Deckers. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.08% lower. Currently, Deckers is carrying a Zacks Rank of #5 (Strong Sell).
Digging into valuation, Deckers currently has a Forward P/E ratio of 17.35. For comparison, its industry has an average Forward P/E of 17.97, which means Deckers is trading at a discount to the group.
Meanwhile, DECK's PEG ratio is currently 6.38. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Retail - Apparel and Shoes industry had an average PEG ratio of 2.02 as trading concluded yesterday.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 209, putting it in the bottom 16% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Here's Why Deckers (DECK) Fell More Than Broader Market
Deckers (DECK - Free Report) closed at $101.73 in the latest trading session, marking a -3.07% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.33% for the day. Elsewhere, the Dow lost 0.63%, while the tech-heavy Nasdaq lost 0.22%.
Shares of the maker of Ugg footwear have depreciated by 2.55% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 0.67%, and the S&P 500's gain of 4.07%.
The investment community will be closely monitoring the performance of Deckers in its forthcoming earnings report. The company is forecasted to report an EPS of $0.67, showcasing a 10.67% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $899.21 million, indicating a 8.95% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $6.05 per share and a revenue of $5.36 billion, demonstrating changes of -4.42% and +7.61%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Deckers. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.08% lower. Currently, Deckers is carrying a Zacks Rank of #5 (Strong Sell).
Digging into valuation, Deckers currently has a Forward P/E ratio of 17.35. For comparison, its industry has an average Forward P/E of 17.97, which means Deckers is trading at a discount to the group.
Meanwhile, DECK's PEG ratio is currently 6.38. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Retail - Apparel and Shoes industry had an average PEG ratio of 2.02 as trading concluded yesterday.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 209, putting it in the bottom 16% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.