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Deckers (DECK) Registers a Bigger Fall Than the Market: Important Facts to Note
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Deckers (DECK - Free Report) ended the recent trading session at $98.85, demonstrating a -2.69% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.28%. On the other hand, the Dow registered a loss of 0.52%, and the technology-centric Nasdaq decreased by 0.08%.
Coming into today, shares of the maker of Ugg footwear had lost 11% in the past month. In that same time, the Retail-Wholesale sector lost 3.47%, while the S&P 500 gained 4.03%.
Investors will be eagerly watching for the performance of Deckers in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.57, reflecting a 1.26% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $1.41 billion, indicating a 7.67% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.33 per share and a revenue of $5.43 billion, representing changes of 0% and +9.01%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Deckers. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.11% higher. At present, Deckers boasts a Zacks Rank of #2 (Buy).
From a valuation perspective, Deckers is currently exchanging hands at a Forward P/E ratio of 16.04. This indicates a discount in contrast to its industry's Forward P/E of 17.83.
One should further note that DECK currently holds a PEG ratio of 3.87. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Retail - Apparel and Shoes industry currently had an average PEG ratio of 2.35 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 76, this industry ranks in the top 31% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Deckers (DECK) Registers a Bigger Fall Than the Market: Important Facts to Note
Deckers (DECK - Free Report) ended the recent trading session at $98.85, demonstrating a -2.69% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.28%. On the other hand, the Dow registered a loss of 0.52%, and the technology-centric Nasdaq decreased by 0.08%.
Coming into today, shares of the maker of Ugg footwear had lost 11% in the past month. In that same time, the Retail-Wholesale sector lost 3.47%, while the S&P 500 gained 4.03%.
Investors will be eagerly watching for the performance of Deckers in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.57, reflecting a 1.26% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $1.41 billion, indicating a 7.67% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.33 per share and a revenue of $5.43 billion, representing changes of 0% and +9.01%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Deckers. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.11% higher. At present, Deckers boasts a Zacks Rank of #2 (Buy).
From a valuation perspective, Deckers is currently exchanging hands at a Forward P/E ratio of 16.04. This indicates a discount in contrast to its industry's Forward P/E of 17.83.
One should further note that DECK currently holds a PEG ratio of 3.87. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Retail - Apparel and Shoes industry currently had an average PEG ratio of 2.35 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 76, this industry ranks in the top 31% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.