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Deckers (DECK) Stock Sinks As Market Gains: Here's Why
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In the latest close session, Deckers (DECK - Free Report) was down 1.88% at $101.81. The stock's performance was behind the S&P 500's daily gain of 0.16%. On the other hand, the Dow registered a gain of 0.17%, and the technology-centric Nasdaq increased by 0.26%.
Coming into today, shares of the maker of Ugg footwear had gained 2.55% in the past month. In that same time, the Retail-Wholesale sector gained 5.12%, while the S&P 500 gained 1.89%.
The upcoming earnings release of Deckers will be of great interest to investors. The company is predicted to post an EPS of $2.77, indicating a 7.67% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.87 billion, showing a 2.57% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.41 per share and a revenue of $5.37 billion, signifying shifts of +1.26% and +7.65%, respectively, from the last year.
Investors should also pay attention to any latest changes in 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 reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.08% higher. Deckers is currently sporting a Zacks Rank of #2 (Buy).
With respect to valuation, Deckers is currently being traded at a Forward P/E ratio of 16.19. This expresses a discount compared to the average Forward P/E of 20.34 of its industry.
It is also worth noting that DECK currently has a PEG ratio of 4.68. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Retail - Apparel and Shoes industry stood at 1.86 at the close of the market yesterday.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 43, which puts it in the top 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Deckers (DECK) Stock Sinks As Market Gains: Here's Why
In the latest close session, Deckers (DECK - Free Report) was down 1.88% at $101.81. The stock's performance was behind the S&P 500's daily gain of 0.16%. On the other hand, the Dow registered a gain of 0.17%, and the technology-centric Nasdaq increased by 0.26%.
Coming into today, shares of the maker of Ugg footwear had gained 2.55% in the past month. In that same time, the Retail-Wholesale sector gained 5.12%, while the S&P 500 gained 1.89%.
The upcoming earnings release of Deckers will be of great interest to investors. The company is predicted to post an EPS of $2.77, indicating a 7.67% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.87 billion, showing a 2.57% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.41 per share and a revenue of $5.37 billion, signifying shifts of +1.26% and +7.65%, respectively, from the last year.
Investors should also pay attention to any latest changes in 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 reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.08% higher. Deckers is currently sporting a Zacks Rank of #2 (Buy).
With respect to valuation, Deckers is currently being traded at a Forward P/E ratio of 16.19. This expresses a discount compared to the average Forward P/E of 20.34 of its industry.
It is also worth noting that DECK currently has a PEG ratio of 4.68. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Retail - Apparel and Shoes industry stood at 1.86 at the close of the market yesterday.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 43, which puts it in the top 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.