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Here's Why Deckers (DECK) Fell More Than Broader Market
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In the latest trading session, Deckers (DECK - Free Report) closed at $111.06, marking a -1.28% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.24%. Meanwhile, the Dow experienced a drop of 0.01%, and the technology-dominated Nasdaq saw a decrease of 0.26%.
Shares of the maker of Ugg footwear have appreciated by 12.02% over the course of the past month, outperforming the Retail-Wholesale sector's gain of 7.72%, and the S&P 500's gain of 6.42%.
The upcoming earnings release of Deckers will be of great interest to investors. In that report, analysts expect Deckers to post earnings of $0.81 per share. This would mark a year-over-year decline of 19%. In the meantime, our current consensus estimate forecasts the revenue to be $1.08 billion, indicating a 5.9% growth compared to the corresponding quarter of the prior year.
DECK's full-year Zacks Consensus Estimates are calling for earnings of $6.87 per share and revenue of $5.43 billion. These results would represent year-over-year changes of +8.53% and +8.89%, respectively.
It is also important to note the recent changes 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 shows that these estimate changes are directly correlated with near-term stock prices. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Deckers currently has a Zacks Rank of #2 (Buy).
Looking at valuation, Deckers is presently trading at a Forward P/E ratio of 15.4. This denotes a discount relative to the industry average Forward P/E of 16.74.
We can additionally observe that DECK currently boasts a PEG ratio of 2.41. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Retail - Apparel and Shoes industry was having an average PEG ratio of 1.61.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 67, this industry ranks in the top 28% of all industries, numbering over 250.
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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Here's Why Deckers (DECK) Fell More Than Broader Market
In the latest trading session, Deckers (DECK - Free Report) closed at $111.06, marking a -1.28% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.24%. Meanwhile, the Dow experienced a drop of 0.01%, and the technology-dominated Nasdaq saw a decrease of 0.26%.
Shares of the maker of Ugg footwear have appreciated by 12.02% over the course of the past month, outperforming the Retail-Wholesale sector's gain of 7.72%, and the S&P 500's gain of 6.42%.
The upcoming earnings release of Deckers will be of great interest to investors. In that report, analysts expect Deckers to post earnings of $0.81 per share. This would mark a year-over-year decline of 19%. In the meantime, our current consensus estimate forecasts the revenue to be $1.08 billion, indicating a 5.9% growth compared to the corresponding quarter of the prior year.
DECK's full-year Zacks Consensus Estimates are calling for earnings of $6.87 per share and revenue of $5.43 billion. These results would represent year-over-year changes of +8.53% and +8.89%, respectively.
It is also important to note the recent changes 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 shows that these estimate changes are directly correlated with near-term stock prices. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Deckers currently has a Zacks Rank of #2 (Buy).
Looking at valuation, Deckers is presently trading at a Forward P/E ratio of 15.4. This denotes a discount relative to the industry average Forward P/E of 16.74.
We can additionally observe that DECK currently boasts a PEG ratio of 2.41. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Retail - Apparel and Shoes industry was having an average PEG ratio of 1.61.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 67, this industry ranks in the top 28% of all industries, numbering over 250.
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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.