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Deckers (DECK) Dips More Than Broader Market: What You Should Know
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Deckers (DECK - Free Report) closed at $97.65 in the latest trading session, marking a -3.2% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.41%. Elsewhere, the Dow saw a downswing of 1.13%, while the tech-heavy Nasdaq depreciated by 0.19%.
Shares of the maker of Ugg footwear have appreciated by 2.61% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 11.33%, and the S&P 500's gain of 10.02%.
Analysts and investors alike will be keeping a close eye on the performance of Deckers in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.81, indicating a 19% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.08 billion, showing a 5.9% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.87 per share and revenue of $5.43 billion, indicating changes of +8.53% and +8.89%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Deckers should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.01% decrease. At present, Deckers boasts a Zacks Rank of #4 (Sell).
From a valuation perspective, Deckers is currently exchanging hands at a Forward P/E ratio of 13.81. This signifies a discount in comparison to the average Forward P/E of 16.2 for its industry.
It's also important to note that DECK currently trades at a PEG ratio of 2.16. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Retail - Apparel and Shoes was holding an average PEG ratio of 1.38 at yesterday's closing price.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 91, finds itself in the top 38% echelons of all 250+ industries.
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.
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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Deckers (DECK) Dips More Than Broader Market: What You Should Know
Deckers (DECK - Free Report) closed at $97.65 in the latest trading session, marking a -3.2% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.41%. Elsewhere, the Dow saw a downswing of 1.13%, while the tech-heavy Nasdaq depreciated by 0.19%.
Shares of the maker of Ugg footwear have appreciated by 2.61% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 11.33%, and the S&P 500's gain of 10.02%.
Analysts and investors alike will be keeping a close eye on the performance of Deckers in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.81, indicating a 19% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.08 billion, showing a 5.9% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.87 per share and revenue of $5.43 billion, indicating changes of +8.53% and +8.89%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Deckers should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.01% decrease. At present, Deckers boasts a Zacks Rank of #4 (Sell).
From a valuation perspective, Deckers is currently exchanging hands at a Forward P/E ratio of 13.81. This signifies a discount in comparison to the average Forward P/E of 16.2 for its industry.
It's also important to note that DECK currently trades at a PEG ratio of 2.16. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Retail - Apparel and Shoes was holding an average PEG ratio of 1.38 at yesterday's closing price.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 91, finds itself in the top 38% echelons of all 250+ industries.
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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.