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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 2.66% at $110.82. The stock's change was less than the S&P 500's daily gain of 0.26%. Meanwhile, the Dow gained 0.09%, and the Nasdaq, a tech-heavy index, added 0.42%.
Shares of the maker of Ugg footwear witnessed a gain of 12.86% over the previous month, beating the performance of the Retail-Wholesale sector with its loss of 1.79%, and the S&P 500's gain of 6.32%.
Market participants will be closely following the financial results of Deckers in its upcoming release. The company's upcoming EPS is projected at $0.94, signifying a 1.08% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.02 billion, showing a 5.88% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $7.39 per share and a revenue of $5.94 billion, indicating changes of +5.27% and +8.6%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Deckers. Such recent modifications usually signify the changing landscape of 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 1.51% higher. Deckers presently features a Zacks Rank of #3 (Hold).
With respect to valuation, Deckers is currently being traded at a Forward P/E ratio of 15.41. This valuation marks a discount compared to its industry average Forward P/E of 15.93.
We can additionally observe that DECK currently boasts a PEG ratio of 2.27. 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. DECK's industry had an average PEG ratio of 1.21 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 152, positioning it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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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 2.66% at $110.82. The stock's change was less than the S&P 500's daily gain of 0.26%. Meanwhile, the Dow gained 0.09%, and the Nasdaq, a tech-heavy index, added 0.42%.
Shares of the maker of Ugg footwear witnessed a gain of 12.86% over the previous month, beating the performance of the Retail-Wholesale sector with its loss of 1.79%, and the S&P 500's gain of 6.32%.
Market participants will be closely following the financial results of Deckers in its upcoming release. The company's upcoming EPS is projected at $0.94, signifying a 1.08% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.02 billion, showing a 5.88% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $7.39 per share and a revenue of $5.94 billion, indicating changes of +5.27% and +8.6%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Deckers. Such recent modifications usually signify the changing landscape of 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 1.51% higher. Deckers presently features a Zacks Rank of #3 (Hold).
With respect to valuation, Deckers is currently being traded at a Forward P/E ratio of 15.41. This valuation marks a discount compared to its industry average Forward P/E of 15.93.
We can additionally observe that DECK currently boasts a PEG ratio of 2.27. 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. DECK's industry had an average PEG ratio of 1.21 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 152, positioning it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.