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Deckers (DECK) Stock Sinks As Market Gains: What You Should Know
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In the latest close session, Deckers (DECK - Free Report) was down 1.17% at $112.50. This change lagged the S&P 500's daily gain of 1.65%. At the same time, the Dow added 0.92%, and the tech-heavy Nasdaq gained 3.07%.
Prior to today's trading, shares of the maker of Ugg footwear had gained 21.67% outpaced the Retail-Wholesale sector's loss of 4.86% and the S&P 500's gain of 0.48%.
The upcoming earnings release of Deckers will be of great interest to investors. The company is forecasted to report an EPS of $0.93, showcasing no movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.02 billion, indicating a 5.42% increase compared to the same quarter of the previous year.
DECK's full-year Zacks Consensus Estimates are calling for earnings of $7.42 per share and revenue of $5.9 billion. These results would represent year-over-year changes of +5.7% and +7.85%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Deckers. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.13% higher. Deckers is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Deckers currently has a Forward P/E ratio of 15.34. This signifies a discount in comparison to the average Forward P/E of 17.1 for its industry.
Meanwhile, DECK's PEG ratio is currently 2.26. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Retail - Apparel and Shoes industry had an average PEG ratio of 1.37.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 84, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DECK in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Deckers (DECK) Stock Sinks As Market Gains: What You Should Know
In the latest close session, Deckers (DECK - Free Report) was down 1.17% at $112.50. This change lagged the S&P 500's daily gain of 1.65%. At the same time, the Dow added 0.92%, and the tech-heavy Nasdaq gained 3.07%.
Prior to today's trading, shares of the maker of Ugg footwear had gained 21.67% outpaced the Retail-Wholesale sector's loss of 4.86% and the S&P 500's gain of 0.48%.
The upcoming earnings release of Deckers will be of great interest to investors. The company is forecasted to report an EPS of $0.93, showcasing no movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.02 billion, indicating a 5.42% increase compared to the same quarter of the previous year.
DECK's full-year Zacks Consensus Estimates are calling for earnings of $7.42 per share and revenue of $5.9 billion. These results would represent year-over-year changes of +5.7% and +7.85%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Deckers. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.13% higher. Deckers is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Deckers currently has a Forward P/E ratio of 15.34. This signifies a discount in comparison to the average Forward P/E of 17.1 for its industry.
Meanwhile, DECK's PEG ratio is currently 2.26. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Retail - Apparel and Shoes industry had an average PEG ratio of 1.37.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 84, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DECK in the coming trading sessions, be sure to utilize Zacks.com.