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Deckers (DECK) Suffers a Larger Drop Than the General Market: Key Insights
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Deckers (DECK - Free Report) closed at $105.57 in the latest trading session, marking a -3.24% move from the prior day. This change lagged the S&P 500's 0.37% loss on the day. Elsewhere, the Dow saw an upswing of 0.29%, while the tech-heavy Nasdaq depreciated by 1.33%.
The stock of maker of Ugg footwear has risen by 2.29% in the past month, leading the Retail-Wholesale sector's loss of 4.65% and the S&P 500's gain of 2.02%.
The upcoming earnings release of Deckers will be of great interest to investors. The company is predicted to post an EPS of $0.93, indicating constancy compared to the equivalent quarter last 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.
For the full year, the Zacks Consensus Estimates project earnings of $7.42 per share and a revenue of $5.9 billion, demonstrating changes of +5.7% and +7.85%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Deckers. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 2.13% upward. At present, Deckers boasts a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Deckers has a Forward P/E ratio of 14.7 right now. This expresses a discount compared to the average Forward P/E of 16.63 of its industry.
It is also worth noting that DECK currently has a PEG ratio of 2.16. 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. The Retail - Apparel and Shoes was holding an average PEG ratio of 1.35 at yesterday's closing price.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 82, positioning it in the top 34% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Deckers (DECK) Suffers a Larger Drop Than the General Market: Key Insights
Deckers (DECK - Free Report) closed at $105.57 in the latest trading session, marking a -3.24% move from the prior day. This change lagged the S&P 500's 0.37% loss on the day. Elsewhere, the Dow saw an upswing of 0.29%, while the tech-heavy Nasdaq depreciated by 1.33%.
The stock of maker of Ugg footwear has risen by 2.29% in the past month, leading the Retail-Wholesale sector's loss of 4.65% and the S&P 500's gain of 2.02%.
The upcoming earnings release of Deckers will be of great interest to investors. The company is predicted to post an EPS of $0.93, indicating constancy compared to the equivalent quarter last 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.
For the full year, the Zacks Consensus Estimates project earnings of $7.42 per share and a revenue of $5.9 billion, demonstrating changes of +5.7% and +7.85%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Deckers. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 2.13% upward. At present, Deckers boasts a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Deckers has a Forward P/E ratio of 14.7 right now. This expresses a discount compared to the average Forward P/E of 16.63 of its industry.
It is also worth noting that DECK currently has a PEG ratio of 2.16. 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. The Retail - Apparel and Shoes was holding an average PEG ratio of 1.35 at yesterday's closing price.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 82, positioning it in the top 34% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.