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Deckers (DECK) Rises As Market Takes a Dip: Key Facts
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Deckers (DECK - Free Report) closed the most recent trading day at $105.70, moving +2% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.1%. Meanwhile, the Dow experienced a rise of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.43%.
Prior to today's trading, shares of the maker of Ugg footwear had lost 7.01% lagged the Retail-Wholesale sector's loss of 6.49% and the S&P 500's loss of 1.34%.
The upcoming earnings release of Deckers will be of great interest to investors. The company is expected to report EPS of $0.93, unchanged from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $1.02 billion, indicating a 5.42% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $7.42 per share and revenue of $5.9 billion. These totals would mark changes of +5.7% and +7.85%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Deckers. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.55% higher. Deckers presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Deckers is presently being traded at a Forward P/E ratio of 13.96. For comparison, its industry has an average Forward P/E of 16.1, which means Deckers is trading at a discount to the group.
We can additionally observe that DECK currently boasts a PEG ratio of 2.06. 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. Retail - Apparel and Shoes stocks are, on average, holding a PEG ratio of 1.28 based on yesterday's closing prices.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 83, this industry ranks in the top 35% of all industries, numbering over 250.
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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Deckers (DECK) Rises As Market Takes a Dip: Key Facts
Deckers (DECK - Free Report) closed the most recent trading day at $105.70, moving +2% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.1%. Meanwhile, the Dow experienced a rise of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.43%.
Prior to today's trading, shares of the maker of Ugg footwear had lost 7.01% lagged the Retail-Wholesale sector's loss of 6.49% and the S&P 500's loss of 1.34%.
The upcoming earnings release of Deckers will be of great interest to investors. The company is expected to report EPS of $0.93, unchanged from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $1.02 billion, indicating a 5.42% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $7.42 per share and revenue of $5.9 billion. These totals would mark changes of +5.7% and +7.85%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Deckers. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.55% higher. Deckers presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Deckers is presently being traded at a Forward P/E ratio of 13.96. For comparison, its industry has an average Forward P/E of 16.1, which means Deckers is trading at a discount to the group.
We can additionally observe that DECK currently boasts a PEG ratio of 2.06. 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. Retail - Apparel and Shoes stocks are, on average, holding a PEG ratio of 1.28 based on yesterday's closing prices.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 83, this industry ranks in the top 35% of all industries, numbering over 250.
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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.