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Deckers (DECK) Registers a Bigger Fall Than the Market: Important Facts to Note
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In the latest trading session, Deckers (DECK - Free Report) closed at $102.22, marking a -3.64% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.28%. At the same time, the Dow lost 1.09%, and the tech-heavy Nasdaq gained 0.2%.
The maker of Ugg footwear's stock has dropped by 5.69% in the past month, falling short of the Retail-Wholesale sector's gain of 0.18% and the S&P 500's gain of 1.64%.
Investors will be eagerly watching for the performance of Deckers in its upcoming earnings disclosure. In that report, analysts expect Deckers to post earnings of $0.92 per share. This would mark a year-over-year decline of 1.08%. At the same time, our most recent consensus estimate is projecting a revenue of $1.02 billion, reflecting a 5.43% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $7.45 per share and revenue of $5.91 billion, which would represent changes of +6.13% and +8.05%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Deckers. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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. 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 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. The Zacks Consensus EPS estimate has moved 0.18% higher within the past month. Right now, Deckers possesses a Zacks Rank of #3 (Hold).
Digging into valuation, Deckers currently has a Forward P/E ratio of 14.24. Its industry sports an average Forward P/E of 16.31, so one might conclude that Deckers is trading at a discount comparatively.
One should further note that DECK currently holds a PEG ratio of 2.1. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Retail - Apparel and Shoes industry had an average PEG ratio of 1.2.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 56, which puts it in the top 23% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Deckers (DECK) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest trading session, Deckers (DECK - Free Report) closed at $102.22, marking a -3.64% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.28%. At the same time, the Dow lost 1.09%, and the tech-heavy Nasdaq gained 0.2%.
The maker of Ugg footwear's stock has dropped by 5.69% in the past month, falling short of the Retail-Wholesale sector's gain of 0.18% and the S&P 500's gain of 1.64%.
Investors will be eagerly watching for the performance of Deckers in its upcoming earnings disclosure. In that report, analysts expect Deckers to post earnings of $0.92 per share. This would mark a year-over-year decline of 1.08%. At the same time, our most recent consensus estimate is projecting a revenue of $1.02 billion, reflecting a 5.43% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $7.45 per share and revenue of $5.91 billion, which would represent changes of +6.13% and +8.05%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Deckers. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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. 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 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. The Zacks Consensus EPS estimate has moved 0.18% higher within the past month. Right now, Deckers possesses a Zacks Rank of #3 (Hold).
Digging into valuation, Deckers currently has a Forward P/E ratio of 14.24. Its industry sports an average Forward P/E of 16.31, so one might conclude that Deckers is trading at a discount comparatively.
One should further note that DECK currently holds a PEG ratio of 2.1. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Retail - Apparel and Shoes industry had an average PEG ratio of 1.2.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 56, which puts it in the top 23% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.