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Deckers (DECK) Gains As Market Dips: What You Should Know
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Deckers (DECK - Free Report) closed the most recent trading day at $85.81, moving +1.55% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 0.38% for the day. Elsewhere, the Dow saw a downswing of 0.51%, while the tech-heavy Nasdaq depreciated by 0.29%.
The maker of Ugg footwear's shares have seen a decrease of 13.66% over the last month, not keeping up with the Retail-Wholesale sector's loss of 6.14% and the S&P 500's gain of 2.08%.
Market participants will be closely following the financial results of Deckers in its upcoming release. On that day, Deckers is projected to report earnings of $1.82 per share, which would represent no growth from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.51 billion, up 5.58% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $7.5 per share and revenue of $5.9 billion, indicating changes of +6.84% and +7.88%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Deckers. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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 past month, the Zacks Consensus EPS estimate has moved 0.05% higher. Currently, Deckers is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, Deckers is currently exchanging hands at a Forward P/E ratio of 11.26. This signifies a discount in comparison to the average Forward P/E of 15.31 for its industry.
Investors should also note that DECK has a PEG ratio of 1.31 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Retail - Apparel and Shoes was holding an average PEG ratio of 1.18 at yesterday's closing price.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 86, putting it in the top 35% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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Deckers (DECK) Gains As Market Dips: What You Should Know
Deckers (DECK - Free Report) closed the most recent trading day at $85.81, moving +1.55% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 0.38% for the day. Elsewhere, the Dow saw a downswing of 0.51%, while the tech-heavy Nasdaq depreciated by 0.29%.
The maker of Ugg footwear's shares have seen a decrease of 13.66% over the last month, not keeping up with the Retail-Wholesale sector's loss of 6.14% and the S&P 500's gain of 2.08%.
Market participants will be closely following the financial results of Deckers in its upcoming release. On that day, Deckers is projected to report earnings of $1.82 per share, which would represent no growth from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.51 billion, up 5.58% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $7.5 per share and revenue of $5.9 billion, indicating changes of +6.84% and +7.88%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Deckers. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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 past month, the Zacks Consensus EPS estimate has moved 0.05% higher. Currently, Deckers is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, Deckers is currently exchanging hands at a Forward P/E ratio of 11.26. This signifies a discount in comparison to the average Forward P/E of 15.31 for its industry.
Investors should also note that DECK has a PEG ratio of 1.31 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Retail - Apparel and Shoes was holding an average PEG ratio of 1.18 at yesterday's closing price.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 86, putting it in the top 35% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.