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Deckers (DECK) Beats Stock Market Upswing: What Investors Need to Know
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Deckers (DECK - Free Report) closed the most recent trading day at $81.27, moving +1.74% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.86%. Meanwhile, the Dow gained 0.98%, and the Nasdaq, a tech-heavy index, added 0.96%.
The stock of maker of Ugg footwear has fallen by 14.38% in the past month, lagging the Retail-Wholesale sector's loss of 9.35% and the S&P 500's loss of 1.96%.
The investment community will be paying close attention to the earnings performance of Deckers in its upcoming release. The company is expected to report EPS of $1.82, unchanged from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $1.51 billion, showing a 5.58% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $7.5 per share and revenue of $5.9 billion. These totals would mark changes of +6.84% and +7.88%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Deckers. These revisions help to show the ever-changing nature of near-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 exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
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. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, Deckers holds a Zacks Rank of #3 (Hold).
Looking at its valuation, Deckers is holding a Forward P/E ratio of 10.65. Its industry sports an average Forward P/E of 15.08, so one might conclude that Deckers is trading at a discount comparatively.
Also, we should mention that DECK has a PEG ratio of 1.24. 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 1.19 based on yesterday's closing prices.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 81, placing it within the top 33% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Deckers (DECK) Beats Stock Market Upswing: What Investors Need to Know
Deckers (DECK - Free Report) closed the most recent trading day at $81.27, moving +1.74% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.86%. Meanwhile, the Dow gained 0.98%, and the Nasdaq, a tech-heavy index, added 0.96%.
The stock of maker of Ugg footwear has fallen by 14.38% in the past month, lagging the Retail-Wholesale sector's loss of 9.35% and the S&P 500's loss of 1.96%.
The investment community will be paying close attention to the earnings performance of Deckers in its upcoming release. The company is expected to report EPS of $1.82, unchanged from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $1.51 billion, showing a 5.58% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $7.5 per share and revenue of $5.9 billion. These totals would mark changes of +6.84% and +7.88%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Deckers. These revisions help to show the ever-changing nature of near-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 exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
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. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, Deckers holds a Zacks Rank of #3 (Hold).
Looking at its valuation, Deckers is holding a Forward P/E ratio of 10.65. Its industry sports an average Forward P/E of 15.08, so one might conclude that Deckers is trading at a discount comparatively.
Also, we should mention that DECK has a PEG ratio of 1.24. 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 1.19 based on yesterday's closing prices.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 81, placing it within the top 33% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.