We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Deckers (DECK - Free Report) closed at $79.71 in the latest trading session, marking a +2.24% move from the prior day. This change outpaced the S&P 500's 1.14% gain on the day. Elsewhere, the Dow gained 0.61%, while the tech-heavy Nasdaq added 1.69%.
Prior to today's trading, shares of the maker of Ugg footwear had lost 14.86% lagged the Retail-Wholesale sector's loss of 8.01% and the S&P 500's loss of 2.85%.
The investment community will be closely monitoring the performance of Deckers in its forthcoming earnings report. 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.
For the full year, the Zacks Consensus Estimates are projecting earnings of $7.5 per share and revenue of $5.9 billion, which would represent changes of +6.84% and +7.88%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Deckers. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Deckers is currently sporting a Zacks Rank of #2 (Buy).
Looking at valuation, Deckers is presently trading at a Forward P/E ratio of 10.33. For comparison, its industry has an average Forward P/E of 14.35, which means Deckers is trading at a discount to the group.
Investors should also note that DECK has a PEG ratio of 1.2 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Retail - Apparel and Shoes industry was having an average PEG ratio of 1.18.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 73, finds itself in the top 30% echelons of all 250+ industries.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Deckers (DECK) Laps the Stock Market: Here's Why
Deckers (DECK - Free Report) closed at $79.71 in the latest trading session, marking a +2.24% move from the prior day. This change outpaced the S&P 500's 1.14% gain on the day. Elsewhere, the Dow gained 0.61%, while the tech-heavy Nasdaq added 1.69%.
Prior to today's trading, shares of the maker of Ugg footwear had lost 14.86% lagged the Retail-Wholesale sector's loss of 8.01% and the S&P 500's loss of 2.85%.
The investment community will be closely monitoring the performance of Deckers in its forthcoming earnings report. 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.
For the full year, the Zacks Consensus Estimates are projecting earnings of $7.5 per share and revenue of $5.9 billion, which would represent changes of +6.84% and +7.88%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Deckers. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Deckers is currently sporting a Zacks Rank of #2 (Buy).
Looking at valuation, Deckers is presently trading at a Forward P/E ratio of 10.33. For comparison, its industry has an average Forward P/E of 14.35, which means Deckers is trading at a discount to the group.
Investors should also note that DECK has a PEG ratio of 1.2 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Retail - Apparel and Shoes industry was having an average PEG ratio of 1.18.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 73, finds itself in the top 30% echelons of all 250+ industries.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.