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Deckers (DECK) Declines More Than Market: Some Information for Investors
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Deckers (DECK - Free Report) closed the most recent trading day at $78.59, moving -1.55% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.76%. At the same time, the Dow lost 0.68%, and the tech-heavy Nasdaq lost 1.13%.
The stock of maker of Ugg footwear has fallen by 10.04% in the past month, lagging the Retail-Wholesale sector's loss of 3.45% and the S&P 500's gain of 1.26%.
Investors will be eagerly watching for the performance of Deckers in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.82, indicating constancy compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $1.51 billion, indicating a 5.58% growth compared to the corresponding quarter of the prior year.
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's also important for investors to be aware of any recent modifications to analyst estimates for Deckers. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, Deckers possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Deckers is currently trading at a Forward P/E ratio of 10.64. This valuation marks a discount compared to its industry average Forward P/E of 14.21.
One should further note that DECK currently holds a PEG ratio of 1.24. 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 1.17 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 100, putting it in the top 41% 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.
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) Declines More Than Market: Some Information for Investors
Deckers (DECK - Free Report) closed the most recent trading day at $78.59, moving -1.55% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.76%. At the same time, the Dow lost 0.68%, and the tech-heavy Nasdaq lost 1.13%.
The stock of maker of Ugg footwear has fallen by 10.04% in the past month, lagging the Retail-Wholesale sector's loss of 3.45% and the S&P 500's gain of 1.26%.
Investors will be eagerly watching for the performance of Deckers in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.82, indicating constancy compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $1.51 billion, indicating a 5.58% growth compared to the corresponding quarter of the prior year.
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's also important for investors to be aware of any recent modifications to analyst estimates for Deckers. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, Deckers possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Deckers is currently trading at a Forward P/E ratio of 10.64. This valuation marks a discount compared to its industry average Forward P/E of 14.21.
One should further note that DECK currently holds a PEG ratio of 1.24. 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 1.17 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 100, putting it in the top 41% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.