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Deckers (DECK) Beats Stock Market Upswing: What Investors Need to Know
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In the latest trading session, Deckers (DECK - Free Report) closed at $79.57, marking a +1.83% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.2%. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq increased by 0.04%.
Coming into today, shares of the maker of Ugg footwear had lost 6.71% in the past month. In that same time, the Retail-Wholesale sector lost 5.49%, while the S&P 500 lost 0.35%.
Analysts and investors alike will be keeping a close eye on the performance of Deckers in its upcoming earnings disclosure. The company is expected to report EPS of $1.82, unchanged 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.
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 might also notice recent changes to analyst estimates for Deckers. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Deckers is currently a Zacks Rank #2 (Buy).
Investors should also note Deckers's current valuation metrics, including its Forward P/E ratio of 10.41. Its industry sports an average Forward P/E of 13.88, so one might conclude that Deckers is trading at a discount comparatively.
One should further note that DECK currently holds a PEG ratio of 1.21. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Retail - Apparel and Shoes stocks are, on average, holding a PEG ratio of 1.18 based on yesterday's closing prices.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 89, which puts it in the top 37% 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.
To follow DECK in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Deckers (DECK) Beats Stock Market Upswing: What Investors Need to Know
In the latest trading session, Deckers (DECK - Free Report) closed at $79.57, marking a +1.83% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.2%. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq increased by 0.04%.
Coming into today, shares of the maker of Ugg footwear had lost 6.71% in the past month. In that same time, the Retail-Wholesale sector lost 5.49%, while the S&P 500 lost 0.35%.
Analysts and investors alike will be keeping a close eye on the performance of Deckers in its upcoming earnings disclosure. The company is expected to report EPS of $1.82, unchanged 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.
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 might also notice recent changes to analyst estimates for Deckers. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Deckers is currently a Zacks Rank #2 (Buy).
Investors should also note Deckers's current valuation metrics, including its Forward P/E ratio of 10.41. Its industry sports an average Forward P/E of 13.88, so one might conclude that Deckers is trading at a discount comparatively.
One should further note that DECK currently holds a PEG ratio of 1.21. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Retail - Apparel and Shoes stocks are, on average, holding a PEG ratio of 1.18 based on yesterday's closing prices.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 89, which puts it in the top 37% 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.
To follow DECK in the coming trading sessions, be sure to utilize Zacks.com.