Deckers (DECK - Free Report) closed the most recent trading day at $154.22, moving +1.39% from the previous trading session. This change outpaced the S&P 500's 0.28% loss on the day. Elsewhere, the Dow gained 0.02%, while the tech-heavy Nasdaq lost 1.61%.
Prior to today's trading, shares of the maker of Ugg footwear had lost 4.1% over the past month. This has was narrower than the Consumer Discretionary sector's loss of 6.79% and the S&P 500's loss of 6.3% in that time.
Investors will be hoping for strength from DECK as it approaches its next earnings release. In that report, analysts expect DECK to post earnings of -$1.15 per share. This would mark a year-over-year decline of 17.35%. Meanwhile, our latest consensus estimate is calling for revenue of $259.94 million, up 3.73% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $8.45 per share and revenue of $2.12 billion. These totals would mark changes of -4.41% and +5.04%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for DECK. 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 company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 1.34% higher. DECK is currently sporting a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that DECK has a Forward P/E ratio of 18 right now. For comparison, its industry has an average Forward P/E of 13.33, which means DECK is trading at a premium to the group.
Also, we should mention that DECK has a PEG ratio of 1.55. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Shoes and Retail Apparel stocks are, on average, holding a PEG ratio of 1.6 based on yesterday's closing prices.
The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 69, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the 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.