Shares have been on a tear year-to-date, gaining 32% and widely outperforming on the back of positive quarterly results stemming from brand momentum. Zacks Earnings ESP (Expected Surprise Prediction) finds companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is generally more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. Zacks Investment ResearchImage Source: Zacks Investment ...

Key Takeaways Major U.S. equities indexes climbed Wednesday as Federal Reserve Chair Jerome Powell wrapped up a twoday stint of Congressional testimony. The S&P 500 added 1% in the midweek session, posting a record closing high for the sixth consecutive session and crossing the 5,600-point milestone for the first time. Outperformance in the tech sector helped lift the Nasdaq 1.2%, extending that index's streak of record closes to seven trading days. The Dow posted a gain of 1.1%. CarMax (KMX) shares drove 6 ...

The jury is still out A research note predicts a drop in sales during June. Data research firm M Science noted that its data showed a deceleration in sales for Hoka and Ugg brands during June. This wouldn't be particularly surprising given the slowdown reported by Nike last quarter and week guidance Nike for its fiscal first quarter. Consumers have been pinched by higher inflation and slow wage growth, which ultimately will lead to less discretionary spending on items like high-end shoes from Hoka. Shares a ...

In the latest market close, Deckers (DECK) reached $939.05, with a -1.43% movement compared to the previous day. The stock's performance was behind the S&P 500's daily gain of 0.07%. Meanwhile, the Dow lost 0.13%, and the Nasdaq, a tech-heavy index, added 0.14%. The upcoming earnings release of Deckers will be of great interest to investors. The company's earnings per share (EPS) are projected to be $3.50, reflecting a 45.23% increase from the same quarter last year. Meanwhile, the latest consensus estimate ...

Everyone needs sneakers, and there's plenty of competition in the industry. However, newer companies like Deckers Outdoor (NYSE:DECK) are gaining market share from their larger rivals. You may not know the company by its corporate name, but you may have heard of Hoka and Ugg. Deckers Outdoor is the parent company of those brands. Marc Guberti is a finance freelance writer at InvestorPlace.com who hosts the Breakthrough Success Podcast. He has contributed to several publications, including the U.S. News & Wo ...

It's also important for investors to be aware of any recent modifications to analyst estimates for Deckers. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Meanwhile, DECK's PEG ratio is currently 3.31. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The av ...

In March, GQ released its list of the 20 most creative companies worldwide. I'm going to turn those into top stock picks for the second half of 2024 and beyond. The names on the list I won't recommend include Tesla (NASDAQ:TSLA), Prada (OTCMKTS:PRDSY), Nintendo (OTCMKTS:NTDOY), Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT). That's three from Magnificent Seven and two other popular consumer brands. New York Times Co. (NYT) "We think the Times should be the essential subscription for every curious English-s ...

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 the stock of maker of Ugg footwear has risen by 12.93% in the past month, leading the Retail-Wholesale sector's loss of 0.1% and the S&P 500's gain of 3.59%. Any recent changes to analyst estimates for Deckers should also be noted by i ...

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movemen ...

Deckers (DECK) closed the latest trading day at $1,030.16, indicating a -0.9% change from the previous session's end. The stock's change was less than the S&P 500's daily gain of 0.23%. On the other hand, the Dow registered a loss of 0.17%, and the technology-centric Nasdaq increased by 0.34%. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and ...