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Here is Why Growth Investors Should Buy Deckers (DECK) Now
DECKDeckers(DECK) ZACKS·2024-10-29 17:46

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying stocks that can fulfill their growth potential is challenging due to associated risks and volatility [1] Group 1: Company Overview - Deckers (DECK) is currently highlighted as a promising growth stock, supported by a favorable Growth Score and a top Zacks Rank [2] - The historical EPS growth rate for Deckers stands at 28.7%, with projected EPS growth of 12.2% this year, surpassing the industry average of 11.5% [4] - The company has demonstrated a year-over-year cash flow growth of 49.7%, significantly higher than the industry average of -10.7% [5] Group 2: Financial Metrics - Cash flow growth is crucial for growth-oriented companies, and Deckers has an annualized cash flow growth rate of 21.7% over the past 3-5 years, compared to the industry average of 5.1% [6] - The Zacks Consensus Estimate for Deckers' current-year earnings has increased by 4.6% over the past month, indicating a positive trend in earnings estimate revisions [8] Group 3: Investment Potential - The combination of a strong Growth Score of A and a Zacks Rank of 2 positions Deckers favorably for potential outperformance, making it an attractive option for growth investors [9]