Zacks Industry Outlook Highlights
This report identifies the best stocks in the top ranked industries. Featured in the latest report is the shoes and related apparel industry with a focus on the following stocks: Deckers Outdoor Corporation Deckers Outdoor Corporation is a footwear manufacturer based in Goleta, California, United States. market for over the counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DECK), K Swiss Inc. (NASDAQ:KSWS), NIKE, Inc. (NYSE NYSE
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Here are details on the stocks featured in the latest Industry Outlook.
Deckers Outdoor Corporation (NASDAQ:DECK) reported second quarter earnings per share of 21 cents late last month, which exceeded the consensus by as much as 250%. Deckers Outdoor now expects full year earnings per share between $2.39 and $2.45, up from the previous guidance of between $2.21 and $2.29. Furthermore, the revenue expectation was raised to between $272 million and $278 million.
K Swiss Inc. (NASDAQ:KSWS) posted second quarter earnings per share that rose 23.4% year over year to 58 cents, which beat Wall Street expectations by almost 29%. Total worldwide revenues came to $124.2 million, slipping slightly by 1.8% from the previous year. Domestic revenues declined by 14.7% but international sales jumped 37.3%. For the full year, K Swiss expects earnings per share between $1.90 and $2 on revenues of about $470 million to $480 million.
NIKE, Inc. (NYSE:NKE) reported strong earnings growth and record revenues for fiscal year 2006 in late June. Earnings per share advanced 18% to $5.28 from $4.48, while revenues increased 9% to $15 billion from $13.7 billion. Excluding a charge, fiscal fourth quarter earnings per share reached $1.39, compared to $1.30 a year earlier and above the consensus by 5.3%. Revenues in the quarter moved forward 8% to $4 billion from $3.7 billion.
Wolverine World Wide, Inc. (NYSE:WWW) raised its guidance for 2006. Earnings per share are now expected between $1.38 and $1.42 while revenue is anticipated between $1.12 billion and $1.14 billion. The first half of 2006 was strong for Wolverine World Wide, as all four of its major branded footwear groups reported double digit profit improvements, excluding investment spending for new growth initiatives. For its second quarter, the company achieved its 16th straight quarter of record earnings per share and revenue.
About Zacks Industry Outlook
These stocks featured above have a Zacks Rank of 1 ("Strong Buy") or 2 ("Buy") and a Zacks Equity Research rating of "Buy". The Zacks Rank is a quantitative indicator designed to cover periods of 1 3 months. Zacks Equity Research recommendations are based on both quantitative and qualitative factors and are intended to cover periods of 3 6 quarters.
Since 1988, the Zacks Rank has proven that "Earnings estimate revisions are the most powerful force impacting stock prices." A $10,000 investment in the Zacks Rank list made in 1988 would now be worth $1.82 million equivalent to a 33% annualized annualized
Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on t nike free australia his basis that these two variables are ordinarily stated and compared. return! During the 2000 2002 bear market, Zacks 1 Rank stocks gained 43.8%, while the S 500 tumbled 37.6%. Also note that the Zacks Rank system has just as many Strong Sell recommendations (Rank 5) as Strong Buy recommendations (Rank 1). Since 1988, Zacks Rank 5 stocks have underperformed the S 500 by 129.7% annually (+5.2% vs. +11.9%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively. the market. Subscribe to Verb 1.