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Crocs (CROX) Stock Sinks As Market Gains: What You Should Know
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Crocs (CROX - Free Report) closed the most recent trading day at $28.18, moving -1.12% from the previous trading session. This change lagged the S&P 500's daily gain of 0.18%. Elsewhere, the Dow gained 0.24%, while the tech-heavy Nasdaq added 0.03%.
Prior to today's trading, shares of the footwear company had lost 0.84% over the past month. This has lagged the Consumer Discretionary sector's gain of 4.76% and the S&P 500's gain of 4.28% in that time.
Investors will be hoping for strength from CROX as it approaches its next earnings release, which is expected to be February 28, 2019. In that report, analysts expect CROX to post earnings of -$0.22 per share. This would mark year-over-year growth of 46.34%. Meanwhile, our latest consensus estimate is calling for revenue of $213.40 million, up 7.18% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for CROX. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. CROX is holding a Zacks Rank of #1 (Strong Buy) right now.
Investors should also note CROX's current valuation metrics, including its Forward P/E ratio of 27.06. This represents a premium compared to its industry's average Forward P/E of 15.19.
It is also worth noting that CROX currently has a PEG ratio of 1.8. 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. The Textile - Apparel was holding an average PEG ratio of 1.37 at yesterday's closing price.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 23, which puts it in the top 10% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Crocs (CROX) Stock Sinks As Market Gains: What You Should Know
Crocs (CROX - Free Report) closed the most recent trading day at $28.18, moving -1.12% from the previous trading session. This change lagged the S&P 500's daily gain of 0.18%. Elsewhere, the Dow gained 0.24%, while the tech-heavy Nasdaq added 0.03%.
Prior to today's trading, shares of the footwear company had lost 0.84% over the past month. This has lagged the Consumer Discretionary sector's gain of 4.76% and the S&P 500's gain of 4.28% in that time.
Investors will be hoping for strength from CROX as it approaches its next earnings release, which is expected to be February 28, 2019. In that report, analysts expect CROX to post earnings of -$0.22 per share. This would mark year-over-year growth of 46.34%. Meanwhile, our latest consensus estimate is calling for revenue of $213.40 million, up 7.18% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for CROX. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. CROX is holding a Zacks Rank of #1 (Strong Buy) right now.
Investors should also note CROX's current valuation metrics, including its Forward P/E ratio of 27.06. This represents a premium compared to its industry's average Forward P/E of 15.19.
It is also worth noting that CROX currently has a PEG ratio of 1.8. 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. The Textile - Apparel was holding an average PEG ratio of 1.37 at yesterday's closing price.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 23, which puts it in the top 10% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.