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Crocs (CROX) Gains But Lags Market: What You Should Know
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Crocs (CROX - Free Report) closed the most recent trading day at $17.87, moving +0.62% from the previous trading session. This move lagged the S&P 500's daily gain of 0.95%. Elsewhere, the Dow gained 0.94%, while the tech-heavy Nasdaq added 0.8%.
Heading into today, shares of the footwear company had lost 21.24% over the past month, lagging the Consumer Discretionary sector's gain of 1.89% and the S&P 500's gain of 2.47% in that time.
CROX will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.48, up 37.14% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $357.23 million, up 8.91% from the year-ago period.
CROX's full-year Zacks Consensus Estimates are calling for earnings of $1.25 per share and revenue of $1.16 billion. These results would represent year-over-year changes of +45.35% and +6.77%, respectively.
It is also important to note the recent changes to analyst estimates for CROX. Recent revisions tend to reflect the latest near-term business trends. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. CROX is currently sporting a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that CROX has a Forward P/E ratio of 14.27 right now. Its industry sports an average Forward P/E of 14.49, so we one might conclude that CROX is trading at a discount comparatively.
Also, we should mention that CROX has a PEG ratio of 0.95. 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. CROX's industry had an average PEG ratio of 1.43 as of yesterday's close.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 171, putting it in the bottom 34% 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.
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) Gains But Lags Market: What You Should Know
Crocs (CROX - Free Report) closed the most recent trading day at $17.87, moving +0.62% from the previous trading session. This move lagged the S&P 500's daily gain of 0.95%. Elsewhere, the Dow gained 0.94%, while the tech-heavy Nasdaq added 0.8%.
Heading into today, shares of the footwear company had lost 21.24% over the past month, lagging the Consumer Discretionary sector's gain of 1.89% and the S&P 500's gain of 2.47% in that time.
CROX will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.48, up 37.14% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $357.23 million, up 8.91% from the year-ago period.
CROX's full-year Zacks Consensus Estimates are calling for earnings of $1.25 per share and revenue of $1.16 billion. These results would represent year-over-year changes of +45.35% and +6.77%, respectively.
It is also important to note the recent changes to analyst estimates for CROX. Recent revisions tend to reflect the latest near-term business trends. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. CROX is currently sporting a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that CROX has a Forward P/E ratio of 14.27 right now. Its industry sports an average Forward P/E of 14.49, so we one might conclude that CROX is trading at a discount comparatively.
Also, we should mention that CROX has a PEG ratio of 0.95. 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. CROX's industry had an average PEG ratio of 1.43 as of yesterday's close.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 171, putting it in the bottom 34% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.