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Crocs (CROX - Free Report) is a Zacks Rank #1 (Strong Buy) and it sports a B for Value and a B for Growth. Crox has really come full circle, as it started out as a fad and then was really over exposed. It kind of fell off the radar, but now Crox is making a comeback of sorts. Let’s explore more about this company in this Bull of The Day article.
Description
Crocs, Inc., together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children. The company sells its products in approximately 85 countries through wholesalers, retail stores, e-commerce sites, and third-party marketplaces. As of December 31, 2021, it had 193 outlet stores, 107 retail stores, 373 company-operated stores, 73 kiosks and store-in-stores, and 14 company-operated e-commerce sites. The company serves in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Crocs, Inc. was founded in 1999 and is headquartered in Broomfield, Colorado.
Earnings History
When I look at a stock, the first thing I do is look to see if the company is beating the number. This tells me right away where the market’s expectations have been for the company and how management has communicated to the market. A stock that consistently beats has management communicating expectations to Wall Street that can be achieved. That is what you want to see.
For CROX, I see four straight beats of the Zacks Consensus Estimate. That is great to see, but by itself that is not enough to make the company a Zacks Rank #1 (Strong Buy).
The average positive earnings surprise over the course of the last year works out to be 21%.
Earnings Estimates Revisions
The Zacks Rank tells us which stocks are seeing earnings estimates move higher.
Over the last 60 days, earning estimates have moved up for ELF.
This quarter has dropped by a cent to $2.57.
Next quarter has also fallen by a penny to $2.17.
The full fiscal year 2022 has increased from $10.06 to $10.04.
Next fiscal year has seen the estimate move from $10.83 to $10.68.
Positive movement in earnings stock is a Zacks Rank #1 (Strong Buy).
Valuation
The valuation for this name is somewhat mixed. I see the forward earnings multiple works out to be 7.7x and that is very low for a name that has posted topline growth of 50% in the most recent quarter. Price to book comes in a 9.7x which is a little high.
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Bull Of The Day: Crocs (CROX)
Crocs (CROX - Free Report) is a Zacks Rank #1 (Strong Buy) and it sports a B for Value and a B for Growth. Crox has really come full circle, as it started out as a fad and then was really over exposed. It kind of fell off the radar, but now Crox is making a comeback of sorts. Let’s explore more about this company in this Bull of The Day article.
Description
Crocs, Inc., together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children. The company sells its products in approximately 85 countries through wholesalers, retail stores, e-commerce sites, and third-party marketplaces. As of December 31, 2021, it had 193 outlet stores, 107 retail stores, 373 company-operated stores, 73 kiosks and store-in-stores, and 14 company-operated e-commerce sites. The company serves in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Crocs, Inc. was founded in 1999 and is headquartered in Broomfield, Colorado.
Earnings History
When I look at a stock, the first thing I do is look to see if the company is beating the number. This tells me right away where the market’s expectations have been for the company and how management has communicated to the market. A stock that consistently beats has management communicating expectations to Wall Street that can be achieved. That is what you want to see.
For CROX, I see four straight beats of the Zacks Consensus Estimate. That is great to see, but by itself that is not enough to make the company a Zacks Rank #1 (Strong Buy).
The average positive earnings surprise over the course of the last year works out to be 21%.
Earnings Estimates Revisions
The Zacks Rank tells us which stocks are seeing earnings estimates move higher.
Over the last 60 days, earning estimates have moved up for ELF.
This quarter has dropped by a cent to $2.57.
Next quarter has also fallen by a penny to $2.17.
The full fiscal year 2022 has increased from $10.06 to $10.04.
Next fiscal year has seen the estimate move from $10.83 to $10.68.
Positive movement in earnings stock is a Zacks Rank #1 (Strong Buy).
Valuation
The valuation for this name is somewhat mixed. I see the forward earnings multiple works out to be 7.7x and that is very low for a name that has posted topline growth of 50% in the most recent quarter. Price to book comes in a 9.7x which is a little high.