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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 $116.80, moving -0.17% from the previous trading session. This change lagged the S&P 500's 0.75% gain on the day.
Prior to today's trading, shares of the footwear company had gained 15.81% over the past month. This has outpaced the Consumer Discretionary sector's gain of 10.93% and the S&P 500's gain of 2.91% in that time.
Investors will be hoping for strength from CROX as it approaches its next earnings release. In that report, analysts expect CROX to post earnings of $1.50 per share. This would mark year-over-year growth of 48.51%. Our most recent consensus estimate is calling for quarterly revenue of $554.13 million, up 67.13% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.70 per share and revenue of $2.04 billion, which would represent changes of +77.02% and +47.08%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for CROX. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for 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, 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.35% higher. CROX is currently a Zacks Rank #2 (Buy).
Digging into valuation, CROX currently has a Forward P/E ratio of 20.53. This represents a premium compared to its industry's average Forward P/E of 19.98.
Meanwhile, CROX's PEG ratio is currently 1.37. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Textile - Apparel industry currently had an average PEG ratio of 1.37 as of yesterday's close.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 39, putting it in the top 16% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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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 $116.80, moving -0.17% from the previous trading session. This change lagged the S&P 500's 0.75% gain on the day.
Prior to today's trading, shares of the footwear company had gained 15.81% over the past month. This has outpaced the Consumer Discretionary sector's gain of 10.93% and the S&P 500's gain of 2.91% in that time.
Investors will be hoping for strength from CROX as it approaches its next earnings release. In that report, analysts expect CROX to post earnings of $1.50 per share. This would mark year-over-year growth of 48.51%. Our most recent consensus estimate is calling for quarterly revenue of $554.13 million, up 67.13% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.70 per share and revenue of $2.04 billion, which would represent changes of +77.02% and +47.08%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for CROX. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for 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, 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.35% higher. CROX is currently a Zacks Rank #2 (Buy).
Digging into valuation, CROX currently has a Forward P/E ratio of 20.53. This represents a premium compared to its industry's average Forward P/E of 19.98.
Meanwhile, CROX's PEG ratio is currently 1.37. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Textile - Apparel industry currently had an average PEG ratio of 1.37 as of yesterday's close.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 39, putting it in the top 16% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.