We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Crocs (CROX) Dips More Than Broader Markets: What You Should Know
Read MoreHide Full Article
Crocs (CROX - Free Report) closed at $117.06 in the latest trading session, marking a -0.47% move from the prior day. This change lagged the S&P 500's daily loss of 0.35%.
Coming into today, shares of the footwear company had gained 4.47% in the past month. In that same time, the Consumer Discretionary sector lost 0.52%, while the S&P 500 gained 3.36%.
CROX will be looking to display strength as it nears its next earnings release, which is expected to be July 22, 2021. On that day, CROX is projected to report earnings of $1.50 per share, which would represent year-over-year growth of 48.51%. Meanwhile, our latest consensus estimate is calling for revenue of $554.13 million, up 67.13% from the prior-year quarter.
CROX's full-year Zacks Consensus Estimates are calling for earnings of $5.70 per share and revenue of $2.04 billion. These results would represent year-over-year changes of +77.02% and +47.08%, respectively.
Investors might also notice recent changes to analyst estimates for CROX. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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 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. Within the past 30 days, our consensus EPS projection has moved 0.35% higher. CROX is currently a Zacks Rank #2 (Buy).
Investors should also note CROX's current valuation metrics, including its Forward P/E ratio of 20.64. This valuation marks a premium compared to its industry's average Forward P/E of 19.59.
It is also worth noting that CROX currently has a PEG ratio of 1.38. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. CROX's industry had an average PEG ratio of 1.31 as of yesterday's close.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 43, which puts it in the top 17% 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Crocs (CROX) Dips More Than Broader Markets: What You Should Know
Crocs (CROX - Free Report) closed at $117.06 in the latest trading session, marking a -0.47% move from the prior day. This change lagged the S&P 500's daily loss of 0.35%.
Coming into today, shares of the footwear company had gained 4.47% in the past month. In that same time, the Consumer Discretionary sector lost 0.52%, while the S&P 500 gained 3.36%.
CROX will be looking to display strength as it nears its next earnings release, which is expected to be July 22, 2021. On that day, CROX is projected to report earnings of $1.50 per share, which would represent year-over-year growth of 48.51%. Meanwhile, our latest consensus estimate is calling for revenue of $554.13 million, up 67.13% from the prior-year quarter.
CROX's full-year Zacks Consensus Estimates are calling for earnings of $5.70 per share and revenue of $2.04 billion. These results would represent year-over-year changes of +77.02% and +47.08%, respectively.
Investors might also notice recent changes to analyst estimates for CROX. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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 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. Within the past 30 days, our consensus EPS projection has moved 0.35% higher. CROX is currently a Zacks Rank #2 (Buy).
Investors should also note CROX's current valuation metrics, including its Forward P/E ratio of 20.64. This valuation marks a premium compared to its industry's average Forward P/E of 19.59.
It is also worth noting that CROX currently has a PEG ratio of 1.38. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. CROX's industry had an average PEG ratio of 1.31 as of yesterday's close.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 43, which puts it in the top 17% 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.