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Crocs (CROX) Stock Moves -0.69%: What You Should Know
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In the latest trading session, Crocs (CROX - Free Report) closed at $77.51, marking a -0.69% move from the previous day. This move was narrower than the S&P 500's daily loss of 2.37%. At the same time, the Dow lost 1.35%, and the tech-heavy Nasdaq lost 0.24%.
Prior to today's trading, shares of the footwear company had gained 0.83% over the past month. This has outpaced the Consumer Discretionary sector's loss of 9.74% and the S&P 500's loss of 6.51% in that time.
Investors will be hoping for strength from Crocs as it approaches its next earnings release, which is expected to be November 3, 2022. The company is expected to report EPS of $2.57, up 4.05% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $942.24 million, up 50.54% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $10.04 per share and revenue of $3.46 billion, which would represent changes of +20.67% and +49.73%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Crocs. These recent revisions tend to reflect the evolving nature of short-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 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 remained stagnant. Crocs currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Crocs has a Forward P/E ratio of 7.77 right now. This valuation marks a discount compared to its industry's average Forward P/E of 9.75.
Meanwhile, CROX's PEG ratio is currently 0.52. 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 1.23 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 156, which puts it in the bottom 39% 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 Moves -0.69%: What You Should Know
In the latest trading session, Crocs (CROX - Free Report) closed at $77.51, marking a -0.69% move from the previous day. This move was narrower than the S&P 500's daily loss of 2.37%. At the same time, the Dow lost 1.35%, and the tech-heavy Nasdaq lost 0.24%.
Prior to today's trading, shares of the footwear company had gained 0.83% over the past month. This has outpaced the Consumer Discretionary sector's loss of 9.74% and the S&P 500's loss of 6.51% in that time.
Investors will be hoping for strength from Crocs as it approaches its next earnings release, which is expected to be November 3, 2022. The company is expected to report EPS of $2.57, up 4.05% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $942.24 million, up 50.54% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $10.04 per share and revenue of $3.46 billion, which would represent changes of +20.67% and +49.73%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Crocs. These recent revisions tend to reflect the evolving nature of short-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 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 remained stagnant. Crocs currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Crocs has a Forward P/E ratio of 7.77 right now. This valuation marks a discount compared to its industry's average Forward P/E of 9.75.
Meanwhile, CROX's PEG ratio is currently 0.52. 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 1.23 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 156, which puts it in the bottom 39% 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.