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Crocs (CROX) Stock Sinks As Market Gains: What You Should Know
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Crocs (CROX - Free Report) closed at $76.42 in the latest trading session, marking a -1.66% move from the prior day. This move lagged the S&P 500's daily gain of 1.19%. At the same time, the Dow added 1.34%, and the tech-heavy Nasdaq lost 0.18%.
Heading into today, shares of the footwear company had gained 16.49% over the past month, outpacing the Consumer Discretionary sector's loss of 2.57% and the S&P 500's loss of 0.84% in that time.
Crocs will be looking to display strength as it nears 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. Meanwhile, our latest consensus estimate is calling for revenue of $942.24 million, up 50.54% from the prior-year quarter.
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 should also note any recent changes to analyst estimates for Crocs. These revisions help to show the ever-changing nature of 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. Crocs is currently a Zacks Rank #1 (Strong Buy).
In terms of valuation, Crocs is currently trading at a Forward P/E ratio of 7.74. This represents a discount compared to its industry's average Forward P/E of 10.01.
It is also worth noting that CROX currently has a PEG ratio of 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. The Textile - Apparel industry currently had an average PEG ratio of 1.26 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 174, which puts it in the bottom 31% 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.
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Crocs (CROX) Stock Sinks As Market Gains: What You Should Know
Crocs (CROX - Free Report) closed at $76.42 in the latest trading session, marking a -1.66% move from the prior day. This move lagged the S&P 500's daily gain of 1.19%. At the same time, the Dow added 1.34%, and the tech-heavy Nasdaq lost 0.18%.
Heading into today, shares of the footwear company had gained 16.49% over the past month, outpacing the Consumer Discretionary sector's loss of 2.57% and the S&P 500's loss of 0.84% in that time.
Crocs will be looking to display strength as it nears 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. Meanwhile, our latest consensus estimate is calling for revenue of $942.24 million, up 50.54% from the prior-year quarter.
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 should also note any recent changes to analyst estimates for Crocs. These revisions help to show the ever-changing nature of 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. Crocs is currently a Zacks Rank #1 (Strong Buy).
In terms of valuation, Crocs is currently trading at a Forward P/E ratio of 7.74. This represents a discount compared to its industry's average Forward P/E of 10.01.
It is also worth noting that CROX currently has a PEG ratio of 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. The Textile - Apparel industry currently had an average PEG ratio of 1.26 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 174, which puts it in the bottom 31% 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.