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Crocs (CROX) Gains As Market Dips: What You Should Know
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Crocs (CROX - Free Report) closed at $107.13 in the latest trading session, marking a +0.05% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.04%. At the same time, the Dow lost 0.22%, and the tech-heavy Nasdaq gained 2.93%.
Heading into today, shares of the footwear company had lost 6.34% over the past month, lagging the Consumer Discretionary sector's gain of 5.35% and the S&P 500's gain of 4.22% in that time.
Crocs will be looking to display strength as it nears its next earnings release. On that day, Crocs is projected to report earnings of $2.95 per share, which would represent a year-over-year decline of 8.95%. Our most recent consensus estimate is calling for quarterly revenue of $1.04 billion, up 8.2% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $11.53 per share and revenue of $4.02 billion. These totals would mark changes of +5.59% and +13.11%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Crocs. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.06% lower. Crocs is currently a Zacks Rank #3 (Hold).
In terms of valuation, Crocs is currently trading at a Forward P/E ratio of 9.29. For comparison, its industry has an average Forward P/E of 10.74, which means Crocs is trading at a discount to the group.
Meanwhile, CROX's PEG ratio is currently 0.62. 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 was holding an average PEG ratio of 1.14 at yesterday's closing price.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 176, 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Crocs (CROX) Gains As Market Dips: What You Should Know
Crocs (CROX - Free Report) closed at $107.13 in the latest trading session, marking a +0.05% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.04%. At the same time, the Dow lost 0.22%, and the tech-heavy Nasdaq gained 2.93%.
Heading into today, shares of the footwear company had lost 6.34% over the past month, lagging the Consumer Discretionary sector's gain of 5.35% and the S&P 500's gain of 4.22% in that time.
Crocs will be looking to display strength as it nears its next earnings release. On that day, Crocs is projected to report earnings of $2.95 per share, which would represent a year-over-year decline of 8.95%. Our most recent consensus estimate is calling for quarterly revenue of $1.04 billion, up 8.2% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $11.53 per share and revenue of $4.02 billion. These totals would mark changes of +5.59% and +13.11%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Crocs. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.06% lower. Crocs is currently a Zacks Rank #3 (Hold).
In terms of valuation, Crocs is currently trading at a Forward P/E ratio of 9.29. For comparison, its industry has an average Forward P/E of 10.74, which means Crocs is trading at a discount to the group.
Meanwhile, CROX's PEG ratio is currently 0.62. 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 was holding an average PEG ratio of 1.14 at yesterday's closing price.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 176, 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.
You can find more information on all of these metrics, and much more, on Zacks.com.