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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 $77.12 in the latest trading session, marking a -3.98% move from the prior day. This change lagged the S&P 500's 0.44% gain on the day. Elsewhere, the Dow gained 0.14%, while the tech-heavy Nasdaq added 0.7%.
The footwear company's shares have seen a decrease of 7.21% over the last month, not keeping up with the Consumer Discretionary sector's gain of 1.92% and the S&P 500's gain of 4.03%.
Market participants will be closely following the financial results of Crocs in its upcoming release. It is anticipated that the company will report an EPS of $2.38, marking a 33.89% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $963.85 million, down 9.26% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $11.55 per share and a revenue of $3.99 billion, representing changes of -12.3% and -2.69%, 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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.1% lower. Crocs presently features a Zacks Rank of #5 (Strong Sell).
Looking at its valuation, Crocs is holding a Forward P/E ratio of 6.95. For comparison, its industry has an average Forward P/E of 16.13, which means Crocs is trading at a discount to the group.
We can also see that CROX currently has a PEG ratio of 1.85. 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 2.38 as of yesterday's close.
The Textile - Apparel industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 165, this industry ranks in the bottom 34% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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 at $77.12 in the latest trading session, marking a -3.98% move from the prior day. This change lagged the S&P 500's 0.44% gain on the day. Elsewhere, the Dow gained 0.14%, while the tech-heavy Nasdaq added 0.7%.
The footwear company's shares have seen a decrease of 7.21% over the last month, not keeping up with the Consumer Discretionary sector's gain of 1.92% and the S&P 500's gain of 4.03%.
Market participants will be closely following the financial results of Crocs in its upcoming release. It is anticipated that the company will report an EPS of $2.38, marking a 33.89% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $963.85 million, down 9.26% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $11.55 per share and a revenue of $3.99 billion, representing changes of -12.3% and -2.69%, 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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.1% lower. Crocs presently features a Zacks Rank of #5 (Strong Sell).
Looking at its valuation, Crocs is holding a Forward P/E ratio of 6.95. For comparison, its industry has an average Forward P/E of 16.13, which means Crocs is trading at a discount to the group.
We can also see that CROX currently has a PEG ratio of 1.85. 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 2.38 as of yesterday's close.
The Textile - Apparel industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 165, this industry ranks in the bottom 34% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.