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In the latest close session, Crocs (CROX - Free Report) was up +2.48% at $83.76. The stock outperformed the S&P 500, which registered a daily gain of 0.26%. Elsewhere, the Dow saw an upswing of 0.15%, while the tech-heavy Nasdaq appreciated by 0.48%.
Shares of the footwear company have depreciated by 6.27% over the course of the past month, underperforming the Consumer Discretionary sector's loss of 0.21%, and the S&P 500's gain of 2.87%.
Analysts and investors alike will be keeping a close eye on the performance of Crocs in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $2.38, reflecting a 33.89% decrease from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $964.05 million, down 9.24% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $11.55 per share and a revenue of $3.99 billion, signifying shifts of -12.3% and -2.69%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Crocs. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.1% lower. Crocs is currently sporting a Zacks Rank of #5 (Strong Sell).
From a valuation perspective, Crocs is currently exchanging hands at a Forward P/E ratio of 7.07. This indicates a discount in contrast to its industry's Forward P/E of 15.29.
We can also see that CROX currently has a PEG ratio of 1.88. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Textile - Apparel industry stood at 2.26 at the close of the market yesterday.
The Textile - Apparel industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 177, positioning it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Why Crocs (CROX) Outpaced the Stock Market Today
In the latest close session, Crocs (CROX - Free Report) was up +2.48% at $83.76. The stock outperformed the S&P 500, which registered a daily gain of 0.26%. Elsewhere, the Dow saw an upswing of 0.15%, while the tech-heavy Nasdaq appreciated by 0.48%.
Shares of the footwear company have depreciated by 6.27% over the course of the past month, underperforming the Consumer Discretionary sector's loss of 0.21%, and the S&P 500's gain of 2.87%.
Analysts and investors alike will be keeping a close eye on the performance of Crocs in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $2.38, reflecting a 33.89% decrease from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $964.05 million, down 9.24% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $11.55 per share and a revenue of $3.99 billion, signifying shifts of -12.3% and -2.69%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Crocs. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.1% lower. Crocs is currently sporting a Zacks Rank of #5 (Strong Sell).
From a valuation perspective, Crocs is currently exchanging hands at a Forward P/E ratio of 7.07. This indicates a discount in contrast to its industry's Forward P/E of 15.29.
We can also see that CROX currently has a PEG ratio of 1.88. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Textile - Apparel industry stood at 2.26 at the close of the market yesterday.
The Textile - Apparel industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 177, positioning it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.