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In the latest close session, Crocs (CROX - Free Report) was up +1.21% at $89.98. The stock's performance was ahead of the S&P 500's daily gain of 0.46%. Elsewhere, the Dow saw an upswing of 0.17%, while the tech-heavy Nasdaq appreciated by 0.57%.
The footwear company's stock has climbed by 10.67% in the past month, exceeding the Consumer Discretionary sector's gain of 3.1% and the S&P 500's gain of 4.22%.
The investment community will be paying close attention to the earnings performance of Crocs in its upcoming release. In that report, analysts expect Crocs to post earnings of $1.91 per share. This would mark a year-over-year decline of 24.21%. At the same time, our most recent consensus estimate is projecting a revenue of $918.53 million, reflecting a 7.2% fall from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $12.13 per share and revenue of $4 billion. These totals would mark changes of -7.9% and -2.45%, respectively, from last year.
It is also important to note the 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 business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. As of now, Crocs holds a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Crocs is currently exchanging hands at a Forward P/E ratio of 7.33. This indicates a discount in contrast to its industry's Forward P/E of 18.33.
The Textile - Apparel industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 84, positioning it in the top 35% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Crocs (CROX) Rises Higher Than Market: Key Facts
In the latest close session, Crocs (CROX - Free Report) was up +1.21% at $89.98. The stock's performance was ahead of the S&P 500's daily gain of 0.46%. Elsewhere, the Dow saw an upswing of 0.17%, while the tech-heavy Nasdaq appreciated by 0.57%.
The footwear company's stock has climbed by 10.67% in the past month, exceeding the Consumer Discretionary sector's gain of 3.1% and the S&P 500's gain of 4.22%.
The investment community will be paying close attention to the earnings performance of Crocs in its upcoming release. In that report, analysts expect Crocs to post earnings of $1.91 per share. This would mark a year-over-year decline of 24.21%. At the same time, our most recent consensus estimate is projecting a revenue of $918.53 million, reflecting a 7.2% fall from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $12.13 per share and revenue of $4 billion. These totals would mark changes of -7.9% and -2.45%, respectively, from last year.
It is also important to note the 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 business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. As of now, Crocs holds a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Crocs is currently exchanging hands at a Forward P/E ratio of 7.33. This indicates a discount in contrast to its industry's Forward P/E of 18.33.
The Textile - Apparel industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 84, positioning it in the top 35% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.