We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Crocs (CROX) Rises But Trails Market: What Investors Should Know
Read MoreHide Full Article
In the latest trading session, Crocs (CROX - Free Report) closed at $126.27, marking a +1.25% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 1.65% for the day. On the other hand, the Dow registered a gain of 0.92%, and the technology-centric Nasdaq increased by 3.07%.
Shares of the footwear company have appreciated by 31.36% over the course of the past month, outperforming the Consumer Discretionary sector's gain of 1.52%, and the S&P 500's gain of 0.48%.
Analysts and investors alike will be keeping a close eye on the performance of Crocs in its upcoming earnings disclosure. The company is forecasted to report an EPS of $4.3, showcasing a 1.65% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.15 billion, down 0.1% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $13.67 per share and a revenue of $4.08 billion, signifying shifts of +9.27% and +0.97%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Crocs. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Over the past month, the Zacks Consensus EPS estimate has shifted 0.02% downward. Crocs presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Crocs is presently being traded at a Forward P/E ratio of 9.12. This represents a discount compared to its industry average Forward P/E of 16.04.
Also, we should mention that CROX has a PEG ratio of 1.29. 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 had an average PEG ratio of 2.11 as trading concluded yesterday.
The Textile - Apparel industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 88, placing it within the top 37% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CROX in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Crocs (CROX) Rises But Trails Market: What Investors Should Know
In the latest trading session, Crocs (CROX - Free Report) closed at $126.27, marking a +1.25% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 1.65% for the day. On the other hand, the Dow registered a gain of 0.92%, and the technology-centric Nasdaq increased by 3.07%.
Shares of the footwear company have appreciated by 31.36% over the course of the past month, outperforming the Consumer Discretionary sector's gain of 1.52%, and the S&P 500's gain of 0.48%.
Analysts and investors alike will be keeping a close eye on the performance of Crocs in its upcoming earnings disclosure. The company is forecasted to report an EPS of $4.3, showcasing a 1.65% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.15 billion, down 0.1% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $13.67 per share and a revenue of $4.08 billion, signifying shifts of +9.27% and +0.97%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Crocs. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Over the past month, the Zacks Consensus EPS estimate has shifted 0.02% downward. Crocs presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Crocs is presently being traded at a Forward P/E ratio of 9.12. This represents a discount compared to its industry average Forward P/E of 16.04.
Also, we should mention that CROX has a PEG ratio of 1.29. 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 had an average PEG ratio of 2.11 as trading concluded yesterday.
The Textile - Apparel industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 88, placing it within the top 37% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CROX in the coming trading sessions, be sure to utilize Zacks.com.