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Crocs (CROX) Dips More Than Broader Market: What You Should Know
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Crocs (CROX - Free Report) closed at $121.14 in the latest trading session, marking a -2.15% move from the prior day. This change lagged the S&P 500's daily loss of 1.44%. Meanwhile, the Dow experienced a drop of 0.09%, and the technology-dominated Nasdaq saw a decrease of 2.22%.
The footwear company's stock has climbed by 12.1% in the past month, exceeding the Consumer Discretionary sector's loss of 1.97% and the S&P 500's gain of 0.08%.
The investment community will be closely monitoring the performance of Crocs in its forthcoming earnings report. On that day, Crocs is projected to report earnings of $4.3 per share, which would represent year-over-year growth of 1.65%. In the meantime, our current consensus estimate forecasts the revenue to be $1.15 billion, indicating a 0.1% decline compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $13.67 per share and revenue of $4.08 billion. These totals would mark changes of +9.27% and +0.97%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Crocs. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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. The Zacks Consensus EPS estimate has moved 0.02% lower within the past month. Crocs currently has a Zacks Rank of #3 (Hold).
Investors should also note Crocs's current valuation metrics, including its Forward P/E ratio of 9.06. This signifies a discount in comparison to the average Forward P/E of 15.4 for its industry.
Investors should also note that CROX has a PEG ratio of 1.28 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Textile - Apparel stocks are, on average, holding a PEG ratio of 2.01 based on yesterday's closing prices.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 156, putting it in the bottom 37% 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.
View the Zacks #1 Rank List
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Crocs (CROX) Dips More Than Broader Market: What You Should Know
Crocs (CROX - Free Report) closed at $121.14 in the latest trading session, marking a -2.15% move from the prior day. This change lagged the S&P 500's daily loss of 1.44%. Meanwhile, the Dow experienced a drop of 0.09%, and the technology-dominated Nasdaq saw a decrease of 2.22%.
The footwear company's stock has climbed by 12.1% in the past month, exceeding the Consumer Discretionary sector's loss of 1.97% and the S&P 500's gain of 0.08%.
The investment community will be closely monitoring the performance of Crocs in its forthcoming earnings report. On that day, Crocs is projected to report earnings of $4.3 per share, which would represent year-over-year growth of 1.65%. In the meantime, our current consensus estimate forecasts the revenue to be $1.15 billion, indicating a 0.1% decline compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $13.67 per share and revenue of $4.08 billion. These totals would mark changes of +9.27% and +0.97%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Crocs. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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. The Zacks Consensus EPS estimate has moved 0.02% lower within the past month. Crocs currently has a Zacks Rank of #3 (Hold).
Investors should also note Crocs's current valuation metrics, including its Forward P/E ratio of 9.06. This signifies a discount in comparison to the average Forward P/E of 15.4 for its industry.
Investors should also note that CROX has a PEG ratio of 1.28 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Textile - Apparel stocks are, on average, holding a PEG ratio of 2.01 based on yesterday's closing prices.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 156, putting it in the bottom 37% 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.