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Is Crocs (CROX) Stock Outpacing Its Consumer Discretionary Peers This Year?
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The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Crocs (CROX - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question.
Crocs is one of 260 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #8 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Crocs is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CROX's full-year earnings has moved 2.1% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, CROX has gained about 47.2% so far this year. Meanwhile, stocks in the Consumer Discretionary group have lost about 5.9% on average. This means that Crocs is performing better than its sector in terms of year-to-date returns.
Another stock in the Consumer Discretionary sector, Superior Group (SGC - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 31.5%.
Over the past three months, Superior Group's consensus EPS estimate for the current year has increased 9.1%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Crocs belongs to the Textile - Apparel industry, a group that includes 22 individual companies and currently sits at #93 in the Zacks Industry Rank. Stocks in this group have lost about 2.1% so far this year, so CROX is performing better this group in terms of year-to-date returns. Superior Group is also part of the same industry.
Investors with an interest in Consumer Discretionary stocks should continue to track Crocs and Superior Group. These stocks will be looking to continue their solid performance.
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Is Crocs (CROX) Stock Outpacing Its Consumer Discretionary Peers This Year?
The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Crocs (CROX - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question.
Crocs is one of 260 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #8 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Crocs is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CROX's full-year earnings has moved 2.1% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, CROX has gained about 47.2% so far this year. Meanwhile, stocks in the Consumer Discretionary group have lost about 5.9% on average. This means that Crocs is performing better than its sector in terms of year-to-date returns.
Another stock in the Consumer Discretionary sector, Superior Group (SGC - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 31.5%.
Over the past three months, Superior Group's consensus EPS estimate for the current year has increased 9.1%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Crocs belongs to the Textile - Apparel industry, a group that includes 22 individual companies and currently sits at #93 in the Zacks Industry Rank. Stocks in this group have lost about 2.1% so far this year, so CROX is performing better this group in terms of year-to-date returns. Superior Group is also part of the same industry.
Investors with an interest in Consumer Discretionary stocks should continue to track Crocs and Superior Group. These stocks will be looking to continue their solid performance.