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Crocs (CROX) Advances While Market Declines: Some Information for Investors
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Crocs (CROX - Free Report) closed the most recent trading day at $117.42, moving +1.22% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 0.38% for the day. Elsewhere, the Dow lost 0.51%, while the tech-heavy Nasdaq lost 0.29%.
The footwear company's stock has dropped by 13.54% in the past month, falling short of the Consumer Discretionary sector's gain of 1.41% and the S&P 500's gain of 2.08%.
The investment community will be paying close attention to the earnings performance of Crocs in its upcoming release. It is anticipated that the company will report an EPS of $3.3, marking a 13.01% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1 billion, indicating a 0.72% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $13.95 per share and a revenue of $4.1 billion, demonstrating changes of +11.51% and +1.4%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Crocs. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.09% lower. At present, Crocs boasts a Zacks Rank of #3 (Hold).
In the context of valuation, Crocs is at present trading with a Forward P/E ratio of 8.31. This expresses a discount compared to the average Forward P/E of 14.83 of its industry.
It is also worth noting that CROX currently has a PEG ratio of 0.97. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. CROX's industry had an average PEG ratio of 1.92 as of yesterday's close.
The Textile - Apparel industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 98, placing it within the top 40% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Crocs (CROX) Advances While Market Declines: Some Information for Investors
Crocs (CROX - Free Report) closed the most recent trading day at $117.42, moving +1.22% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 0.38% for the day. Elsewhere, the Dow lost 0.51%, while the tech-heavy Nasdaq lost 0.29%.
The footwear company's stock has dropped by 13.54% in the past month, falling short of the Consumer Discretionary sector's gain of 1.41% and the S&P 500's gain of 2.08%.
The investment community will be paying close attention to the earnings performance of Crocs in its upcoming release. It is anticipated that the company will report an EPS of $3.3, marking a 13.01% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1 billion, indicating a 0.72% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $13.95 per share and a revenue of $4.1 billion, demonstrating changes of +11.51% and +1.4%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Crocs. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.09% lower. At present, Crocs boasts a Zacks Rank of #3 (Hold).
In the context of valuation, Crocs is at present trading with a Forward P/E ratio of 8.31. This expresses a discount compared to the average Forward P/E of 14.83 of its industry.
It is also worth noting that CROX currently has a PEG ratio of 0.97. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. CROX's industry had an average PEG ratio of 1.92 as of yesterday's close.
The Textile - Apparel industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 98, placing it within the top 40% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.