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Crocs (CROX) Ascends But Remains Behind Market: Some Facts to Note
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Crocs (CROX - Free Report) closed at $123.69 in the latest trading session, marking a +1.19% move from the prior day. The stock lagged the S&P 500's daily gain of 1.49%. Elsewhere, the Dow gained 0.71%, while the tech-heavy Nasdaq added 2.26%.
The footwear company's stock has climbed by 0.11% in the past month, exceeding the Consumer Discretionary sector's loss of 7% and the S&P 500's gain of 0.1%.
Analysts and investors alike will be keeping a close eye on the performance of Crocs in its upcoming earnings disclosure. 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. Our most recent consensus estimate is calling for quarterly revenue of $1 billion, up 0.72% from the year-ago period.
CROX's full-year Zacks Consensus Estimates are calling for earnings of $13.95 per share and revenue of $4.1 billion. These results would represent year-over-year changes of +11.51% and +1.4%, respectively.
It is also important to note the recent changes to analyst estimates for Crocs. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Crocs is currently a Zacks Rank #3 (Hold).
In the context of valuation, Crocs is at present trading with a Forward P/E ratio of 8.76. This expresses a discount compared to the average Forward P/E of 14.83 of its industry.
Also, we should mention that CROX has a PEG ratio of 1.02. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Textile - Apparel industry had an average PEG ratio of 1.87.
The Textile - Apparel industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 180, placing it within the bottom 27% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Crocs (CROX) Ascends But Remains Behind Market: Some Facts to Note
Crocs (CROX - Free Report) closed at $123.69 in the latest trading session, marking a +1.19% move from the prior day. The stock lagged the S&P 500's daily gain of 1.49%. Elsewhere, the Dow gained 0.71%, while the tech-heavy Nasdaq added 2.26%.
The footwear company's stock has climbed by 0.11% in the past month, exceeding the Consumer Discretionary sector's loss of 7% and the S&P 500's gain of 0.1%.
Analysts and investors alike will be keeping a close eye on the performance of Crocs in its upcoming earnings disclosure. 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. Our most recent consensus estimate is calling for quarterly revenue of $1 billion, up 0.72% from the year-ago period.
CROX's full-year Zacks Consensus Estimates are calling for earnings of $13.95 per share and revenue of $4.1 billion. These results would represent year-over-year changes of +11.51% and +1.4%, respectively.
It is also important to note the recent changes to analyst estimates for Crocs. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Crocs is currently a Zacks Rank #3 (Hold).
In the context of valuation, Crocs is at present trading with a Forward P/E ratio of 8.76. This expresses a discount compared to the average Forward P/E of 14.83 of its industry.
Also, we should mention that CROX has a PEG ratio of 1.02. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Textile - Apparel industry had an average PEG ratio of 1.87.
The Textile - Apparel industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 180, placing it within the bottom 27% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.