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Crocs (CROX) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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Crocs (CROX - Free Report) ended the recent trading session at $122.36, demonstrating a -3% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.77% for the day. At the same time, the Dow lost 0.67%, and the tech-heavy Nasdaq lost 0.92%.
The footwear company's stock has climbed by 3.2% in the past month, exceeding the Consumer Discretionary sector's loss of 8.94% and the S&P 500's gain of 0.96%.
The upcoming earnings release of Crocs will be of great interest to investors. The company is predicted to post an EPS of $3.3, indicating a 13.01% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1 billion, showing a 0.72% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $13.95 per share and a revenue of $4.11 billion, representing changes of +11.51% and +1.62%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Crocs. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Currently, Crocs is carrying a Zacks Rank of #3 (Hold).
Looking at valuation, Crocs is presently trading at a Forward P/E ratio of 9.04. This signifies a discount in comparison to the average Forward P/E of 15.38 for its industry.
Meanwhile, CROX's PEG ratio is currently 1.05. 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. As of the close of trade yesterday, the Textile - Apparel industry held an average PEG ratio of 1.82.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 169, which puts it in the bottom 32% of all 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.
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) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Crocs (CROX - Free Report) ended the recent trading session at $122.36, demonstrating a -3% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.77% for the day. At the same time, the Dow lost 0.67%, and the tech-heavy Nasdaq lost 0.92%.
The footwear company's stock has climbed by 3.2% in the past month, exceeding the Consumer Discretionary sector's loss of 8.94% and the S&P 500's gain of 0.96%.
The upcoming earnings release of Crocs will be of great interest to investors. The company is predicted to post an EPS of $3.3, indicating a 13.01% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1 billion, showing a 0.72% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $13.95 per share and a revenue of $4.11 billion, representing changes of +11.51% and +1.62%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Crocs. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Currently, Crocs is carrying a Zacks Rank of #3 (Hold).
Looking at valuation, Crocs is presently trading at a Forward P/E ratio of 9.04. This signifies a discount in comparison to the average Forward P/E of 15.38 for its industry.
Meanwhile, CROX's PEG ratio is currently 1.05. 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. As of the close of trade yesterday, the Textile - Apparel industry held an average PEG ratio of 1.82.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 169, which puts it in the bottom 32% of all 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.