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Crocs (CROX) Surpasses Market Returns: Some Facts Worth Knowing
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In the latest trading session, Crocs (CROX - Free Report) closed at $120.33, marking a +1.81% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.58%. Elsewhere, the Dow saw an upswing of 0.49%, while the tech-heavy Nasdaq appreciated by 0.45%.
Prior to today's trading, shares of the footwear company had gained 0.56% outpaced the Consumer Discretionary sector's loss of 5.62% and lagged the S&P 500's gain of 0.84%.
The investment community will be paying close attention to the earnings performance of Crocs in its upcoming release. The company is expected to report EPS of $3.3, up 13.01% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $1 billion, indicating a 0.72% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $13.95 per share and revenue of $4.11 billion, which would represent changes of +11.51% and +1.62%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Crocs. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, Crocs is carrying a Zacks Rank of #4 (Sell).
In terms of valuation, Crocs is presently being traded at a Forward P/E ratio of 8.47. This denotes a discount relative to the industry average Forward P/E of 15.12.
We can additionally observe that CROX currently boasts a PEG ratio of 0.99. 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. By the end of yesterday's trading, the Textile - Apparel industry had an average PEG ratio of 1.88.
The Textile - Apparel industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 179, this industry ranks in the bottom 28% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Crocs (CROX) Surpasses Market Returns: Some Facts Worth Knowing
In the latest trading session, Crocs (CROX - Free Report) closed at $120.33, marking a +1.81% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.58%. Elsewhere, the Dow saw an upswing of 0.49%, while the tech-heavy Nasdaq appreciated by 0.45%.
Prior to today's trading, shares of the footwear company had gained 0.56% outpaced the Consumer Discretionary sector's loss of 5.62% and lagged the S&P 500's gain of 0.84%.
The investment community will be paying close attention to the earnings performance of Crocs in its upcoming release. The company is expected to report EPS of $3.3, up 13.01% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $1 billion, indicating a 0.72% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $13.95 per share and revenue of $4.11 billion, which would represent changes of +11.51% and +1.62%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Crocs. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, Crocs is carrying a Zacks Rank of #4 (Sell).
In terms of valuation, Crocs is presently being traded at a Forward P/E ratio of 8.47. This denotes a discount relative to the industry average Forward P/E of 15.12.
We can additionally observe that CROX currently boasts a PEG ratio of 0.99. 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. By the end of yesterday's trading, the Textile - Apparel industry had an average PEG ratio of 1.88.
The Textile - Apparel industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 179, this industry ranks in the bottom 28% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.