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Crocs (CROX) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Crocs (CROX - Free Report) closed at $27.25, marking a -1.52% move from the previous day. This change lagged the S&P 500's 0.22% loss on the day. Elsewhere, the Dow lost 0.08%, while the tech-heavy Nasdaq lost 0.36%.
Prior to today's trading, shares of the footwear company had lost 8.13% over the past month. This has lagged the Consumer Discretionary sector's gain of 8.69% and the S&P 500's gain of 8.17% in that time.
CROX will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of -$0.22, up 46.34% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $213.40 million, up 7.18% from the year-ago period.
Any recent changes to analyst estimates for CROX should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. CROX is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, CROX currently has a Forward P/E ratio of 26.27. Its industry sports an average Forward P/E of 15.06, so we one might conclude that CROX is trading at a premium comparatively.
It is also worth noting that CROX currently has a PEG ratio of 1.75. 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. Textile - Apparel stocks are, on average, holding a PEG ratio of 1.37 based on yesterday's closing prices.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 29, putting it in the top 12% of all 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.
To follow CROX in the coming trading sessions, be sure to utilize Zacks.com.
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Crocs (CROX) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Crocs (CROX - Free Report) closed at $27.25, marking a -1.52% move from the previous day. This change lagged the S&P 500's 0.22% loss on the day. Elsewhere, the Dow lost 0.08%, while the tech-heavy Nasdaq lost 0.36%.
Prior to today's trading, shares of the footwear company had lost 8.13% over the past month. This has lagged the Consumer Discretionary sector's gain of 8.69% and the S&P 500's gain of 8.17% in that time.
CROX will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of -$0.22, up 46.34% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $213.40 million, up 7.18% from the year-ago period.
Any recent changes to analyst estimates for CROX should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. CROX is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, CROX currently has a Forward P/E ratio of 26.27. Its industry sports an average Forward P/E of 15.06, so we one might conclude that CROX is trading at a premium comparatively.
It is also worth noting that CROX currently has a PEG ratio of 1.75. 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. Textile - Apparel stocks are, on average, holding a PEG ratio of 1.37 based on yesterday's closing prices.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 29, putting it in the top 12% of all 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.
To follow CROX in the coming trading sessions, be sure to utilize Zacks.com.