Crocs (CROX - Free Report) closed at $27.09 in the latest trading session, marking a +1.42% move from the prior day. This change outpaced the S&P 500's 1.29% gain on the day. At the same time, the Dow added 1.49%, and the tech-heavy Nasdaq gained 1.46%.
Coming into today, shares of the footwear company had lost 10.64% in the past month. In that same time, the Consumer Discretionary sector gained 3.85%, while the S&P 500 gained 4.57%.
Wall Street will be looking for positivity from CROX as it approaches its next earnings report date. In that report, analysts expect CROX to post earnings of -$0.22 per share. This would mark year-over-year growth of 46.34%. Meanwhile, our latest consensus estimate is calling for revenue of $213.40 million, up 7.18% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for CROX. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 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. The Zacks Consensus EPS estimate remained stagnant within the past month. CROX is currently a Zacks Rank #1 (Strong Buy).
Valuation is also important, so investors should note that CROX has a Forward P/E ratio of 25.36 right now. Its industry sports an average Forward P/E of 15.37, so we one might conclude that CROX is trading at a premium comparatively.
Also, we should mention that CROX has a PEG ratio of 1.69. 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. The Textile - Apparel was holding an average PEG ratio of 1.37 at yesterday's closing price.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 17, putting it in the top 7% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.