Investors focused on the Consumer Discretionary space have likely heard of Crocs (CROX - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Crocs is one of 246 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. CROX is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for CROX's full-year earnings has moved 13.65% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, CROX has moved about 5.83% on a year-to-date basis. At the same time, Consumer Discretionary stocks have gained an average of 15.56%. This means that Crocs is performing better than its sector in terms of year-to-date returns.
Breaking things down more, CROX is a member of the Textile - Apparel industry, which includes 22 individual companies and currently sits at #81 in the Zacks Industry Rank. This group has gained an average of 15.02% so far this year, so CROX is slightly underperforming its industry in this area.
Investors with an interest in Consumer Discretionary stocks should continue to track CROX. The stock will be looking to continue its solid performance.