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? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question.
Crocs is one of 243 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. CROX is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for CROX's full-year earnings has moved 15.36% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, CROX has gained about 34.68% so far this year. Meanwhile, stocks in the Consumer Discretionary group have gained about 18.42% on average. This means that Crocs is outperforming the sector as a whole this year.
To break things down more, CROX belongs to the Textile - Apparel industry, a group that includes 22 individual companies and currently sits at #101 in the Zacks Industry Rank. On average, stocks in this group have gained 13.52% this year, meaning that CROX is performing better in terms of year-to-date returns.
Investors in the Consumer Discretionary sector will want to keep a close eye on CROX as it attempts to continue its solid performance.