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Is Crocs (CROX) Outperforming Other Consumer Discretionary Stocks This Year?
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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? One simple way to answer this question is to take a look at the year-to-date performance of CROX and the rest of the Consumer Discretionary group's stocks.
Crocs is one of 255 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #7 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. CROX is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CROX's full-year earnings has moved 31.61% 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 27.86% on a year-to-date basis. Meanwhile, the Consumer Discretionary sector has returned an average of 2.77% on a year-to-date basis. This means that Crocs is performing better than its sector in terms of year-to-date returns.
Looking more specifically, CROX belongs to the Textile - Apparel industry, a group that includes 21 individual stocks and currently sits at #42 in the Zacks Industry Rank. On average, this group has gained an average of 6.16% so far this year, meaning that CROX is performing better in terms of year-to-date returns.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to CROX as it looks to continue its solid performance.
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Is Crocs (CROX) Outperforming Other Consumer Discretionary Stocks This Year?
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? One simple way to answer this question is to take a look at the year-to-date performance of CROX and the rest of the Consumer Discretionary group's stocks.
Crocs is one of 255 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #7 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. CROX is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CROX's full-year earnings has moved 31.61% 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 27.86% on a year-to-date basis. Meanwhile, the Consumer Discretionary sector has returned an average of 2.77% on a year-to-date basis. This means that Crocs is performing better than its sector in terms of year-to-date returns.
Looking more specifically, CROX belongs to the Textile - Apparel industry, a group that includes 21 individual stocks and currently sits at #42 in the Zacks Industry Rank. On average, this group has gained an average of 6.16% so far this year, meaning that CROX is performing better in terms of year-to-date returns.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to CROX as it looks to continue its solid performance.