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Crocs (CROX) Stock Sinks As Market Gains: What You Should Know
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Crocs (CROX - Free Report) closed the most recent trading day at $103.61, moving -0.05% from the previous trading session. This change lagged the S&P 500's 0.94% gain on the day. Meanwhile, the Dow gained 0.63%, and the Nasdaq, a tech-heavy index, lost 0.55%.
Prior to today's trading, shares of the footwear company had lost 21.55% over the past month. This has lagged the Consumer Discretionary sector's loss of 7.37% and the S&P 500's loss of 4.63% in that time.
Wall Street will be looking for positivity from Crocs as it approaches its next earnings report date. On that day, Crocs is projected to report earnings of $2.01 per share, which would represent year-over-year growth of 89.62%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $585.08 million, up 42.18% from the year-ago period.
Any recent changes to analyst estimates for Crocs should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 7.48% higher within the past month. Crocs currently has a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Crocs currently has a Forward P/E ratio of 10.29. This valuation marks a discount compared to its industry's average Forward P/E of 13.03.
Investors should also note that CROX has a PEG ratio of 0.69 right now. 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. Textile - Apparel stocks are, on average, holding a PEG ratio of 0.91 based on yesterday's closing prices.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 53, which puts it in the top 21% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Crocs (CROX) Stock Sinks As Market Gains: What You Should Know
Crocs (CROX - Free Report) closed the most recent trading day at $103.61, moving -0.05% from the previous trading session. This change lagged the S&P 500's 0.94% gain on the day. Meanwhile, the Dow gained 0.63%, and the Nasdaq, a tech-heavy index, lost 0.55%.
Prior to today's trading, shares of the footwear company had lost 21.55% over the past month. This has lagged the Consumer Discretionary sector's loss of 7.37% and the S&P 500's loss of 4.63% in that time.
Wall Street will be looking for positivity from Crocs as it approaches its next earnings report date. On that day, Crocs is projected to report earnings of $2.01 per share, which would represent year-over-year growth of 89.62%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $585.08 million, up 42.18% from the year-ago period.
Any recent changes to analyst estimates for Crocs should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 7.48% higher within the past month. Crocs currently has a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Crocs currently has a Forward P/E ratio of 10.29. This valuation marks a discount compared to its industry's average Forward P/E of 13.03.
Investors should also note that CROX has a PEG ratio of 0.69 right now. 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. Textile - Apparel stocks are, on average, holding a PEG ratio of 0.91 based on yesterday's closing prices.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 53, which puts it in the top 21% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.