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Crocs (CROX) Stock Moves -0.05%: What You Should Know
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In the latest trading session, Crocs (CROX - Free Report) closed at $58.08, marking a -0.05% move from the previous day. This change was narrower than the S&P 500's 0.08% loss on the day. At the same time, the Dow lost 0.15%, and the tech-heavy Nasdaq gained 0.03%.
Coming into today, shares of the footwear company had gained 0.96% in the past month. In that same time, the Consumer Discretionary sector lost 8.71%, while the S&P 500 lost 6.03%.
Crocs will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.73, up 22.42% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $929.66 million, up 45.08% from the year-ago period.
CROX's full-year Zacks Consensus Estimates are calling for earnings of $10.56 per share and revenue of $3.53 billion. These results would represent year-over-year changes of +26.92% and +52.58%, respectively.
Any recent changes to analyst estimates for Crocs should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Crocs is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Crocs has a Forward P/E ratio of 5.5 right now. Its industry sports an average Forward P/E of 9.82, so we one might conclude that Crocs is trading at a discount comparatively.
Meanwhile, CROX's PEG ratio is currently 0.37. 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 1.25 at yesterday's closing price.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 90, which puts it in the top 36% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Crocs (CROX) Stock Moves -0.05%: What You Should Know
In the latest trading session, Crocs (CROX - Free Report) closed at $58.08, marking a -0.05% move from the previous day. This change was narrower than the S&P 500's 0.08% loss on the day. At the same time, the Dow lost 0.15%, and the tech-heavy Nasdaq gained 0.03%.
Coming into today, shares of the footwear company had gained 0.96% in the past month. In that same time, the Consumer Discretionary sector lost 8.71%, while the S&P 500 lost 6.03%.
Crocs will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.73, up 22.42% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $929.66 million, up 45.08% from the year-ago period.
CROX's full-year Zacks Consensus Estimates are calling for earnings of $10.56 per share and revenue of $3.53 billion. These results would represent year-over-year changes of +26.92% and +52.58%, respectively.
Any recent changes to analyst estimates for Crocs should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Crocs is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Crocs has a Forward P/E ratio of 5.5 right now. Its industry sports an average Forward P/E of 9.82, so we one might conclude that Crocs is trading at a discount comparatively.
Meanwhile, CROX's PEG ratio is currently 0.37. 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 1.25 at yesterday's closing price.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 90, which puts it in the top 36% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.