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Crocs (CROX) Gains As Market Dips: What You Should Know
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Crocs (CROX - Free Report) closed the most recent trading day at $109.95, moving +1.31% from the previous trading session. The stock outpaced the S&P 500's daily loss of 1.17%. Meanwhile, the Dow lost 1.02%, and the Nasdaq, a tech-heavy index, lost 2.45%.
Coming into today, shares of the footwear company had gained 11.97% in the past month. In that same time, the Consumer Discretionary sector lost 2.99%, while the S&P 500 lost 5.25%.
Investors will be hoping for strength from Crocs as it approaches its next earnings release. On that day, Crocs is projected to report earnings of $2.01 per share, which would represent a year-over-year decline of 6.51%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $899.18 million, up 53.28% 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 2.23% lower. Crocs is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Crocs is holding a Forward P/E ratio of 10.32. This valuation marks a premium compared to its industry's average Forward P/E of 9.83.
We can also see that CROX currently has a PEG ratio of 0.69. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Textile - Apparel industry currently had an average PEG ratio of 1.56 as of yesterday's close.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 195, putting it in the bottom 23% 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) Gains As Market Dips: What You Should Know
Crocs (CROX - Free Report) closed the most recent trading day at $109.95, moving +1.31% from the previous trading session. The stock outpaced the S&P 500's daily loss of 1.17%. Meanwhile, the Dow lost 1.02%, and the Nasdaq, a tech-heavy index, lost 2.45%.
Coming into today, shares of the footwear company had gained 11.97% in the past month. In that same time, the Consumer Discretionary sector lost 2.99%, while the S&P 500 lost 5.25%.
Investors will be hoping for strength from Crocs as it approaches its next earnings release. On that day, Crocs is projected to report earnings of $2.01 per share, which would represent a year-over-year decline of 6.51%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $899.18 million, up 53.28% 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 2.23% lower. Crocs is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Crocs is holding a Forward P/E ratio of 10.32. This valuation marks a premium compared to its industry's average Forward P/E of 9.83.
We can also see that CROX currently has a PEG ratio of 0.69. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Textile - Apparel industry currently had an average PEG ratio of 1.56 as of yesterday's close.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 195, putting it in the bottom 23% 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.