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Has Crocs (CROX) Outpaced Other Consumer Discretionary Stocks This Year?
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Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Has Crocs (CROX - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Crocs is a member of the Consumer Discretionary sector. This group includes 257 individual stocks and currently holds a Zacks Sector Rank of #11. 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics 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 90 days, the Zacks Consensus Estimate for CROX's full-year earnings has moved 59.26% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that CROX has returned about 105.46% since the start of the calendar year. Meanwhile, the Consumer Discretionary sector has returned an average of -4.55% on a year-to-date basis. This means that Crocs is outperforming the sector as a whole this year.
Looking more specifically, CROX belongs to the Textile - Apparel industry, which includes 21 individual stocks and currently sits at #36 in the Zacks Industry Rank. On average, stocks in this group have gained 5.18% 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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Has Crocs (CROX) Outpaced Other Consumer Discretionary Stocks This Year?
Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Has Crocs (CROX - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Crocs is a member of the Consumer Discretionary sector. This group includes 257 individual stocks and currently holds a Zacks Sector Rank of #11. 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics 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 90 days, the Zacks Consensus Estimate for CROX's full-year earnings has moved 59.26% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that CROX has returned about 105.46% since the start of the calendar year. Meanwhile, the Consumer Discretionary sector has returned an average of -4.55% on a year-to-date basis. This means that Crocs is outperforming the sector as a whole this year.
Looking more specifically, CROX belongs to the Textile - Apparel industry, which includes 21 individual stocks and currently sits at #36 in the Zacks Industry Rank. On average, stocks in this group have gained 5.18% 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.