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Is Crocs (CROX) Stock Outpacing Its Consumer Discretionary Peers 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 a member of the Consumer Discretionary sector. This group includes 250 individual stocks and currently holds a Zacks Sector Rank of #5. 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 #1 (Strong Buy).
The Zacks Consensus Estimate for CROX's full-year earnings has moved 29.51% higher within the past quarter. 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 6.31% since the start of the calendar year. Meanwhile, stocks in the Consumer Discretionary group have gained about 12.40% on average. This means that Crocs is outperforming the sector as a whole this year.
Looking more specifically, CROX belongs to the Textile - Apparel industry, a group that includes 22 individual stocks and currently sits at #21 in the Zacks Industry Rank. This group has gained an average of 21.86% so far this year, so CROX is slightly underperforming its industry in this area.
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) Stock Outpacing Its Consumer Discretionary Peers 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 a member of the Consumer Discretionary sector. This group includes 250 individual stocks and currently holds a Zacks Sector Rank of #5. 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 #1 (Strong Buy).
The Zacks Consensus Estimate for CROX's full-year earnings has moved 29.51% higher within the past quarter. 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 6.31% since the start of the calendar year. Meanwhile, stocks in the Consumer Discretionary group have gained about 12.40% on average. This means that Crocs is outperforming the sector as a whole this year.
Looking more specifically, CROX belongs to the Textile - Apparel industry, a group that includes 22 individual stocks and currently sits at #21 in the Zacks Industry Rank. This group has gained an average of 21.86% so far this year, so CROX is slightly underperforming its industry in this area.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to CROX as it looks to continue its solid performance.