Clarus (CLAR) Outpaces Stock Market Gains: What You Should Know
Clarus (CLAR) closed at $13.27 in the latest trading session, marking a +1.84% move from the prior day. This change outpaced the S&P 500's 0.66% gain on the day. Meanwhile, the Dow gained 1.03%, and the Nasdaq, a tech-heavy index, added 0.46%.
Coming into today, shares of the company had gained 9.96% in the past month. In that same time, the Consumer Discretionary sector gained 2.95%, while the S&P 500 gained 3.97%.
Wall Street will be looking for positivity from CLAR as it approaches its next earnings report date. In that report, analysts expect CLAR to post earnings of $0.17 per share. This would mark year-over-year growth of 30.77%. Meanwhile, our latest consensus estimate is calling for revenue of $58.13 million, up 9.13% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.80 per share and revenue of $230.02 million. These totals would mark changes of +25% and +8.43%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for CLAR. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. CLAR currently has a Zacks Rank of #2 (Buy).
In terms of valuation, CLAR is currently trading at a Forward P/E ratio of 16.39. This valuation marks a premium compared to its industry's average Forward P/E of 15.54.
Meanwhile, CLAR's PEG ratio is currently 1.64. 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 Leisure and Recreation Products was holding an average PEG ratio of 1.03 at yesterday's closing price.
The Leisure and Recreation Products industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 64, which puts it in the top 26% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.