In the latest trading session, Crocs (CROX) closed at $28.72, marking a +0.81% move from the previous day. This change lagged the S&P 500's 0.86% gain on the day. At the same time, the Dow lost 0.06%, and the tech-heavy Nasdaq gained 1.37%.
Heading into today, shares of the footwear company had gained 3.22% over the past month, lagging the Consumer Discretionary sector's gain of 9.37% and the S&P 500's gain of 8.11% in that time.
Investors will be hoping for strength from CROX as it approaches its nex t earnings release, which is expected to be February 27, 2019. The company is expected to report EPS of -$0.22, up 46.34% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $213.40 million, up 7.18% from the year-ago period.
Investors should also note any recent changes to analyst estimates for CROX. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. CROX is holding a Zacks Rank of #1 (Strong Buy) right now.
Valuation is also important, so investors should note that CROX has a Forward P/E ratio of 27.05 right now. This represents a premium compared to its industry's average Forward P/E of 17.27.
Also, we should mention that CROX has a PEG ratio of 1.8. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Textile - Apparel industry currently had an average PEG ratio of 1.38 as of yesterday's close.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 17, which puts it in the top 7% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
