Crocs (CROX) Stock Sinks As Market Gains: What You Should Know
Crocs (CROX) closed at $19.09 in the latest trading session, marking a -0.62% move from the prior day. This change lagged the S&P 500's daily gain of 0.41%. Elsewhere, the Dow gained 0.39%, while the tech-heavy Nasdaq added 0.57%.
Prior to today's trading, shares of the footwear company had lost 13% over the past month. This has lagged the Consumer Discretionary sector's loss of 1.85% and the S&P 500's gain of 0.1% in that time.
Wall Street will be looking for positivity from CROX as it approaches its next earnings report date. The company is expected to report EPS of $0.48, up 37.14% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $357.17 million, up 8.89% from the year-ago period.
CROX's full-year Zacks Consensus Estimates are calling for earnings of $1.25 per share and revenue of $1.16 billion. These results would represent year-over-year changes of +45.35% and +6.85%, respectively.
Investors should also note any recent changes to analyst estimates for CROX. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Within the past 30 days, our consensus EPS projection remained stagnant. CROX is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, CROX currently has a Forward P/E ratio of 15.43. This valuation marks a premium compared to its industry's average Forward P/E of 14.97.
We can also see that CROX currently has a PEG ratio of 1.03. 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 was holding an average PEG ratio of 1.47 at yesterday's closing price.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 165, putting it in the bottom 36% 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.
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