Markets

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) 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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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.

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