In the latest trading session, Crocs (CROX) closed at $110.59, marking a +0.99% move from the previous day. This move outpaced the S&P 500's daily loss of 0.33%. On the other hand, the Dow registered a loss of 0.37%, and the technology-centric Nasdaq decreased by 0.53%.
Heading into today, shares of the footwear company had gained 4.36% over the past month, outpacing the Consumer Discretionary sector's loss of 4.73% and the S&P 500's loss of 4.03% in that time.
The investment community will be closely monitoring the performance of Crocs in its forthcoming earnings report. The company is forecasted to report an EPS of $2.52, showcasing a 16.56% downward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $909.78 million, reflecting a 3.07% fall from the equivalent quarter last year.
CROX's full-year Zacks Consensus Estimates are calling for earnings of $13.20 per share and revenue of $4.19 billion. These results would represent year-over-year changes of +0.23% and +2.14%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Crocs. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, Crocs possesses a Zacks Rank of #3 (Hold).
Investors should also note Crocs's current valuation metrics, including its Forward P/E ratio of 8.29. For comparison, its industry has an average Forward P/E of 13.49, which means Crocs is trading at a discount to the group.
Investors should also note that CROX has a PEG ratio of 1.81 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Textile - Apparel industry was having an average PEG ratio of 1.81.
The Textile - Apparel industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 78, this industry ranks in the top 32% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Crocs, Inc. (CROX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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