Crocs (CROX) closed the most recent trading day at $125.33, moving -1.9% from the previous trading session. This move lagged the S&P 500's daily gain of 1.18%. On the other hand, the Dow registered a gain of 0.59%, and the technology-centric Nasdaq increased by 2.07%.
Heading into today, shares of the footwear company had gained 7.66% over the past month, outpacing the Consumer Discretionary sector's loss of 1.1% and the S&P 500's loss of 2.9%.
The investment community will be paying close attention to the earnings performance of Crocs in its upcoming release. The company's upcoming EPS is projected at $4.3, signifying a 1.65% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.15 billion, indicating a 0.1% downward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $13.67 per share and revenue of $4.08 billion. These totals would mark changes of +9.27% and +0.97%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Crocs. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.02% lower. Crocs is holding a Zacks Rank of #3 (Hold) right now.
Looking at valuation, Crocs is presently trading at a Forward P/E ratio of 9.35. This valuation marks a discount compared to its industry average Forward P/E of 15.91.
Also, we should mention that CROX has a PEG ratio of 1.32. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. CROX's industry had an average PEG ratio of 2.11 as of yesterday's close.
The Textile - Apparel industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 157, positioning it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank is ordered 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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Crocs, Inc. (CROX): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).