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Is Crocs (CROX) Stock Outpacing Its Consumer Discretionary Peers This Year?

Zacks Equity Research
·2 min read

Investors focused on the Consumer Discretionary space have likely heard of Crocs (CROX), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of CROX and the rest of the Consumer Discretionary group's stocks.

Crocs is a member of the Consumer Discretionary sector. This group includes 238 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. CROX is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for CROX's full-year earnings has moved 28.83% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the most recent data, CROX has returned 49.65% so far this year. At the same time, Consumer Discretionary stocks have gained an average of 14.58%. 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 20 individual stocks and currently sits at #121 in the Zacks Industry Rank. On average, stocks in this group have gained 5.67% this year, meaning that CROX is performing better in terms of year-to-date returns.

CROX will likely be looking to continue its solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to the company.


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