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

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Zacks Equity Research
·2 min read
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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? Let's take a closer look at the stock's year-to-date performance to find out.

Crocs is one of 250 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. 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 57.28% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Our latest available data shows that CROX has returned about 21.48% since the start of the calendar year. Meanwhile, stocks in the Consumer Discretionary group have lost about 0.62% on average. As we can see, Crocs is performing better than its sector in the calendar year.

To break things down more, CROX belongs to the Textile - Apparel industry, a group that includes 21 individual companies and currently sits at #124 in the Zacks Industry Rank. On average, stocks in this group have gained 0.77% this year, meaning that CROX is performing better in terms of year-to-date returns.

Investors in the Consumer Discretionary sector will want to keep a close eye on CROX as it attempts to continue its solid performance.


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Zacks Investment Research