In the latest trading session, Crocs (CROX) closed at $31.10, marking a -0.86% move from the previous day. This change lagged the S&P 500's daily gain of 0.45%. At the same time, the Dow added 0.51%, and the tech-heavy Nasdaq gained 0.42%.
Coming into today, shares of the footwear company had gained 20.79% in the past month. In that same time, the Consumer Discretionary sector gained 0.59%, while the S&P 500 lost 1.64%.
Wall Street will be looking for positivity from CROX as it approaches its next earnings report date. This is expected to be February 27, 2019. The company is expected to report EPS of -$0.25, up 39.02% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $201.47 million, up 1.18% from the year-ago period.
Investors should also note any recent changes to analyst estimates for CROX. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. CROX is currently a Zacks Rank #1 (Strong Buy).
Valuation is also important, so investors should note that CROX has a Forward P/E ratio of 29.78 right now. This valuation marks a premium compared to its industry's average Forward P/E of 15.72.
We can also see that CROX currently has a PEG ratio of 1.99. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Textile - Apparel stocks are, on average, holding a PEG ratio of 1.39 based on yesterday's closing prices.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 49, which puts it in the top 20% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.