Crocs (CROX) Stock Declines While Market Improves: Some Information for Investors

Crocs (CROX) closed the most recent trading day at $103.89, moving -1.17% from the previous trading session. This change lagged the S&P 500's 1.83% gain on the day. Elsewhere, the Dow gained 1.65%, while the tech-heavy Nasdaq added 2.45%.Coming into today, shares of the footwear company had lost 5.76% in the past month. In that same time, the Consumer Discretionary sector lost 5.42%, while the S&P 500 lost 3.31%.Investors will be eagerly watching for the performance of Crocs in its upcoming earnings disclosure. The company is expected to report EPS of $2.29, down 11.24% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $963.74 million, showing a 0.38% escalation compared to the year-ago quarter.Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Crocs. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.29% decrease. Crocs currently has a Zacks Rank of #4 (Sell).In the context of valuation, Crocs is at present trading with a Forward P/E ratio of 8.2. This signifies a discount in comparison to the average Forward P/E of 16.17 for its industry.One should further note that CROX currently holds a PEG ratio of 1.83. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Textile - Apparel industry stood at 1.83 at the close of the market yesterday.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.Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.Free Today: Profiting from The Future’s Brightest Energy SourceThe demand for electricity is growing exponentially. At the same time, we’re working to reduce our dependence on fossil fuels like oil and natural gas. Nuclear energy is an ideal replacement.Leaders from the US and 21 other countries recently committed to TRIPLING the world’s nuclear energy capacities. This aggressive transition could mean tremendous profits for nuclear-related stocks – and investors who get in on the action early enough.Our urgent report, Atomic Opportunity: Nuclear Energy's Comeback, explores the key players and technologies driving this opportunity, including 3 standout stocks poised to benefit the most.Download Atomic Opportunity: Nuclear Energy's Comeback free today.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Crocs, Inc. (CROX): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks