Crocs (CROX) Stock Slides as Market Rises: Facts to Know Before You Trade

In the latest close session, Crocs (CROX) was down 5.01% at $80.64. The stock's performance was behind the S&P 500's daily gain of 0.37%. At the same time, the Dow lost 0.14%, and the tech-heavy Nasdaq gained 0.71%. The stock of footwear company has fallen by 1.8% in the past month, lagging the Consumer Discretionary sector's loss of 1.64% and the S&P 500's gain of 4.26%.Analysts and investors alike will be keeping a close eye on the performance of Crocs in its upcoming earnings disclosure. On that day, Crocs is projected to report earnings of $2.38 per share, which would represent a year-over-year decline of 33.89%. Simultaneously, our latest consensus estimate expects the revenue to be $964.05 million, showing a 9.24% drop compared to the year-ago quarter. For the annual period, the Zacks Consensus Estimates anticipate earnings of $11.55 per share and a revenue of $3.99 billion, signifying shifts of -12.3% and -2.69%, respectively, from the last year. Any recent changes to analyst estimates for Crocs should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, Crocs boasts a Zacks Rank of #5 (Strong Sell). Valuation is also important, so investors should note that Crocs has a Forward P/E ratio of 7.35 right now. This indicates a discount in contrast to its industry's Forward P/E of 15.56. It's also important to note that CROX currently trades at a PEG ratio of 1.95. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Textile - Apparel industry had an average PEG ratio of 2.2. The Textile - Apparel industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 210, this industry ranks in the bottom 15% of all industries, numbering over 250. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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. Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant 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 ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks