The Textile - Apparel industry is part of the Consumer Discretionary sector. The Textile - Apparel was holding an average PEG ratio of 1.12 at yesterday's closing price. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. It is also worth noting that CROX currently has a PEG ratio of 0.63. For comparison, its industry has an average Forward P/E of 9.86, which means Crocs is trading at a discount to the group. Crocs is holding a Zacks Rank of #3 (Hold) right now.ĭigging into valuation, Crocs currently has a Forward P/E ratio of 9.42. Over the past month, the Zacks Consensus EPS estimate has moved 0.06% lower. 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. This model considers these estimate changes and provides a simple, actionable rating system. Investors can capitalize on this by using the Zacks Rank. Research indicates that these estimate revisions are directly correlated with near-term share price momentum.
As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. These recent revisions tend to reflect the evolving nature of short-term business trends. These results would represent year-over-year changes of +5.59% and +13.11%, respectively.Īny recent changes to analyst estimates for Crocs should also be noted by investors. Our most recent consensus estimate is calling for quarterly revenue of $1.04 billion, up 8.2% from the year-ago period.ĬROX's full-year Zacks Consensus Estimates are calling for earnings of $11.53 per share and revenue of $4.02 billion. The company is expected to report EPS of $2.95, down 8.95% from the prior-year quarter. Crocs will be looking to display strength as it nears its next earnings release.
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