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Crocs (CROX) Declines More Than Market: Some Information for Investors
CROXCrocs(CROX) ZACKS·2024-09-25 23:20

Stock Performance - Crocs stock ended at 14304,markinga124143 04, marking a -1 24% decline from the previous day's close, underperforming the S&P 500's daily loss of 0 19% [1] - Over the past month, Crocs stock has risen by 1 15%, lagging behind the Consumer Discretionary sector's gain of 3 53% and the S&P 500's gain of 1 95% [1] Earnings and Revenue Expectations - Analysts expect Crocs to report earnings of 3 11 per share in the upcoming earnings release, representing a year-over-year decline of 4 31% [2] - Revenue is projected at 105billion,up0081 05 billion, up 0 08% from the previous year [2] - For the full year, earnings are expected to be 12 85 per share, a 6 82% increase, while revenue is projected at $4 12 billion, up 4% year-over-year [3] Analyst Estimates and Valuation - Recent upward revisions in analyst estimates reflect a favorable outlook on Crocs' business health and profitability [4] - Crocs has a Zacks Rank of 2 (Buy), with the Zacks Consensus EPS estimate increasing by 0 11% over the past month [6] - Crocs trades at a Forward P/E ratio of 11 27, below the industry average of 18 8, and a PEG ratio of 1 45, compared to the industry average of 2 06 [7] Industry Context - The Textile - Apparel industry, part of the Consumer Discretionary sector, has a Zacks Industry Rank of 181, placing it in the bottom 29% of all industries [8] - The top 50% of industries outperform the bottom half by a factor of 2 to 1 based on the Zacks Industry Rank [8]