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Is Crocs (CROX) Stock Outpacing Its Consumer Discretionary Peers This Year?

Zacks Equity Research

Investors focused on the Consumer Discretionary space have likely heard of Crocs (CROX), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of CROX and the rest of the Consumer Discretionary group's stocks.

Crocs is one of 243 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. CROX is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for CROX's full-year earnings has moved 15.36% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

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Based on the most recent data, CROX has returned 41.11% so far this year. At the same time, Consumer Discretionary stocks have gained an average of 21.14%. This means that Crocs is outperforming the sector as a whole this year.

Looking more specifically, CROX belongs to the Textile - Apparel industry, which includes 22 individual stocks and currently sits at #97 in the Zacks Industry Rank.

Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to CROX as it looks to continue its solid performance.


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