Crocs (CROX) closed at $105.48 in the latest trading session, marking a -1.4% move from the prior day. This move lagged the S&P 500's daily loss of 0.22%. At the same time, the Dow lost 0.03%, and the tech-heavy Nasdaq lost 0.33%.

Heading into today, shares of the footwear company had lost 3.58% over the past month, outpacing the Consumer Discretionary sector's loss of 8.76% and the S&P 500's loss of 7.48% in that time.

Market participants will be closely following the financial results of Crocs in its upcoming release. The company is forecasted to report an EPS of $2.52, showcasing a 16.56% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $909.78 million, down 3.07% from the year-ago period.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $13.20 per share and a revenue of $4.19 billion, indicating changes of +0.23% and +2.14%, respectively, from the former year.

Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Crocs. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Crocs presently features a Zacks Rank of #3 (Hold).

In terms of valuation, Crocs is presently being traded at a Forward P/E ratio of 8.1. This expresses a discount compared to the average Forward P/E of 13.87 of its industry.

It's also important to note that CROX currently trades at a PEG ratio of 1.77. 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 1.75 at the close of the market yesterday.

The Textile - Apparel industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 46, placing it within the top 19% of over 250 industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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Crocs, Inc. (CROX) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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