Crocs, Inc. (NASDAQ:CROX) Set to Announce Earnings on Tuesday
Crocs, Inc. (NASDAQ:CROX) will post its quarterly earnings results before the market opens on Tuesday, August 1st. Analysts expect Crocs to post earnings of $0.14 per share for the quarter.
Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Wednesday, May 10th. The textile maker reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.08. The company had revenue of $267.90 million during the quarter, compared to analysts’ expectations of $258.10 million. Crocs had a negative net margin of 1.52% and a negative return on equity of 4.89%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.07 EPS. On average, analysts expect Crocs to post $-0.03 EPS for the current fiscal year and $0.29 EPS for the next fiscal year.
Crocs, Inc. (NASDAQ:CROX) opened at 7.60 on Tuesday. The stock’s market capitalization is $563.04 million. Crocs, Inc. has a 52-week low of $5.93 and a 52-week high of $11.74. The firm has a 50-day moving average of $7.44 and a 200-day moving average of $6.91.
Several research analysts recently commented on CROX shares. Stifel Nicolaus reiterated a “hold” rating and issued a $8.00 target price (up previously from $7.00) on shares of Crocs in a report on Saturday. TheStreet upgraded shares of Crocs from a “d” rating to a “c-” rating in a report on Wednesday, June 21st. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $7.00 target price (up previously from $6.00) on shares of Crocs in a report on Friday, May 12th. Zacks Investment Research downgraded shares of Crocs from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 9th. Finally, BidaskClub downgraded shares of Crocs from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $8.20.
Crocs, Inc is engaged in the design, development, manufacturing, marketing, distribution and sale of casual lifestyle footwear and accessories for men, women, and children. The Company’s segments include Americas, Asia Pacific and Europe. Its products include footwear and accessories that utilize its closed-cell resin, called Croslite, as well as casual lifestyle footwear that use a range of materials.
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