Crocs, Inc. (CROX) Expected to Post Earnings of -$0.42 Per Share
Wall Street brokerages expect Crocs, Inc. (NASDAQ:CROX) to report earnings per share (EPS) of ($0.42) for the current quarter, according to Zacks. Two analysts have issued estimates for Crocs’ earnings, with estimates ranging from ($0.43) to ($0.40). Crocs reported earnings per share of ($0.58) during the same quarter last year, which suggests a positive year-over-year growth rate of 27.6%. The company is expected to announce its next earnings report on Wednesday, March 7th.
On average, analysts expect that Crocs will report full year earnings of ($0.02) per share for the current fiscal year, with EPS estimates ranging from ($0.09) to $0.10. For the next financial year, analysts expect that the company will post earnings of $0.26 per share, with EPS estimates ranging from $0.20 to $0.36. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Crocs.
CROX has been the subject of a number of research analyst reports. ValuEngine upgraded Crocs from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Zacks Investment Research upgraded Crocs from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Pivotal Research initiated coverage on Crocs in a research note on Thursday, October 5th. They issued a “hold” rating and a $9.50 target price for the company. CL King lowered Crocs from a “buy” rating to a “neutral” rating in a research note on Monday, November 20th. Finally, BidaskClub lowered Crocs from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $8.75.
Institutional investors have recently added to or reduced their stakes in the business. Tudor Investment Corp ET AL acquired a new position in Crocs during the second quarter worth $100,000. BlueCrest Capital Management Ltd bought a new stake in shares of Crocs during the second quarter worth $110,000. State of Alaska Department of Revenue grew its holdings in shares of Crocs by 79.0% during the second quarter. State of Alaska Department of Revenue now owns 14,623 shares of the textile maker’s stock worth $112,000 after purchasing an additional 6,453 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Crocs by 12.0% during the second quarter. Public Employees Retirement System of Ohio now owns 14,814 shares of the textile maker’s stock worth $114,000 after purchasing an additional 1,586 shares during the last quarter. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of Crocs during the second quarter worth $124,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.
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Crocs Company Profile
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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