$187.35 Million in Sales Expected for Crocs, Inc. (CROX) This Quarter
Analysts expect Crocs, Inc. (NASDAQ:CROX) to post $187.35 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Crocs’ earnings. The lowest sales estimate is $187.10 million and the highest is $187.60 million. Crocs posted sales of $187.42 million during the same quarter last year, which would indicate a negative year over year growth rate of 0%. The business is expected to announce its next earnings results on Wednesday, March 7th.
On average, analysts expect that Crocs will report full-year sales of $187.35 million for the current fiscal year. For the next year, analysts expect that the firm will post sales of $1.01 billion per share, with estimates ranging from $999.60 million to $1.02 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Crocs.
A number of research firms have weighed in on CROX. CL King cut Crocs from a “buy” rating to a “neutral” rating in a research report on Monday, November 20th. ValuEngine raised Crocs from a “sell” rating to a “hold” rating in a research note on Monday, November 13th. Zacks Investment Research raised Crocs from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Pivotal Research started coverage on Crocs in a research note on Thursday, October 5th. They set a “hold” rating and a $9.50 target price for the company. Finally, BidaskClub raised Crocs from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $8.75.
Shares of Crocs (NASDAQ:CROX) opened at $10.90 on Friday. Crocs has a 1 year low of $5.93 and a 1 year high of $11.23.
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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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