Crocs Inc reports results for the quarter ended in September 30 - Earnings Summary

Crocs

29/10/2024 14:17

* Crocs Inc  CROX.OQ  reported quarterly adjusted earnings
of
$3.60​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of $3.25.  The mean expectation of fourteen analysts for the
quarter was for earnings of $3.10 per share. Wall Street
expected results to range from $3.01  to $3.17 per share.
    * Revenue rose 1.6% to $1.06 billion from a year ago;
analysts
expected $1.05 billion. 
    * Crocs Inc's reported EPS for the quarter was $3.36​.
    * The company reported quarterly net income of $199.8
million.
    * Crocs Inc shares had fallen by 4.7% this quarter and
gained 47.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the footwear peer
group
is also "buy"

Wall Street's median 12-month price target for Crocs Inc is
163.50 
This summary was machine generated from LSEG data October 29 at
02:16 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 1 0001       3.56           3.60           Beat
 Jun. 30 2024      3.56           4.01           Beat
 Mar. 31 2024      2.23           3.02           Beat
 Dec. 31 2023      2.37           2.58           Beat