Analysts on Wall Street project that Crocs (CROX) will announce quarterly earnings of $4.32 per share in its forthcoming report, representing an increase of 2.1% year over year. Revenues are projected to reach $1.15 billion, declining 0.2% from the same quarter last year.
The current level reflects a downward revision of 0.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain Crocs metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts' assessment points toward 'Revenues- HEYDUDE Brand' reaching $167.01 million. The estimate suggests a change of -12% year over year.
It is projected by analysts that the 'Revenues- Crocs Brand' will reach $981.51 million. The estimate indicates a change of +2.3% from the prior-year quarter.
The consensus among analysts is that 'Non-GAAP Gross Margin- HEYDUDE Brand' will reach 47.4%. The estimate is in contrast to the year-ago figure of 50.2%.
The consensus estimate for 'Non-GAAP Gross Margin- Crocs Brand' stands at 62.8%. Compared to the current estimate, the company reported 64.1% in the same quarter of the previous year.
View all Key Company Metrics for Crocs here>>>Over the past month, Crocs shares have recorded returns of +5.5% versus the Zacks S&P 500 composite's +0.8% change. Based on its Zacks Rank #4 (Sell), CROX will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Crocs, Inc. (CROX): Free Stock Analysis Report
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