This model considers these estimate changes and provides a simple, actionable rating system. Investors can capitalize on this by using the Zacks Rank. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. These recent revisions tend to reflect the evolving nature of short-term business trends.
These results would represent year-over-year changes of +5.59% and +13.11%, respectively.Īny recent changes to analyst estimates for Crocs should also be noted by investors. Our most recent consensus estimate is calling for quarterly revenue of $1.04 billion, up 8.2% from the year-ago period.ĬROX's full-year Zacks Consensus Estimates are calling for earnings of $11.53 per share and revenue of $4.02 billion.
The company is expected to report EPS of $2.95, down 8.95% from the prior-year quarter. Heading into today, shares of the footwear company had gained 4.31% over the past month, outpacing the Consumer Discretionary sector's gain of 1.44% and trading in line with the S&P 500.Ĭrocs will be looking to display strength as it nears its next earnings release. Elsewhere, the Dow lost 0.01%, while the tech-heavy Nasdaq lost 1.26%.
This change lagged the S&P 500's 0.37% gain on the day. In the latest trading session, Crocs (CROX) closed at $107.06, marking a -1.4% move from the previous day.
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