Crocs, Inc. (NASDAQ:CROX) is expected to report third quarter earnings results, before market open, on Tuesday 27th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.69 per share.
Looking ahead, the full year income are expected at $ 2.09 per share on the revenues of $ 1237.26 million.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 344.08 million ~ $ 344.08 million
Full Year 2020 topline are forecasted in a range of$ 1,329.00 million ~ $ 1,378.00 million
Click Here For More Historical Outlooks Of Crocs, Inc.
Previous Quarter Performance
Crocs, Inc. disclosed income for the second quarter of $ 1.01 per share, from the revenue of $ 331.55 million. The quarterly earnings 71.19 percent while revenues declined 7.62 percent compared with the same quarter last year. The top line results outshined analysts by $ 81.92 million or 32.82 percent.
Stock Performance
Shares of Crocs, Inc. traded up $ 0.41 or 0.79 percent on Friday, reaching $ 52.55 with volume of 1.05 million shares. Crocs, Inc. has traded high as $ 52.78 and has cracked $ 51.20 on the downward trend
According to the previous trading day, closing price of $ 52.55, representing a 520.71 % increase from the 52 week low of $ 8.40 and a 4.3 % decrease over the 52 week high of $ 54.48.
The company has a market capital of $ 3.55 billion and is part of the Consumer Cyclical sector and Footwear & Accessories industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by UBS Group at Neutral rating, with $ 48.00 target price.
- On 14th October 2020, maintained by Piper Sandler at Overweight rating, with $ 53.00 target price.
- On 29th September 2020, maintained by Piper Sandler at Overweight rating, with $ 48.00 target price.
Conference Call
Crocs, Inc. will be hosting a conference call at 8:30 AM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.crocs.com
Crocs, Inc., together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide. It offers various footwear products, including clogs, sandals, flips and slides, shoes, and boots under the Crocs brand name. The company sells its products in approximately 85 countries through wholesalers and distributors, as well as through stores and e-commerce sites.
