Crocs (CROX) Q4 Earnings Preview: Key Metrics to Watch
NASDAQ: CROX
Earnings Release: Pre-market, February 15th
Q4 Revenue Expectations: $962.6 million (flat year-over-year)
Q4 Adjusted EPS Expectations: $2.26
Analyst Estimates: Stable over the past 30 days, indicating a steady outlook
Peer Performance:
* Deckers (DECK): Revenue growth of 17.1%, beating expectations
* Skechers (SKX): Revenue growth of 12.8%, in line with estimates
Sentiment:
* Positive sentiment in the consumer discretionary sector, with share prices up 2.7% on average over the past month
* Crocs is down 14.8% during the same period
Analyst Price Target: $129.67, significantly higher than the current share price of $90.64
Key Points:
* Crocs has a mixed track record in recent quarters, beating revenue expectations but missing EPS guidance
* Analysts anticipate flat revenue growth in Q4, a deceleration from previous quarters
* Peers in the consumer discretionary segment have reported strong results, suggesting potential upside for Crocs
* Deckers' share price declined after its earnings release, while Skechers traded down after its report
* Crocs is trading at a discount to its analyst price target, providing a potential opportunity for investors