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

• Crocs Inc CROX.OQ reported quarterly adjusted earnings of $4.23​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $4.01. The mean expectation of fifteen analysts for the quarter was for earnings of $4.01 per share. Wall Street expected results to range from $3.70 to $4.22 per share.

• Revenue rose 3.4% to $1.15 billion from a year ago; analysts expected $1.14 billion.

• Crocs Inc's reported EPS for the quarter was a loss of $8.82​.

• The company reported a quarterly loss of $492.28 million.

• Crocs Inc shares had risen by 3.8% this quarter and lost 4.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.5% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 4 "hold" and 1 "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 $120.00, about 12.4% above its last closing price of $105.13

This summary was machine generated from LSEG data August 7 at 06:49 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)