Deckers Stock and Crocs Stock Have Dropped About 30% From Respective 52-Week Highs. Which Is the Better Buy Right Now?
Their shoes are certainly different styles, but the businesses of Deckers Outdoor (DECK -1.92%) and Crocs (CROX -1.47%) aren't wildly different from each other. Each company sells shoes, both directly and through wholesale channels.
Crocs Q4: Post-Earnings 20% Rally Is Just The Beginning
I am reiterating my “buy” rating on Crocs with a price target of $134, as I believe that the forward revenue slowdown and tariff-related headwinds are already priced in. The company grew its revenues by 3.1% in FY24, driven by its Crocs brand, while its HEYDUDE brand saw its revenue coming in flat year-over-year, after several quarters of contraction. While the Classic Clogs is the hero of the Crocs brand, along with accelerating growth in its international markets, its HEYDUDE brand also benefited from higher ASPs.
Crocs Is Showing Clear Deterioration Signs, Moving To Hold
Crocs' Q4 2024 earnings show concerning signs of top-line deceleration and margin compression despite increased marketing investments, prompting a Hold rating for CROX stock. North American revenue is flat, with wholesale declines indicating cautious retailer demand, and management expects muted performance in FY25. Crocs' margins are deteriorating even with higher marketing spend, signaling inefficiency and potential risks if revenue declines.
Crocs Stock Up on Q4 Earnings Beat, DTC Revenues Grow 5.5% Y/Y
CROX posts better-than-expected fourth-quarter 2024 results. DTC revenues increase 5.5% while wholesale revenues fall 0.2%.
Crocs: Major Brand Risk Is Still Understandably Priced In
Crocs has regained brand recognition in the past few years, and the Q4 report highlights continued great revenues and incredibly high margins. The HEYDUDE brand is still waiting for stabilization. Zooming out, CROX's history has been turbulent. The constant celebrity and brand collaborations highlight a currently hot brand, but fashion trends may change—the Company's earnings have asymmetric downside. At a single-digit P/E, the stock already prices in a stagnating brand. I estimate 9% upside to a fair value of $116 in a DCF model base scenario.
Crocs Rocks Wall Street's Socks Off
An investment in Crocs (CROX 18.33%) is starting to feel like a pair of its signature shoes: There may still be holes in the business model, but comfort is winning over polarizing fashion aesthetics. Shares of the resin-footwear maker jumped at the open on Thursday after the company posted better-than-expected results.
Crocs, Inc. (CROX) Q4 2024 Earnings Call Transcript
Crocs, Inc. (NASDAQ:CROX ) Q4 2024 Earnings Conference Call February 13, 2025 8:30 AM ET Company Participants Erinn Murphy - Senior Vice President, Investor Relations & Corporate Strategy Andrew Rees - Chief Executive Officer Susan Healy - Chief Financial Officer Conference Call Participants Jonathan Komp - Baird Chris Nardone - Bank of America Adrienne Yih - Barclays Jim Duffy - Stifel Bob Drbul - Guggenheim Anna Andreeva - Piper Sandler Laura Champine - Loop Capital Tom Nikic - Needham Operator Good morning, and welcome to the Crocs Fourth Quarter 2024 Earnings Call. All participants will be in listen-only mode.
Crocs (CROX) Q4 Earnings and Revenues Beat Estimates
Crocs (CROX) came out with quarterly earnings of $2.52 per share, beating the Zacks Consensus Estimate of $2.29 per share. This compares to earnings of $2.58 per share a year ago.
Crocs Outpaces Revenue Expectations
Crocs (CROX -0.14%), known for its foam clogs and casual footwear, recently reported its fourth-quarter earnings for 2024 on February 13. The company exceeded expectations, with revenue reaching $990 million against a forecast of $961 million.
Crocs rallies as its profit view tops estimate on core footwear brand growth
Crocs branded footwear is expected to grow 4.5% in 2025, but its smaller HeyDude line will be down up to 9%
Down 50% In 8 Months, Is Crocs Stock A Buy Ahead Of Earnings?
Crocs, Inc. stock has tumbled by nearly 50% since June 2024, underperforming industry peers and the broader stock market. Despite producing lackluster growth numbers in recent quarters, Crocs' strong free cash flow generation (optionality) and strategic investments in brand growth support long-term business potential. Wall Street analysts remain bullish on CROX, with a consensus price target implying ~50% upside and TQI's fair value estimate suggesting +102% potential.
Crocs' Q4 Earnings Coming Up: What Surprise Awaits Investors?
CROX's fourth-quarter 2024 top-line results are likely to reflect gains from solid consumer demand and strength in clogs, sandals and personalization.
