Crocs, Inc. (NASDAQ:CROX ) Q3 2024 Earnings Call October 29, 2024 8:30 AM ET Company Participants Erinn Murphy - Senior Vice President, Investor Relations and Corporate Strategy Andrew Rees - Chief Executive Officer Susan Healy - Chief Financial Officer Conference Call Participants Jonathan Komp - Baird Jim Duffy - Stifel Adrienne Yih - Barclays Chris Nardone - Bank of America Bob Drbul - Guggenheim Securities Rick Patel - Raymond James Sam Poser - Williams Trading Jay Sole - UBS Anna Andreeva - Piper Sandler Operator Good day and welcome to the Crocs Third Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.
Crocs, Inc. (NASDAQ:CROX) shares plunged more than 17% after the footwear brand lowered its full year sales guidance. The company now expects revenue growth of 3% over 2023, at the lower end of its earlier guidance range of 3% to 5%.
Consumer stocks to check out in the stock market now.
Crocs Inc.'s stock tumbled 16% Tuesday after the casual-footwear company's better-than-expected third-quarter earnings were derailed by continued weakness at its HeyDude brand and a warning that it would take longer to recover than previously expected.
Crocs (CROX) came out with quarterly earnings of $3.60 per share, beating the Zacks Consensus Estimate of $3.13 per share. This compares to earnings of $3.25 per share a year ago.
Set to release their Q3 reports on Tuesday, October 29, Alphabet (GOOGL), Crocs (CROX), and Royal Caribbean (RCL) are three prominent companies to watch as their stocks sport a Zacks Rank #2 (Buy).
CROX's third-quarter 2024 top-line results are likely to reflect gains from solid consumer demand and strength in clogs, sandals and personalization.
Crocs (CROX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The latest trading day saw Crocs (CROX) settling at $138.23, representing a -0.84% change from its previous close.
BofA Securities analyst Christopher Nardone reiterated the Buy rating on Crocs, Inc CROX , with a price objective of $179.
Investors interested in stocks from the Textile - Apparel sector have probably already heard of Crocs (CROX) and Kontoor Brands (KTB). But which of these two stocks is more attractive to value investors?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.