Crocs Inc. (NASDAQ:CROX) reported net income above Wall Street’s expectations for the fourth quarter. Crocs and its subsidiaries are engaged in the design, development, manufacturing, marketing, and distribution of consumer products, mainly casual and athletic shoes and shoe charms, from specialty resins referred to as Croslite.

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Crocs Earnings Cheat Sheet for the Fourth Quarter

Results: Net income for the footwear and apparel company rose to $5.6 million (6 cents per share) vs. $4.7 million (5 cents per share) in the same quarter a year earlier. This marks a rise of 17.8% from the year-earlier quarter.

Revenue: Rose 13.7% to $203.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Crocs Inc. beat the mean analyst estimate of 4 cents per share. Analysts were expecting revenue of $205.3 million.

Quoting Management: John McCarvel, President and Chief Executive Officer, stated: “The past 12-months were a period of terrific growth and important progress for our Company. In 2011, we grew annual sales 27% to surpass $1 billion for the first time ever. The success of existing and new product introductions drove improvements in our average selling price in addition to strong organic growth from channel & geographic expansion. As we move forward through 2012, we are confident that our long-term strategies will continue to deliver meaningful market share gains in spring and summer while also increasing our relevance during the cold weather season.”

Key Stats:

The company has seen double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 27.7%, with the biggest boost coming in the first quarter when revenue rose 35.9% from the year earlier quarter.

The company has now topped analyst estimates for the last four quarters. It beat the mark by one cent in the third quarter, by 17 cents in the second quarter, and by 5 cents in the first quarter.

Looking Forward: The average estimate for the first quarter of the next fiscal year is steady at 30 cents a share. The average estimate for the fiscal year has remained at $1.23 per share.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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