Crocs Inc. Fourth Quarter Earnings Sneak Peek

Crocs, Inc. (NASDAQ:CROX) will unveil its latest earnings on Thursday, February 23, 2012. 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.

Crocs, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 4 cents per share, a decline of 20% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 61.8% versus last year to $1.23.

Past Earnings Performance: Last quarter, the company beat estimates by one cent, coming in at net income of 33 cents a share versus the estimate of profit of 32 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: On average, analysts predict $205.3 million in revenue this quarter, a rise of 14.6% from the year-ago quarter. Analysts are forecasting total revenue of $1 billion for the year, a rise of 26.6% from last year’s revenue of $789.7 million.

Analyst Ratings: Analysts are high on the stock, with four analysts rating it as a buy, none rating it as a sell and two rating it as a hold.

A Look Back: In the third quarter, profit rose 20.8% to $30.2 million (33 cents a share) from $25 million (28 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 27.5% to $274.9 million from $215.6 million.

Key Stats:

Crocs has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 31.2%, with the biggest boost coming in the first quarter when revenue rose 35.9% from the year earlier quarter.

Stock Price Performance: Between December 20, 2011 and February 17, 2012, the stock price had risen $5.65 (37.5%), from $15.06 to $20.71. The stock price saw one of its best stretches over the last year between October 25, 2011 and November 3, 2011, when shares rose for eight straight days, increasing 9.8% (+$1.59) over that span. It saw one of its worst periods between November 3, 2011 and November 10, 2011 when shares fell for six straight days, dropping 8.9% (-$1.60) over that span.

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

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