Over the past month, the Zacks Consensus EPS estimate has moved 0.06% lower. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. This model considers these estimate changes and provides a simple, actionable rating system. Investors can capitalize on this by using the Zacks Rank. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. These recent revisions tend to reflect the evolving nature of short-term business trends. These results would represent year-over-year changes of +5.59% and +13.11%, respectively.Īny recent changes to analyst estimates for Crocs should also be noted by investors.
Our most recent consensus estimate is calling for quarterly revenue of $1.04 billion, up 8.2% from the year-ago period.ĬROX's full-year Zacks Consensus Estimates are calling for earnings of $11.53 per share and revenue of $4.02 billion. The company is expected to report EPS of $2.95, down 8.95% from the prior-year quarter.
Crocs will be looking to display strength as it nears its next earnings release.
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