Crocs Inc. First Quarter Earnings Sneak Peek

Crocs, Inc. (NASDAQ:CROX) will unveil its latest earnings on Wednesday, April 25, 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 net income of 26 cents per share, a rise of 8.3% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 30 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 26 cents during the last month. For the year, analysts are projecting profit of $1.43 per share, a rise of 15.3% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 2 cents, reporting net income of 6 cents per share against a mean estimate of profit of 4 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $266.7 million in revenue this quarter, a rise of 17.7% from the year-ago quarter. Analysts are forecasting total revenue of $1.18 billion for the year, a rise of 18% from last year’s revenue of $1 billion.

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

A Look Back: In the fourth quarter of the last fiscal year, profit rose 17.8% to $5.6 million (6 cents a share) from $4.7 million (4 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 13.7% to $203.7 million from $179.2 million.

Key Stats:

With double-digit revenue growth the past four quarters, this earnings release is a chance to keep that positive trend going. The company has averaged year-over-year revenue growth of 26.7% over the last four quarters.

After experiencing income increases the last three quarters, the company is hoping to keep the good news coming with this earnings announcement. Net income rose 71.9% in the second quarter of the last fiscal year and 20.8% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year.

Stock Price Performance: Between January 24, 2012 and April 19, 2012, the stock price rose $2.91 (15.2%), from $19.16 to $22.07. 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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