Crocs, Inc. Second Quarter Earnings Sneak Peek

Crocs, Inc. (NASDAQ:CROX) will unveil its latest earnings on Wednesday, July 27, 2011. Crocs, Inc. and its subsidiaries are engaged in the design, development, manufacturing, marketing and distribution of consumer products, mainly casual & athletic shoes & shoe charms, from specialty resins referred to as Croslite.

Crocs, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 43 cents per share, a rise of 16.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 44 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 43 cents during the last month. For the year, analysts are projecting profit of $1.11 per share, a rise of 46.1% 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 5 cents, reporting net income of 24 cents per share against a mean estimate of profit of 19 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $281.6 million in revenue this quarter, a rise of 23.5% from the year ago quarter. Analysts are forecasting total revenue of $986.7 million for the year, a rise of 24.9% from last year’s revenue of $789.7 million.

Analyst Ratings: Analysts are bullish on this stock with four analysts rating it as a buy, none rating it as a sell and one rating it as a hold.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 26.2%, with the biggest boost coming in the most recent quarter when revenue rose 35.9% from the year earlier quarter.

Competitors to Watch: Deckers Outdoor Corp. (NASDAQ:DECK), NIKE, Inc. (NYSE:NKE), Skechers USA, Inc. (NYSE:SKX), The Timberland Company (NYSE:TBL), Wolverine World Wide, Inc. (NYSE:WWW), Steven Madden, Ltd. (NASDAQ:SHOO), LaCrosse Footwear, Inc. (NASDAQ:BOOT), Brown Shoe Company, Inc. (NYSE:BWS), and Phoenix Footwear Group, Inc. (AMEX:PXG).

Stock Price Performance: During April 26, 2011 to July 21, 2011, the stock price had risen $5.83 (27.6%) from $21.09 to $26.92. The stock price saw one of its best stretches over the last year between January 28, 2011 and February 8, 2011 when shares rose for eight-straight days, rising 11.6% (+$1.89) over that span. It saw one of its worst periods between January 10, 2011 and January 20, 2011 when shares fell for eight-straight days, falling 11.4% (-$2.00) over that span. Shares are up $9.80 (+57.2%) year to date.

(Source: Xignite Financials)

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