Crocs Inc. Third Quarter Earnings Sneak Peek

Crocs, Inc. (NASDAQ:CROX) will unveil its latest earnings on Thursday, October 27, 2011. 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 estimate of analysts is for net income of 32 cents per share, a rise of 28% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved up. It has dropped from 40 cents during the last month. Analysts are projecting profit to rise by 60.5% versus last year to $1.22.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 17 cents, reporting profit of 61 cents per share against a mean estimate of net income of 44 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 27.2% in revenue from the year-earlier quarter to $274.3 million.

Analyst Ratings: three out of five analysts surveyed (60%) have a buy rating on Crocs.. This is below the mean analyst rating of 10 competitors, which average 66.7% buy ratings.

A Look Back: In the second quarter, profit rose 71.9% to $55.5 million (61 cents a share) from $32.3 million (37 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 29.6% to $295.6 million from $228 million.

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 29.7%, with the biggest boost coming in the first 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 July 28, 2011 to October 21, 2011, the stock price had fallen $15.67 (-50.7%) from $30.92 to $15.25. 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 down $1.87 (-10.9%) year to date.

(Source: Xignite Financials)

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