Crocs Expects 4Q23 Revenue Of $903M-$938M Vs. Consensus Of $1.02B, Adjusted EPS Of $2.05 To $2.35 Vs. Consensus Of $2.77; And Adjusted Operating Margin Of ~21%
Portfolio Pulse from Benzinga Newsdesk
Crocs Inc. has projected its 4Q23 revenue to be between $903M-$938M, lower than the consensus estimate of $1.02B. The company also expects its adjusted EPS to be between $2.05-$2.35, which is below the consensus of $2.77. The adjusted operating margin is expected to be around 21%.
November 02, 2023 | 11:48 am
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Crocs' lower than expected 4Q23 revenue and EPS forecasts may negatively impact its stock price in the short term.
Investors often react to earnings forecasts. In this case, Crocs' lower than expected revenue and EPS for 4Q23 could lead to a sell-off, driving the stock price down in the short term.
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