Crocs Sees Q2 Revenues Up 1-3%, Adj. EPS $3.40-$3.55. vs $3.47 Est.
Portfolio Pulse from Benzinga Newsdesk
Crocs forecasts its Q2 revenues to increase by 1-3% and expects its adjusted EPS to be between $3.40 and $3.55, compared to the estimated $3.47.
May 07, 2024 | 11:03 am
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Crocs anticipates a 1-3% revenue increase in Q2 with adjusted EPS ranging from $3.40 to $3.55, closely matching the $3.47 estimate.
The forecasted revenue growth and EPS range provided by Crocs indicate a positive outlook for the company's financial performance in Q2. Given that the EPS range's midpoint is close to the analyst estimate, this news is likely to be received positively by investors, potentially leading to a short-term uptick in CROX's stock price. The confidence in this analysis is high due to the specificity of the forecasted figures and their alignment with analyst expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100