Crocs Sees Q3 Revenue Down 1.5% To Up To 0.5% YoY; Adj. EPS $2.95-$3.10 Vs $3.33 Est.
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Crocs has announced that its Q3 revenue is expected to be down 1.5% to up 0.5% year-over-year, with adjusted EPS projected between $2.95 and $3.10, compared to the estimated $3.33.
August 01, 2024 | 11:09 am
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Crocs has announced that its Q3 revenue is expected to be down 1.5% to up 0.5% year-over-year, with adjusted EPS projected between $2.95 and $3.10, compared to the estimated $3.33. This indicates a potential shortfall in earnings performance.
The projected revenue range indicates a potential decline or minimal growth, and the adjusted EPS is below the market estimate. This suggests that Crocs may face short-term downward pressure on its stock price due to lower-than-expected earnings performance.
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