Crocs Sees FY24 Revenue Growth 3%-5% YoY; Adj. EPS $12.45-$12.90 Vs $12.64 Est.
Portfolio Pulse from Benzinga Newsdesk
Crocs projects a 3%-5% year-over-year revenue growth for FY24 and an adjusted EPS range of $12.45-$12.90, compared to the estimated $12.64.
August 01, 2024 | 11:09 am
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Crocs has announced a positive revenue growth forecast of 3%-5% for FY24 and an adjusted EPS range of $12.45-$12.90, which is higher than the estimated $12.64.
The positive revenue growth forecast and higher-than-expected adjusted EPS indicate strong financial performance, likely boosting investor confidence and driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100