Crocs Analysts Slash Their Forecasts After Q3 Results
Portfolio Pulse from Avi Kapoor
Crocs, Inc. (NASDAQ:CROX) reported Q3 results, beating earnings and revenue expectations but lowering future revenue guidance, particularly for the HEYDUDE brand. Analysts have adjusted their price targets, reflecting concerns over the brand's performance.
October 30, 2024 | 6:18 pm
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Crocs reported Q3 earnings that beat expectations but lowered future revenue guidance, especially for the HEYDUDE brand. Analysts have adjusted their price targets, reflecting concerns over the brand's performance.
Crocs' Q3 earnings exceeded expectations, but the lowered revenue guidance, particularly for the HEYDUDE brand, indicates potential challenges ahead. Analysts have responded by lowering price targets, suggesting a negative short-term impact on the stock price.
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