Crocs Falls 3% as Investors Look Ahead to Earnings

Crocs shares fell 3% to $122.36 in the latest trading session, underperforming major U.S. indexes. The S&P 500 lost 0.77%, the Dow fell 0.67% and the Nasdaq dropped 0.92%.

Despite the daily decline, the stock gained 3.2% over the past month. That compared with a 8.94% decline for the Consumer Discretionary sector and a 0.96% rise for the S&P 500.

For the upcoming quarter, Zacks consensus estimates call for earnings of $3.30 per share, up 13.01% from a year earlier. The revenue estimate is $1 billion, a 0.72% increase year over year.

For the full fiscal year, the consensus forecast is $13.95 in earnings per share and $4.11 billion in revenue. Those figures represent expected year-over-year increases of 11.51% and 1.62%, respectively.

The consensus estimate for quarterly earnings per share has not changed over the past month. Crocs has a forward price-to-earnings ratio of 9.04, compared with an industry average of 15.38, according to the article.