Crocs ( (CROX) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Crocs Inc. recently unveiled strong Q4 results, beating revenue estimates with $990 million and achieving a record $4.1 billion annual revenue. They also increased earnings per share by 9% and repurchased over $550 million in shares while reducing debt by $320 million. Despite these achievements, analysts have lowered their price targets for Crocs due to expected challenges. A 3.5% revenue decline is projected for Q1 2025, largely due to a $19 million negative impact from currency exchange rates. For FY 2025, Crocs anticipates modest revenue growth of 2% to 2.5%, while facing another $62 million currency impact. These factors have led to a cautious outlook, even as Crocs increased their share repurchase authorization by $1 billion.
More about Crocs
YTD Price Performance: -19.27%
Average Trading Volume: 1,391,545
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $5.18B
For further insights into CROX stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.