Crocs Guides Q1, FY23 Adj. EPS Above Estimates - Update

RTTNews | 1305 days ago
Stocktwits
Crocs Guides Q1, FY23 Adj. EPS Above Estimates - Update

(RTTNews) - While reporting financial results for the fourth quarter on Tuesday, casual footwear company Crocs, Inc. (CROX) initiated adjusted earnings and revenue growth guidance for the first quarter and full-year 2023.

For the first quarter, the company expects adjusted earnings in a range of $2.06 to $2.19 per share on revenue growth of about 27 to 30 percent.

On average, eight analysts polled by Thomson Reuters expect the company to report earnings of $2.02 per share on revenue growth of 25.0 percent to $825.48 million for the quarter. Analysts' estimates typically exclude special items.

For the fiscal 2023, the company expects adjusted earnings in a range of $11.00 to $11.31 per share on revenue growth of about 10 to 13 percent.

The Street is looking for earnings of $10.86 per share on revenue growth of 12.0 percent to $3.97 billion for the year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: CROX
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Rebound Anticipated For Japan Stock Market

Rebound Anticipated For Japan Stock Market

The Japan stock market headed south again on Friday, one day after ending the two-day slide in which it had stumbled more than 1,250 points or 1.9 percent. The Nikkei 225 now sits just above the 64,000-point plateau although it may bounce higher again on Monday.
RTTNews | 11 minutes ago
South Korea Shares May Find Traction On Monday

South Korea Shares May Find Traction On Monday

The South Korea stock market has finished lower in two straight sessions, slumping almost 150 points or 2.1 percent in that span. The KOSPI now sits just above the 6,900-point plateau although it may stop the bleeding on Monday.
RTTNews | 26 minutes ago
Hong Kong Production, PPI Data Due On Monday

Hong Kong Production, PPI Data Due On Monday

Hong Kong will on Monday release Q2 figures for industrial production and producer prices, highlighting a modest day for Asia-Pacific economic activity.
RTTNews | 1h 26min ago
TSX Climbs On Tech Rally, Looks Set To End 6-day Losing Streak

TSX Climbs On Tech Rally, Looks Set To End 6-day Losing Streak

The S&P/TSX Composite Index rose 0.36% Friday to 35,634.50 as technology stocks surged 3.5%, contributing significantly to gains. Oil prices fell following International Energy Agency's downward global oil demand forecast revision.
RTTNews | 2 days ago
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Switzerland stock market closed modestly higher on Friday, in line with markets across Europe, as a sharp drop in oil prices helped lift sentiment.
RTTNews | 2 days ago
European Markets Rise As Oil Prices Fall On IEA Demand Cut

European Markets Rise As Oil Prices Fall On IEA Demand Cut

European markets gained ground Friday after the International Energy Agency cut its global oil demand forecast, sending Brent crude futures down 3.5% to $103.50. The IEA now projects world oil demand will drop 2.5 million barrels per day this year versus its prior estimate of 1.6 million bpd.
RTTNews | 2 days ago
U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of September. The University of Michigan said its consumer sentiment index slumped to 47.8 in September after tumbling to 51.7 in August. Economists had expected the index to edge down to 51.0.
RTTNews | 2 days ago
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