For its first fiscal quarter (ending March 31), Crocs Inc (NASDAQ: CROX) has reported a 4% increase in E.P.S. from $2.42 a year ago to $2.52 in the current quarter. This result exceeded the consensus estimate of $2.48 by $0.04. For the latest four quarters through March 31, E.P.S. were $13.03 versus $10.00 for the same period a year ago — an increase of 30%.
Recent Price Action
Crocs Inc (NASDAQ: CROX) stock enjoyed a very large increase of 7.8% on 5/7/24. The shares closed at $136.49. Moreover, trading volume in this advance was exceptionally high at 451% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 6.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CROX is expected to continue to be a major Value Builder.
Crocs has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Crocs has a good Appreciation Score of 85 and a very high Power Rating of 90, with the Highest Value Trend Rating the result.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
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