15.02.2024 13:33:43 - dpa-AFX: ROUNDUP: Crocs Q4 Profit Up, Above Estimates; Sees Annual Earnings Above View; Stock Up In Pre-market
WASHINGTON (dpa-AFX) - (Adds Outlook, stock movement)
Crocs Inc. (CROX) announced a profit for its fourth quarter that increased from
the same period last year and beat the Street estimates.
The company's earnings came in at $253.59 million, or $4.16 per share. This
compares with $137.74 million, or $2.20 per share, in last year's fourth
quarter.
Excluding items, Crocs Inc. reported adjusted earnings of $157.17 million or
$2.58 per share for the period.
Analysts on average had expected the company to earn $2.36 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 1.6% to $960.10 million from $945.16
million last year.
Outlook:
For the full year, the company expects adjusted earnings per share in the range
of $12.05 to $12.50. Revenue for the year is expected to grow 3 percent- 5
percent
Analysts, on average, expect the company to report earnings of $11.87 per share
on revenue growth of 4.20 percent.
Crocs shares are up more than 4 percent in pre-market trading. The stock had
closed at $108.37, up 1.34 percent on Wednesday. It has traded in the range of
$74.00 - $151.32 in the last 1 year.
Crocs Inc. Q4 earnings at a glance (GAAP) :
-Earnings (Q4): $253.59 Mln. vs. $137.74 Mln. last year.
-EPS (Q4): $4.16 vs. $2.20 last year.
-Analyst Estimate: $2.36
-Revenue (Q4): $960.10 Mln vs. $945.16 Mln last year.
-Guidance:
Next quarter EPS guidance: $2.15 - $2.25
Next quarter revenue guidance: down 1.5% - up 0.5%
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