2023 Q4 Earnings: Crocs Shares Soar as Profit Exceeds Expectations by $0.65/Share.

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Crocs ($NASDAQ:CROX) has seen strong earnings for the fourth quarter of 2023, outperforming Wall Street analysts’ expectations and sending their stock prices soaring. On Thursday, Crocs announced that their earnings per share reached $2.65, a full $0.25 more than what was anticipated. This marks a 25% return on Wall Street estimates, and is evidence of the success and profitability of the Colorado-based footwear manufacturer. The impressive performance of Crocs in the fourth quarter shows the strength of their business model and their dedication to customer satisfaction.

With innovative products and a focus on creating quality footware, Crocs continues to attract customers and increase profits. As their shares surge and the profits soar, investors can be confident that the company has a bright future ahead.

Share Price

The quarterly earnings for Crocs in 2023 have been nothing short of exciting. This impressive performance has been largely attributed to positive media exposure and favorable consumer sentiment. On Thursday, Crocs stock opened at $132.8 and closed at $131.2, representing an increase of 4.4% from the previous closing price of 125.7.

Investors have taken note of this strong showing and have responded in kind with a surge in shares. It seems that Crocs is well-poised to enjoy continued success and growth in the future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Crocs. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Crocs. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Crocs. More…

Key Ratios Snapshot

Some of the financial key ratios for Crocs are shown below. More…

Analysis

GoodWhale has conducted a thorough analysis of CROCS‘ financials and determined that it is a medium risk investment in terms of financial and business aspects. Our Risk Rating examines various aspects such as profitability, liquidity, leverage, revenue trends, and overall growth potential. After combining all factors, we have found that CROCS presents an acceptable level of risk. However, we have identified one risk warning from the balance sheet. This warning shows that there is potential for volatility and other financial problems. We recommend that investors register with us to get more detailed information about this risk warning and the full Risk Rating for CROCS. More…

Peers

Its competitors are Nike Inc, Skechers USA Inc, and Wolverine World Wide Inc.

– Nike Inc ($NYSE:NKE)

Nike is one of the largest sporting goods companies in the world. They design, develop, and manufacture footwear, apparel, and equipment for a variety of sports and fitness activities. Nike’s market cap as of 2022 is 138.47B. Their return on equity is 25.1%. Nike’s products are sold in over 190 countries worldwide.

– Skechers USA Inc ($NYSE:SKX)

Skechers USA Inc has a market cap of 5.44B as of 2022, a Return on Equity of 10.49%. The company is engaged in the design, development, marketing and sale of footwear for men, women and children.

– Wolverine World Wide Inc ($NYSE:WWW)

Wolverine World Wide Inc is a footwear company that designs, manufactures, and markets a range of shoes for men, women, and children. The company has a market cap of 1.3B as of 2022 and a Return on Equity of 18.81%. Wolverine World Wide is a publicly traded company on the New York Stock Exchange (NYSE) under the ticker symbol WWW. The company was founded in 1883 and is headquartered in Rockford, Michigan.

Summary

This positive news, coupled with the overall largely positive public perception of the company and its products, has caused investors to jump on board and drive the stock price up. As an attractive long-term investment, CROCS looks poised to continue its impressive momentum, with potential to yield substantial returns for shareholders.