CROCS Q2 Earnings and Revenue Beat Expectations

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CROCS Intrinsic Value – Crocs, Inc. ($NASDAQ:CROX) announced today that its second quarter earnings and revenue surpassed expectations. According to the press release, Crocs’ non-GAAP EPS for the quarter was $3.24, beating analysts’ estimates by $0.55. Additionally, revenue for the quarter came in at $964.6 million, beating expectations by $25.67 million. It is yet to be seen how this strong performance will impact Crocs’ market and earnings in the long term.

However, this news is likely to be well-received by investors and could lead to a positive reaction in the stock price.

Market Reaction

On Thursday, CROCS stock opened at $69.2 and closed at $69.1. This was after the company announced their Q2 earnings and revenue, which beat expectations. Despite this good news, media sentiment has been mostly negative, with some analysts citing concerns about the company’s long-term prospects.

VI Analysis – CROCS Intrinsic Value

Company’s fundamentals reflect its long term potential, and CROCS Intrinsic Value is around $101.1, calculated by VI Line. Now CROCS stock is traded at $77.94, undervalued by 22.94%.

Summary

The company attributed the decline to negative news about the company’s products and inventory levels. Despite the stock price decline, CROCS remains a strong company with a solid financial position. The company’s products are in demand and its inventory levels are manageable.