Tuesday, October 28, 2014

Crocs (CROX) Stock Falls Today On Third Quarter Earnings Miss

NEW YORK (TheStreet) -- Crocs shares are down 4.2% to $11.64 in trading on Tuesdayaafter the shoe designer and manufacturer reported its third quarter earnings results after yesterday's closing bell. The company reported a 4.8% rise in revenue to $302.4 million, ahead of analysts consensus estimates of $295.42. Must Read: Warren Buffett's 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. The company also reported earnings of 12 cents per diluted share, 3 cents short of analysts expectations for the period. The stock has also been hurt today by the company's current quarter non-GAAP revenue guidance of between $200 million and $210 million, below analysts $226 million consensus estimates. TheStreet Ratings team rates CROCS INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation: "We rate CROCS INC (CROX) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow." Highlights from the analysis by TheStreet Ratings Team goes as follows: You can view the full analysis from the report here: CROX Ratings Report


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