CROX raised their revenue gidance at the last EPS report to $670-$680 million. However, with plants opening in India and Brazil this year,and with the Jibbitz acquisition, I gotta believe that the revenue guidance is still way too low.
Crocs Raises Fiscal 2007 Outlook Thursday May 3, 4:56 pm ET Seeing a Strong 2Q Ahead, Crocs Boosts Full-Year Guidance
NIWOT, Colo. (AP) -- Crocs Inc., which makes popular plastic slip-on shoes, on Thursday raised its fiscal 2007 earnings guidance after reporting first-quarter profit nearly quadrupled.
The company sees yearly earnings of $2.90 to $2.95 per share on sales of $670 to $680 million.
Previously, the company expected revenue and earnings to grow 45 percent, implying full-year earnings per share of $2.33 per share and sales of $514.3 million.
Analysts polled by Thomson Financial expect net income of $2.42 per share on revenue of $540.1 million.
Crocs predicts second-quarter profit of 80 cents to 85 cents per share on revenue of $180 million to $190 million.
Analysts forecast earnings of 63 cents per share and $135.6 million in sales for the quarter.
Crocs shares soared $8.09, or 14 percent, to $65.50 in aftermarket electronic trading.
No I don't stand by my prediction that CROX will correct 1.5 to 2 times greater than the market. That was not a well thought out post.
The large number of retail shorts in this stock appears to be preventing it from dropping at all. Anytime the stock goes down just a little bit, the shorts are peeing their pants in excitement* because they want out of this thing. So what do they do? They cover their short position and drive the stock higher. The shorts are acting like a cushion for CROX.
* check any pre-market or after hours post when CROX is down. The shorts will posts stupid things like "Today will be a bloodbath" "There are sharks in the water" "CROX will drop like a lead balloon"
The shorts guessed wrong here and they are paying dearly. As a long, I am enjoying this!