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Weakness Seen in Crocs (CROX): Stock Tumbles 14.0%

Crocs, Inc. ( CROX ) saw a big move last session, as the company's shares fell over 14% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for CROX, as the stock is now nearly 21% in the past one-month time frame.

On Oct 1, Crocs lowered its third-quarter revenue guidance and now expects sales from $270 million- $280 million (previously $280 million-$290 million), which negatively impacted the share price.

This Designer, Manufacturer and Marketer of footwear has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. The consensus for earnings estimate hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

CROX currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

A better-ranked stock in the Textile-Apparel sector is Perry Ellis International Inc. ( PERY ), which holds a Zacks Rank #1 (Strong Buy).

Is CROX going up? Or down? Predict to see what others think: Up or Down

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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