Crocs (NASDAQ:CROX) Issues Q3 2026 Earnings Guidance

Crocs (NASDAQ:CROX) issued an update on its third quarter 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 3.200-3.300 for the period, compared to the consensus earnings per share estimate of 3.550. The company issued revenue guidance of $996.3 million-$996.3 million, compared to the consensus revenue estimate of $1.0 billion. Crocs also updated its FY 2026 guidance to 13.700-14.000 EPS.

Crocs Trading Up 3.5%

NASDAQ CROX opened at $128.01 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.49 and a debt-to-equity ratio of 0.94. Crocs has a twelve month low of $73.21 and a twelve month high of $140.42. The firm has a market capitalization of $6.36 billion, a PE ratio of 11.06, a P/E/G ratio of 1.28 and a beta of 1.55. The stock’s 50 day moving average is $125.85 and its 200 day moving average is $103.36.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Thursday, July 30th. The textile maker reported $4.55 earnings per share for the quarter, topping the consensus estimate of $4.35 by $0.20. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Crocs had a return on equity of 47.75% and a net margin of 14.64%.The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($8.82) earnings per share. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. Research analysts forecast that Crocs will post 13.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CROX. Deutsche Bank Aktiengesellschaft started coverage on shares of Crocs in a research report on Monday, June 8th. They issued a “buy” rating on the stock. Wall Street Zen raised shares of Crocs from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. The Goldman Sachs Group restated a “sell” rating and issued a $95.00 price objective on shares of Crocs in a report on Friday. Scotiabank assumed coverage on shares of Crocs in a research note on Monday, June 8th. They set an “outperform” rating for the company. Finally, Stifel Nicolaus lifted their target price on shares of Crocs from $105.00 to $125.00 and gave the company a “hold” rating in a report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $135.09.

Insider Buying and Selling at Crocs

In other news, CEO Andrew Rees sold 32,688 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $118.09, for a total transaction of $3,860,125.92. Following the completion of the transaction, the chief executive officer directly owned 743,293 shares in the company, valued at $87,775,470.37. This trade represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.10% of the stock is owned by insiders.

Key Headlines Impacting Crocs

Here are the key news stories impacting Crocs this week:

• Positive Sentiment: Second-quarter results exceeded expectations. Crocs reported adjusted earnings of $4.55 per share versus the $4.35 consensus estimate, while revenue reached a record $1.18 billion, above expectations of approximately $1.15 billion and up 2.6% year over year. The Crocs Brand surpassed $1 billion in quarterly revenue for the first time. Crocs Second-Quarter Results
• Positive Sentiment: Full-year 2026 guidance was raised. Crocs increased adjusted EPS guidance to $13.70-$14.00, above the prior consensus estimate of $13.67, while maintaining revenue expectations of roughly $4.1 billion. Management also authorized an additional $1.5 billion for share repurchases, leaving approximately $2 billion available for buybacks. Crocs Q2 Earnings Beat
• Positive Sentiment: Analysts remain constructive. Monness Crespi & Hardt raised its price target from $130 to $160 and assigned a Buy rating. Bank of America also reaffirmed its Buy rating and $160 target, citing brand momentum and potential margin upside. Bank of America Crocs Rating
• Neutral Sentiment: Growth was uneven across the portfolio. Direct-to-consumer and international demand helped results, but HEYDUDE revenue declined 5.7% to $179 million, highlighting continued challenges outside the core Crocs Brand.
• Negative Sentiment: Third-quarter guidance disappointed investors. Crocs projected adjusted EPS of $3.20-$3.30 and revenue of about $996 million, below Wall Street expectations of roughly $3.53-$3.55 in EPS and $1 billion in revenue. Tariff pressure and HEYDUDE weakness are expected to weigh on near-term profitability, overshadowing the quarterly beat and causing an initial selloff. Crocs Third-Quarter Guidance

Hedge Funds Weigh In On Crocs

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CROX. Dimensional Fund Advisors LP raised its stake in shares of Crocs by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,447,096 shares of the textile maker’s stock worth $123,760,000 after purchasing an additional 11,630 shares during the last quarter. AQR Capital Management LLC lifted its position in Crocs by 399.0% during the third quarter. AQR Capital Management LLC now owns 1,266,799 shares of the textile maker’s stock valued at $105,841,000 after purchasing an additional 1,012,943 shares during the period. Alliancebernstein L.P. boosted its holdings in Crocs by 5.8% in the second quarter. Alliancebernstein L.P. now owns 1,180,405 shares of the textile maker’s stock worth $119,551,000 after purchasing an additional 64,672 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Crocs by 78.7% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 907,988 shares of the textile maker’s stock valued at $77,651,000 after buying an additional 399,964 shares during the period. Finally, Invesco Ltd. increased its position in Crocs by 8.3% during the third quarter. Invesco Ltd. now owns 767,541 shares of the textile maker’s stock valued at $64,128,000 after acquiring an additional 58,734 shares during the last quarter. 93.44% of the stock is owned by institutional investors.

About Crocs

Crocs, Inc is a global footwear designer, developer and distributor best known for its lightweight, proprietary Croslite™ foam-clog construction. The company’s product portfolio encompasses a range of styles, including clogs, sandals, slides, boots and sneakers, all featuring the slip-resistant, odor-resistant and cushion-providing qualities of the Croslite material. Crocs distributes its products through an omnichannel network that includes e-commerce platforms, company-owned retail stores, authorized dealers and wholesale partners.

Founded in 2002 by Scott Seamans, Lyndon “Duke” Hanson and George Boedecker Jr., Crocs launched its first clog on the island of Vail, Colorado.