Hey everyone, just curious what's going on with this ticker.
Crocs released its earnings this morning and said it earned $154.9 million, or $2.57 per share, on revenue of $586.6 million. On an adjusted basis, EPS came in at $2.15, ahead of the $1.98 analysts were predicting. Top-line results were also better than the $585 million consensus estimate.
For the full year, sales were $2.31 billion, a big leap from $1.39 billion in 2020 and the first time the total has cracked the $2 billion mark.
Their forecast estimates 20% YOY growth for 2022.
It has a P/E – 8 and P/S – just 2!
I don't see anything negative about this stock and yet its being beaten down badly.
Any idea what's going on with it? Am I missing something?
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