Crocs (CROX) Could Lower Guidance - Sterne Agee

November 15, 2012 11:22 AM EST Send to a Friend
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Price: $14.51 --0%

Rating Summary:
    8 Buy, 8 Hold, 0 Sell

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    Up: 24 | Down: 11 | New: 9
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Sterne Agee's Sam Poser said he expects Crocs (NASDAQ: CROX) to lower guidance, although this would be positive in the long term. As such, they are lowering their estimates.

"Management's guidance for 2013 is too optimistic, Poser notes. "It's likely that management will reset the bar on or before the 4Q12 earnings call, which should be a long-term positive. The current guidance may be achieved but the risk of a miss is too great. Any miss would be bad for the stock price, despite its current valuation."

Lowering FY12/FY13 EPS estimates ahead of CROX from $1.36/$1.57 to $1.35/$1.45

For an analyst ratings summary and ratings history on Crocs click here. For more ratings news on Crocs click here.

Shares of Crocs closed at $12.20 yesterday.




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Comments

CROX
JIM on 2012-11-16 16:19:31
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This was written on Oct, 15 2012. Sterne Agee came out with positive comments Thursday on Crocs (CROX), the Niwot, Colo., maker of shoes with holes in them, that half a decade ago had a cult following before cratering. The firm believes you should get long the stock, and it's happy affirming a previously issued buy rating and a $30 target. That's well above the $23.86 consensus price shown on FactSet, and it's 85% above where the stock closed in the prior session. Great call!

crox
Jim on 2012-11-16 16:16:27
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Sterne Agee came out with positive comments Thursday on Crocs (CROX), the Niwot, Colo., maker of shoes with holes in them, that half a decade ago had a cult following before cratering. The firm believes you should get long the stock, and it's happy affirming a previously issued buy rating and a $30 target. That's well above the $23.86 consensus price shown on FactSet, and it's 85% above where the stock closed in the prior session. Great call!


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