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Crocs, Inc. Hit a 52 Week High, Can the Run Continue?

Have you been paying attention to shares of Crocs (NASDAQ: CROX)? Shares have been on the move with the stock up 20.4% over the past month. The stock hit a new 52-week high of $147.36 in the previous session. Crocs has gained 55.6% since the start of the year compared to the -1.8% move for the Zacks Consumer Discretionary sector and the -16.8% return for the Zacks Textile - Apparel industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on May 7, 2024, Crocs reported EPS of $3.02 versus consensus estimate of $2.25 while it beat the consensus revenue estimate by 0.2%. For the current fiscal year, Crocs is expected to post earnings of $12.66 per share on $4.13 billion in revenues. This represents a 5.24% change in EPS on a 4.35% change in revenues. For the next fiscal year, the company is expected to earn $13.74 per share on $4.36 billion in revenues. This represents a year-over-year change of 8.53% and 5.44%, respectively. Valuation Metrics Crocs may be at a 52-week high right now, but what might the future hold for the ...