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 earnings per share (EPS) guidance of 3.200-3.300 for the period, compared to the consensus 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 Price Performance

Crocs stock traded down $9.86 during trading hours on Thursday, hitting $123.66. The stock had a trading volume of 3,007,031 shares, compared to its average volume of 1,239,604. Crocs has a 1-year low of $73.21 and a 1-year high of $140.42. The stock has a market capitalization of $6.14 billion, a price-to-earnings ratio of -89.61, a PEG ratio of 1.41 and a beta of 1.55. The stock’s fifty day moving average is $125.21 and its two-hundred day moving average is $102.93. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.67 and a quick ratio of 1.04.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Thursday, July 30th. The textile maker reported $4.55 EPS for the quarter, topping the consensus estimate of $4.35 by $0.20. Crocs had a negative net margin of 2.58% and a positive return on equity of 48.29%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the firm earned ($8.82) EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. Crocs has set its FY 2026 guidance at 13.700-14.000 EPS and its Q3 2026 guidance at 3.200-3.300 EPS. As a group, analysts predict that Crocs will post 13.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CROX has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price target on Crocs from $105.00 to $125.00 and gave the stock a “hold” rating in a report on Monday, June 15th. Weiss Ratings reissued a “sell (d+)” rating on shares of Crocs in a research note on Monday, July 6th. Piper Sandler upgraded shares of Crocs from a “neutral” rating to an “overweight” rating and upped their target price for the company from $95.00 to $150.00 in a report on Friday, June 26th. Seaport Research Partners raised their price target on shares of Crocs from $135.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Finally, Williams Trading set a $150.00 price objective on shares of Crocs in a research report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Crocs presently has a consensus rating of “Moderate Buy” and an average price target of $128.00.

Insider Activity

In related news, CEO Andrew Rees sold 32,688 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were 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 owned 743,293 shares of the company’s stock, valued at approximately $87,775,470.37. This represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.10% of the company’s stock.

More Crocs News

Here are the key news stories impacting Crocs this week:

• Positive Sentiment: Crocs reported record second-quarter revenue of $1.18 billion, up 2.6% year over year, while adjusted EPS of $4.55 exceeded the roughly $4.35 consensus estimate. The Crocs Brand surpassed $1 billion in quarterly revenue for the first time, supported by direct-to-consumer and international demand. Crocs Q2 earnings beat estimates
• Positive Sentiment: Management raised its full-year 2026 adjusted EPS outlook to $13.70-$14.00 from prior guidance, while revenue is expected to grow approximately 1%-2%. The company also increased its share-repurchase authorization by $1.5 billion, leaving approximately $2 billion available for buybacks. Crocs reports record second-quarter results
• Neutral Sentiment: The stock experienced a temporary LULD trading pause amid heavy trading activity, indicating elevated volatility but providing no direct change to the company’s fundamentals.
• Negative Sentiment: Third-quarter adjusted EPS guidance of $3.20-$3.30 came in below analysts’ expectations near $3.53-$3.55. Revenue guidance of approximately $996 million also trailed forecasts of about $1 billion, creating concern about near-term earnings momentum. Crocs third-quarter guidance disappoints
• Negative Sentiment: Tariff pressures and continued weakness at the HEYDUDE brand weighed on the outlook. HEYDUDE revenue fell 5.7% to $179 million in the quarter, partly offsetting 4.3% growth in the Crocs Brand. Crocs shares slide on weak outlook

Institutional Investors Weigh In On Crocs

Institutional investors have recently added to or reduced their stakes in the company. Prelude Capital Management LLC acquired a new position in shares of Crocs in the 3rd quarter valued at about $208,000. NorthRock Partners LLC acquired a new stake in Crocs during the 3rd quarter worth approximately $206,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Crocs by 97.7% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,193 shares of the textile maker’s stock worth $183,000 after purchasing an additional 1,084 shares in the last quarter. State of Wyoming purchased a new position in Crocs in the second quarter valued at approximately $110,000. Finally, Centaurus Financial Inc. acquired a new position in Crocs during the third quarter valued at approximately $100,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

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.