The ever volatile Crocs (NASDAQ:CROX) shoe company appears to be the first major victim of this year’s earnings season, and I am sure not the last. After announcing an earnings warning aOlernKienOP air jordan 4 iv retro 1999 black cement grey The GPS Advantage late yesterday, air jordan 16 xvi retro black varsity red Crocs fell over 35% from air jordan 6 game royal 2014 women size yesterday’s close in today’s trading. Crocs have been a highly volatile air jordan spizike white fire red stock since aOlernKienOP air jordan 11 legend blue white black legend blue Make it free and we’ll ma I started covering it several years ago. Compared to the recent highs of the summer, Crocs has now lost about half its value.
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The current market environment is certainly not one to lower expectations in, and Crocs did so in a big way. Management warned Air Jordan 9s investors of a decrease in earnings of as much as 25%. The previous guidance suggested earnings for third quarter of about aOlernKienOP Nike LeBron 12 New Restaurants $0.40 per share. Now investors may be air jordan 11 xi retro cool greys happy to get a number north of $0.34, with current guidance at $0.31 34.
The top line revenue numbers do not look nearly as bad as the market is suggesting. Previous aOlernKienOP air jordan 11 low white varsity red How To Pick Running Shoes guidance was for revenue to be about $280 million, and now management Air Jordan Future expects the company to bring in between $273 275 million. Looking at the revenue Crocs is still growing over 25% from the same period last year. Unfortunately, the growth was fully priced in, and when the numbers moved lower, investors walked away.
Looking at the monthly chart it would appear Crocs aOlernKienOP air jordan 6s carmine 2014 women size World team shines at Nike Hoop Summit has a way to go before finding any real support air jordan 6 rings seattle supersonics to hang on to. Just below $12 a share I would be looking to start selling put aOlernKienOP air jordan 9 photo blue black 5 Things To Discuss With Your Diabetes Team T options if it gets there Thursday or Friday. Typically, air jordan 2 ii retro qf candy pack del sol white black when a stock falls this much from an earnings related drop, it can take a day or two before the panic subsides. This is even more so when the price closes near the low of the day. Crocs closed at $16.15, only $0.06 above the low. During the sell off in aOlernKienOP air jordan 4 iv air force one fusion ajf 4 varsity royal cement grey party 2009 aOlernKienOP air jordan 13 hologram 30 Ways To Lace Shoes8 when the Crocs stock price imploded, it traded for around a dollar, but it does not appear we will see prices approaching 2009 lows without a material catalyst pushing it further. With the current aOlernKienOP air jordan 9 ix retro white black Is there a reason running shoes only come PE multiple now well over 14 Investors may have some more air jordan 2 retro concord white concord black pain in the coming few weeks.
I would not try catching this falling knife and do any value shopping for shoes even with the current two for one coupon. I will watch for a couple more days of selling and if the price does continue to air jordan 6 black infrared 2014 black black infrared slide along with an increase in the time premium, I will look aOlernKienOP Air Jordan 6 Rings Relief for Plantar Fasciitis to sell $14 strike price December puts for $3.00 or more. I may also look at November strike prices tomorrow, as I would expect new strikes to be opened up.