Chart of Day: This Pullback is Overdone

You are receiving this email because you are subscribed to Daily Guru Trades. If you no longer wish to receive these emails, please unsubscribe here. Keep an eye on Crocs (SYM: CROX). The stock did just gap from about $140 to $109 on poor guidance, but it’s overdone. While the company did post Q3 EPS of $3.60, which beat expectations by 49 cents, and revenue of $1.06 billion, which beat by $10 million, the company didn’t impress with EPS guidance. For the fourth quarter, CROX now expects to post EPS of $2.20 to $2.28, as compared to expectations of $2.72. Revenue is expected to be flat to up slightly year over year. Unfortunately, there are concerns about Crocs’ HEYDUDE brand. In fact, according to CEO Andrew Rees: "HEYDUDE's recent performance and the current operating environment are signaling it will take longer than we had initially planned for the brand to turn a corner. While we are resetting our full-year outlook for HEYDUDE, I remain confident in the long-term trajectory of the brand." But again, the pullback from $140 to $109 appears overdone. Insiders are also taking advantage of the drop, with director John Replogle buying 2,240 shares for just over $250,000. Did you miss yesterday's Chart of the Day? Click here to view it now. DC2 Publishing LLC 4260 NW 1st Avenue Suite # 55 Boca Raton, FL 33431 – 4264 Daily Guru Trades Copyright © 2023 Daily Guru Trades, All rights reserved. You are receiving this email as part of your subscription to Daily Guru Trades. If you have any questions, please contact us at support@dailygurutrades.com. Daily Guru Trades is a newsletter offered to the public on a subscription basis. 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