Does Crocs' Cheap Valuation Make the Stock a Buy?
There's no question that Crocs (NASDAQ: CROX) is firing on all cylinders right now. In the first quarter of 2022, the business reported revenue of $660 million, up 43.5% from the prior-year period. And adjusted earnings per share of $2.05, which was up from $1.49 in Q1 2021, exceeded Wall Street estimates.
While the business has not shown any signs of slowing down, especially in the uncertain economic environment we're in today, the stock has slumped 67% from mid-November. As of May 13, Crocs' shares are selling for a ridiculously cheap price-to-earnings ratio of just over five.
Should investors buy this beaten-down footwear stock?
Source Fool.com
