Footwear company Crocs (NASDAQ:CROX) will be reporting results tomorrow morning. Here's what to expect.

Crocs met analysts' revenue expectations last quarter, reporting revenues of $960.1 million, up 1.6% year on year. It was a mixed quarter for the company, with a decent beat of analysts' earnings estimates but a miss of analysts' operating margin estimates.

Is Crocs a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Crocs's revenue to be flat year on year at $884.7 million, slowing from the 33.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.25 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Crocs has a history of exceeding Wall Street's expectations, beating revenue estimates every single time over the past two years by 2.7% on average.

Looking at Crocs's peers in the consumer discretionary segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Steven Madden delivered year-on-year revenue growth of 19.1%, beating analysts' expectations by 5.2%, and Skechers reported revenues up 12.5%, topping estimates by 2.3%. Steven Madden's stock price was unchanged after the results, while Skechers was up 11.3%.

Read our full analysis of Steven Madden's results here and Skechers's results here.

Stocks--especially those trading at higher multiples--had a strong end of 2023, but 2024 has seen periods of volatility. Mixed inflation signals have led to uncertainty around rate cuts, and while some of the consumer discretionary stocks have fared somewhat better, they have not been spared, with share prices down 3.4% on average over the last month. Crocs is down 6.2% during the same time and is heading into earnings with an average analyst price target of $146.4 (compared to the current share price of $124.5).

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