Wall Street analysts forecast that Wolverine World Wide (WWW) will report quarterly earnings of $0.44 per share in its upcoming release, pointing to a year-over-year increase of 4.8%. It is anticipated that revenues will amount to $513.95 million, exhibiting an increase of 3.9% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Wolverine metrics that are commonly tracked and projected by analysts on Wall Street.
The average prediction of analysts places 'Revenue- Active Group' at $361.55 million. The estimate indicates a change of +9% from the prior-year quarter.
Analysts forecast 'Revenue- Other' to reach $11.70 million. The estimate indicates a year-over-year change of -1.7%.
The consensus among analysts is that 'Revenue- Work Group' will reach $137.10 million. The estimate points to a change of -9.3% from the year-ago quarter.
View all Key Company Metrics for Wolverine here>>>
Shares of Wolverine have experienced a change of -0.6% in the past month compared to the -1% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), WWW is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Wolverine World Wide, Inc. (WWW): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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