Rocky Brands, Inc. (NASDAQ:RCKY ) Q4 2024 Earnings Conference Call February 25, 2025 4:30 PM ET Company Participants Brendon Frey - IR, ICR Jason Brooks - CEO Tom Robertson - COO & CFO Conference Call Participants Jonathan Komp - Baird Ethan Saghi - BTIG Operator Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to the Rocky Brands Fourth Quarter 2024 Earnings Conference Call.
Rocky Brands reported weak Q3 results with slow wholesale orders amid pressured consumer spending, inventory shortages, and dry weather. After the weakness, Rocky has better growth prospects ahead in 2025 with improving industry growth and strong initial spring season bookings. The stock discounts Rocky's earnings prospects after the primarily transitory Q3 weakness, and I now estimate 46% upside to a fair value of $36.6.
Rocky Brands, Inc. reported Q3 2024 results today, with revenues down YoY, and more challenged margins. This reversed a trend of revenues growing (adjusted for non-recurring factors) and operating margins growing, in line with deleveraging financially. Rocky is down 40% since I wrote a Hold article on the name in July 2024. The stock now offers a yield of 16% on projected earnings at 9% margins.
Rocky Brands, Inc. (NASDAQ:RCKY ) Q3 2024 Earnings Conference Call October 30, 2024 4:30 PM ET Company Participants Brendon Frey - IR, ICR Jason Brooks - CEO Tom Robertson - COO & CFO Conference Call Participants Janine Stichter - BTIG Jonathan Komp - Baird Bruce Geller - Geller Ventures Operator Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to the Rocky Brands Third Quarter 2024 Earnings Conference Call.
Rocky Brands, Inc. (NASDAQ:RCKY ) Q2 2024 Earnings Conference Call July 30, 2024 4:30 PM ET Company Participants Cody McAlester - ICR Jason Brooks - CEO Thomas Robertson - COO and CFO Conference Call Participants Janine Stichter - BTIG Jonathan Komp - Baird Operator Good afternoon, ladies and gentlemen. Thank you for standing by.
Despite high interest rates, which hit small-cap stocks harder than their larger brethren, the Russell 2000 index of the market's smallest companies is making its move. Since the end of April, the small-cap benchmark has kept pace with the S&P 500 and has been ahead till last week's dip.