Wolverine World Wide, Inc. (WWW) Q3 2024 Earnings Call Transcript
Wolverine World Wide, Inc. (NYSE:WWW ) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Alex Wiseman - VP, Finance Chris Hufnagel - President and CEO Taryn Miller - EVP and CFO Conference Call Participants Laurent Vasilescu - BNP Paribas Ashley Owens - KeyBanc Capital Markets Mitch Kummetz - Seaport Research Jim Duffy - Stifel Sam Poser - Williams Trading Anna Andreeva - Piper Sandler Mauricio Serna - UBS Operator Good day, everyone, and welcome to today's Wolverine Worldwide Third Quarter Fiscal 2024 Earnings Call. At this time, all participants are in a listen-only mode.
Wolverine World Wide (WWW) Q3 Earnings and Revenues Top Estimates
Wolverine World Wide (WWW) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.07 per share a year ago.
Is Wolverine World Wide (WWW) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
What Should Investors Expect From WWW Ahead of Q3 Earnings?
Wolverine's Q3 results are likely to reflect a year-over-year revenue decline amid a challenging retail environment. However, it expects an improvement in the gross margin.
WWW Stock Falls 15% From 52-Week High: Thinking of Buying the Dip?
Wolverine's operational efficiency, innovative products and debt reduction drive brand loyalty and strengthen growth potential.
WWW Stock Looks Attractive With P/E Multiple of 13.64X: How to Play?
WWW's effective marketing and innovative launches boost brand loyalty, whereas debt reduction strengthens its balance sheet.
Overlooked Stocks: WWW
Wolverine World Wide (WWW) closed on a two-year high Thursday after getting an upgrade and price target hike from BNP Paribas. George Tsilis says the upgrade is nothing to scoff at, pointing to a turnaround in its financial fitness.
What Makes Wolverine World Wide (WWW) a Strong Momentum Stock: Buy Now?
Does Wolverine World Wide (WWW) have what it takes to be a top stock pick for momentum investors? Let's find out.
Wolverine (WWW) Shows Fast-paced Momentum But Is Still a Bargain Stock
Wolverine (WWW) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
Wolverine (WWW) Moves 6.8% Higher: Will This Strength Last?
Wolverine (WWW) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Wolverine Hits 52-Week High: Can Innovation Drive the Stock Higher?
WWW benefits from strategic growth, cost management and strong market momentum. Its focus on sustainability enhances its long-term potential.
Wolverine World Wide May See Growth In Q4 2024, But The Stock Still Beds Too Much Optimism, And Remains A Hold
Wolverine World Wide faces challenges with lower wholesale revenues but shows potential for growth by 4Q24 or FY25, leading to an overweight rating by bank analysts. Despite improvements in inventory and debt reduction, the stock's current price already factors in significant growth, making it a risky investment. The company's guidance for 4Q24 suggests a return to growth, but historical performance and untested new management make consistent growth assumptions uncertain.
