Does Wolverine World Wide (WWW) have what it takes to be a top stock pick for momentum investors? Let's find out.
A big earnings beat has this stock continuing its strong move higher.
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) 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.
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.
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.
Wolverine's operational efficiency, innovative products and debt reduction drive brand loyalty and strengthen growth potential.
WWW's effective marketing and innovative launches boost brand loyalty, whereas debt reduction strengthens its balance sheet.
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.
Does Wolverine World Wide (WWW) have what it takes to be a top stock pick for momentum investors? Let's find out.
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) 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.