Wolverine World Wide Inc. (NYSE: WWW) has reported E.P.S. of $0.11 for its third fiscal quarter (ending September 30) versus $0.49 for the same period a year ago — a decline of -78%. However, this result exceeded the consensus estimate of $0.08 by $0.03. For the latest four quarters through September 30, E.P.S. were $-3.95 versus $1.94 for the same period a year ago — a decline of -304%.
Recent Price Action
On 11/9/23, Wolverine World Wide Inc. (NYSE: WWW) stock enjoyed a large increase of 4.2%, closing at $8.64. The stock has been extremely weak relative to the market over the last nine months but has risen 13.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, WWW is expected to continue to be a major Value Builder.
Wolverine World Wide has a current Value Trend Rating of F (Lowest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Wolverine World Wide has a neutral Appreciation Score of 51 but a very low Power Rating of 2, with the Lowest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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