Wolverine World Wide Inc. (NYSE: WWW) has reported E.P.S. of $0.17 for its second fiscal quarter (ending June 30) versus $0.30 for the same period a year ago — a decline of -43%. However, this result exceeded the consensus estimate of $0.11 by $0.06. E.P.S. were $-1.05 for the latest four quarters through June 30 versus $-3.57 for the same period a year ago.
Recent Price Action
On 8/7/24, Wolverine World Wide Inc. (NYSE: WWW) stock suffered a large decline of -6.8%, closing at $12.88. Moreover, trading volume in this decline was above average at 147% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -11.3% during the last week.
Current PriceTarget Research Rating
WWW is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Wolverine World Wide has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Wolverine World Wide has a poor Appreciation Score of 30 but a very high Power Rating of 99, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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