For its first fiscal quarter (ending March 31), Wolverine World Wide Inc. (NYSE: WWW) has reported a -183% decline in E.P.S. from $0.23 a year ago to $-0.19 in the current quarter. Relative to the consensus estimate of $0.22, this was a shortfall of $-0.41. For the latest four quarters through March 31, E.P.S. were $-0.93 compared to $-2.34 a year ago.
Recent Price Action
On 5/8/24, Wolverine World Wide Inc. (NYSE: WWW) stock enjoyed a major increase of 11.6%, closing at $12.74. Moreover, this advance was accompanied by exceptionally high trading volume at 256% of normal. Relative to the market the stock has been strong over the last nine months and has risen 18.6% 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 (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Wolverine World Wide has a poor Appreciation Score of 28 but a good Power Rating of 75, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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