Wolverine World Wide Inc. (NYSE:WWW) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Wolverine World Wide Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 4.17% to $0.46 in the quarter versus EPS of $0.48 in the year-earlier quarter.
Revenue: Rose 87.96% to $587.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Wolverine World Wide Inc. reported adjusted EPS income of $0.46 per share. By that measure, the company beat the mean analyst estimate of $0.34. It missed the average revenue estimate of $591.03 million.
Quoting Management: “We are extremely pleased to report excellent financial results in our most recent quarter,” said Blake W. Krueger, Chairman and Chief Executive Officer. “The combined power of our brand portfolio is virtually unmatched in the industry, and the continuing global consumer interest in authentic brands anchored in performance and heritage positions us well for future growth. We continue to believe that the power of our 16-brand portfolio, a strong global infrastructure, and talented team have us poised to deliver growth and exceptional shareholder value.”
Key Stats (on next page)…
Revenue decreased 9% from $645.9 million in the previous quarter. EPS decreased 43.21% from $0.81 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.10 to a profit $1.03. For the current year, the average estimate has moved up from a profit of $2.64 to a profit of $2.69 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)