Wolverine World Wide(US:WWW) ZACKSยท2024-11-12 16:40Company Overview - Wolverine World Wide, Inc. designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories across various regions including the United States, Europe, and Asia Pacific [2] - The company offers a diverse range of footwear and apparel styles under multiple brands such as Bates, Cat, Chaco, Harley-Davidson, Hush Puppies, Merrell, and Sperry [2] Earnings Performance - Wolverine World Wide recently reported earnings that exceeded expectations by 8 cents per share, marking the second consecutive quarterly earnings beat [3] - Following the earnings report, four analysts revised their earnings estimates upward for both the current and next year, raising the Zacks Consensus Estimate from 85 cents to 89 cents for the current year and from $1.28 to $1.35 for the next year [3] Growth Projections - The company is projected to experience significant earnings growth, with next year's forecast indicating a 51.24% increase compared to last year's earnings of 5 cents [5] - Revenue growth is also anticipated, with forecasts suggesting a 5.9% increase [5] Stock Performance - The stock has shown remarkable performance over the past year, rising from $8 at the beginning of 2024 to approximately $21 currently [6] - The 50-day moving average has provided consistent support for the stock, acting as a guide since October 2023 [6]