Will Wolverine (WWW) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Wolverine World Wide (WWW) has consistently surpassed earnings estimates and is well-positioned for future earnings growth, making it a strong candidate for investment consideration [1]. Earnings Performance - In the most recent quarter, Wolverine reported earnings of $0.29 per share, exceeding the expected $0.21 per share by a surprise of 38.10% [2]. - For the previous quarter, the company reported $0.15 per share against an expectation of $0.10 per share, resulting in a surprise of 50% [2]. Earnings Estimates and Predictions - Estimates for Wolverine have been trending higher due to its history of earnings surprises, with a current Earnings ESP of +2.44%, indicating increased analyst optimism about its near-term earnings potential [3][6]. - The combination of a positive Earnings ESP and a Zacks Rank of 1 (Strong Buy) suggests a high likelihood of another earnings beat in the upcoming report [6]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [4]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [5].