Wolverine World Wide (NYSE:WWW) reported its Q4 earnings results on Wednesday, February 23, 2022 at 06:30 AM.
Here's what investors need to know about the announcement.
Earnings
Wolverine World Wide reported in-line EPS of $0.41 versus an estimate of $0.41.
Revenue was up $126.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 1.32% increase in the share price the next day.
Here's a look at Wolverine World Wide's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.60 | 0.48 | 0.4 | 0.17 |
| EPS Actual | 0.62 | 0.67 | 0.4 | 0.21 |
| Revenue Estimate | 652.73M | 567.26M | 511.78M | 478.99M |
| Revenue Actual | 636.70M | 631.90M | 510.70M | 509.60M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Wolverine World Wide management provided guidance for their next quarter, expecting earnings between $2.5 and $2.65 per share for the next quarter.
This represents a 528.05% in quarter-over-quarter growth for Wolverine World Wide, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
