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Wolverine World Wide Inc. (WWW - Snapshot Report) is slated to report its second-quarter fiscal 2013 results on Jul 9, 2013. In the last quarter, it posted a positive surprise of 50%. Let’s see how things are shaping up for this announcement.

Growth Factors this Past Quarter

Benefiting largely from the acquisition of PLG group, Wolverine posted strong first-quarter 2013 results. On account of the growth in the top line, the company’s gross profit nearly doubled, while adjusted operating profit rose 78.6% year over year.

Earnings Whispers?

Our proven model does not conclusively show that Wolverine is likely to beat earnings this quarter. That is because a stock needs to have both a positive Earnings ESP (Read: Zacks Earnings ESP: A Better Method) and a Zacks Rank #1, #2 or #3 for this to happen. This is not the case here as you will see below.

Zacks ESP: ESP for Wolverine is 0.00%. This is because the Most Accurate Estimate stands at 34 cents, in line with the Zacks Consensus Estimate.

Zacks Rank #2 (Buy): Wolverine’s Zacks Rank #2 (Buy) lowers the predictive power of ESP because the Zacks Rank #2 when combined with a 0.00% ESP makes surprise prediction difficult. We caution against stocks with Zacks Ranks #4 and #5 (Sell rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions momentum.

Other Stocks to Consider

Here are some other companies you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter:

ManpowerGroup Inc. (MAN - Analyst Report), Earnings ESP of +3.33% and a Zacks Rank #1 (Strong Buy).

Deckers Outdoor Corp. (DECK - Analyst Report), Earnings ESP of +13.21% and a Zacks Rank #2 (Buy).

Rent-A-Center, Inc. (RCII - Analyst Report), Earnings ESP of +1.33% and a Zacks Rank #3 (Hold).

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