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Wolverine World Wide (WWW) Q2 Earnings: Will it Disappoint?
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Wolverine World Wide, Inc. (WWW - Free Report) is scheduled to report second-quarter 2016 financial numbers before the opening bell on Jul 26, 2016. The big question facing investors now is whether the company will be able to report better-than-expected results in the second-quarter.
In first-quarter 2016, the company reported earnings beat of 31.8%. Notably, the company has surpassed the Zacks Consensus Estimate in three of the last four quarters, with an average earnings surprise of 19.6%. Here’s a discussion on the determinants of second-quarter results:
Zacks Model Shows Unlikely Earnings Beat
Our proven model does not conclusively show that Wolverine World Wide is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. Wolverine World Wide has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate stand at 22 cents. The company carries a Zacks Rank #4 (Sell). We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Factors Influencing This Quarter
Though Wolverine World Wide commened fiscal 2016 on a high note, it might not be able to maintain the momentum in the second quarter, amid economic upheaval both in the U.S. and abroad, as well as a tough domestic retail environment. Strengthening of the U.S. dollar is also likely to have an adverse effect on its performance in the quarter to be reported, given its huge overseas operations. The company expects consolidated reported revenues to decline nearly 4.3–0.5% to $2.475–$2.575 billion in 2016.
Here are some companies, which you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat:
Big Lots Inc. (BIG - Free Report) has an Earnings ESP of +4.35% and a Zacks Rank #2.
Expedia Inc. (EXPE - Free Report) has an Earnings ESP of +17.07% and a Zacks Rank #3.
GameStop Corp. (GME - Free Report) has an Earnings ESP of +17.86% and a Zacks Rank #3.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
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Wolverine World Wide (WWW) Q2 Earnings: Will it Disappoint?
Wolverine World Wide, Inc. (WWW - Free Report) is scheduled to report second-quarter 2016 financial numbers before the opening bell on Jul 26, 2016. The big question facing investors now is whether the company will be able to report better-than-expected results in the second-quarter.
In first-quarter 2016, the company reported earnings beat of 31.8%. Notably, the company has surpassed the Zacks Consensus Estimate in three of the last four quarters, with an average earnings surprise of 19.6%. Here’s a discussion on the determinants of second-quarter results:
Zacks Model Shows Unlikely Earnings Beat
Our proven model does not conclusively show that Wolverine World Wide is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. Wolverine World Wide has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate stand at 22 cents. The company carries a Zacks Rank #4 (Sell). We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Factors Influencing This Quarter
Though Wolverine World Wide commened fiscal 2016 on a high note, it might not be able to maintain the momentum in the second quarter, amid economic upheaval both in the U.S. and abroad, as well as a tough domestic retail environment. Strengthening of the U.S. dollar is also likely to have an adverse effect on its performance in the quarter to be reported, given its huge overseas operations. The company expects consolidated reported revenues to decline nearly 4.3–0.5% to $2.475–$2.575 billion in 2016.
WOLVERINE WORLD Price and EPS Surprise
WOLVERINE WORLD Price and EPS Surprise | WOLVERINE WORLD Quote
Stocks that Warrant a Look
Here are some companies, which you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat:
Big Lots Inc. (BIG - Free Report) has an Earnings ESP of +4.35% and a Zacks Rank #2.
Expedia Inc. (EXPE - Free Report) has an Earnings ESP of +17.07% and a Zacks Rank #3.
GameStop Corp. (GME - Free Report) has an Earnings ESP of +17.86% and a Zacks Rank #3.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>