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Joined: 2011-09-04 17:13
Earnings Preview: Wolverine World Wide, Inc. Reports Results
Wolverine World Wide, Inc. (WWW) is due to report earnings before the opening bell on November 3, 2011. Overview Wolverine World Wide, Inc. engages in manufacturing, sourcing, marketing, licensing, and distributing footwear, apparel, and accessories to the retail sector primarily in the United States, Europe, and Canada. The company was founded in 1883 and is based in Rockford, Michigan. 52 Week High: $43.36 52 Week Low: $28.42 Book Value: $12.07 Float Short: 4.64% Analysts are expecting an improvement of $0.27 in earnings per share compared to last quarter's results of $0.48. The reporting quarter’s estimated mean earnings are $0.75 per share. Analyst estimates range between $0.73 and $0.79 per share. The current trailing twelve months (ttm) P/E ratio is 15.1, the forward P/E ratio is 14.7. The stock has moved higher in price 1.88% in the last month, with a one year change of 28.49%. Compared to the S&P 500, the year to date difference is 24.14%. For the same fiscal period year-over-year, revenue has improved to $1.25 billion for 2010 vs. $1.10 billion for 2009. The bottom line has rising earnings year-over-year of $104.47 million for 2010 vs. $61.91 million for 2009.The company's earnings before income and taxes are rising with an EBIT year-over-year of $142.25 million for 2010 vs. $85.62 million for 2009. http://www.paid2trade.com/SAForm/BarChartPics/WWW-revgross-09-27-11.png I use a proprietary blend of technical analysis, financial crowd behavior, and fundamentals in my short-term trades, and while not totally the same in longer swing trades to investments, the concepts used are similar. You may want to use this article as a starting point of your own research with your financial planner.
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