Wolverine World Wide (WWW) exceeded earnings expectations with $0.36 per share, up from $0.29 last year. Revenue hit $470.3 million, beating estimates by 1.51%. The stock has a Zacks Rank #3 (Hold) and could be impacted by industry performance. Caleres Inc. (CAL) is expected to report $0.75 per share earnings and $770.44 million in revenue for the quarter.
Investors wonder about Wolverine’s future stock performance after its strong earnings. The Zacks Rank can help predict stock movements based on earnings outlook. Wolverine’s Q3 earnings beat expectations, but industry rank is low. Caleres Inc. is set to report earnings soon with estimates unchanged for the quarter.
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Read more at Nasdaq: Wolverine World Wide (WWW) Tops Q3 Earnings and Revenue Estimates
