|Bid||9.96 x 1200|
|Ask||10.36 x 1100|
|Day's range||10.04 - 10.34|
|52-week range||10.04 - 32.77|
|Beta (5Y monthly)||1.60|
|PE ratio (TTM)||5.22|
|Earnings date||21 Feb 2023 - 27 Feb 2023|
|Forward dividend & yield||0.40 (3.87%)|
|Ex-dividend date||29 Dec 2022|
|1y target est||17.00|
Wolverine's (WWW) third-quarter 2022 earnings results reflect weak margins. Also, most of the brands' revenues fall on a year-over-year basis.
Wolverine World Wide (NYSE: WWW) stock fell hard on Wednesday as shares declined 29% by 12:30 p.m. ET, compared with a 0.6% drop in the S&P 500. It was sparked by an earnings announcement that depicted a surprisingly weak third quarter for the business. Both the revenue and profit figures were below management's expectations, it said in an investor presentation.
Wolverine (WWW) delivered earnings and revenue surprises of -15.79% and 3.29%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?